Qatar’s IPI zooms in July, indicates robust industrial activity: PSA

Qatar’s IPI zooms in July, indicates robust industrial activity: PSA

Qatar's industrials sector displayed robust performance in July on an annualised basis, mainly supported by refined petroleum products, beverages and hydrocarbons sectors, according to the official data.

The increased production of manufactured items as well as higher extraction in the mining and quarrying sectors led Qatar's industrial production index (IPI) jump 7.8% on an annualised basis in July 2022. The IPI saw a 4.8% jump month-on-month this July, said the figures released by the Planning and Statistics Authority (PSA).

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 an 8.5% surge on a yearly basis owing to an 8.5% increase in the extraction of crude petroleum and natural gas and 17.8% in other mining and quarrying sectors.

On a monthly basis, the index showed a 5.4% expansion owing to a 5.4% surge in the extraction of crude petroleum and natural gas and 1.3% in other mining and quarrying sectors.

The manufacturing index, with a relative weight of 15.2%, shot up 4.8% year-on-year in July