Qatar’s IPI jumps 1.7% y-o-y in September

Qatar’s IPI jumps 1.7% y-o-y in September

Doha’s industrial production gained traction in September on a yearly basis on robust output expansion, especially in cement, printing, beverages, refined petroleum products and food products, as well as in hydrocarbons, according to the Planning and Statistics Authority (PSA).

The country’s IPI gained 1.7% year-on-year but saw a marginal 0.3% month-on-month decline in September 2021.

The PSA introduced IPI, a short-term quantitative index that measures the changes in the volume of production of a selected basket of industrial products over a given period with respect to a base period 2013.

The mining and quarrying index, which has a relative weight of 83.6%, saw a 1.3% increase on a yearly basis owing to a 1.3% expansion in the extraction of crude petroleum and natural gas, and 15.3% in other mining and quarrying sectors.

On a monthly basis, the index showed a 0.2% fall owing to a 0.2% decrease in the extraction of crude petroleum and natural gas and 0.1% in other mining and quarrying sectors.

The manufacturing index, with a relative weight of 15.2%, was seen soaring 4.6% year-on-year in September 2021 on account of 51% surge in printing and reproduction of recorded media, 23.8% in refined petroleum products, 17.2% in cement and other non-metallic mineral