The Industrial Production index (IPI) of Qatar March 2023 reached to 103.5 points increased by 4.9% compared to the previous month (February 2023), and increased by 4.8%, when compared to the corresponding month in 2022.
Planning and Statistics Authority (PSA) has issued a new version of press release of industrial production index for March 2023, calculated using 2018 as a base year.
By changing the base year, the relative weight of main economic sectors under this indicator are changed also, therefore “Mining” 82.46%, “Manufacturing” 15.85%, “Electricity production” 1.16%, “Water production” 0.53%.
According to data, the index of the “Mining” sector showed an increase by 5.0% compared to the previous month (February 2023), because of the increase in the quantities of “crude oil petroleum and natural gas” with the same percentage, while “Other mining and quarrying” decreased by 2.1%. When compared to the corresponding month of the previous year (March 2022), the IPI of Mining increased by 6.0%.
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In “Manufacturing”, the index of this sector showed an increase by 3.8% compared to the previous month (February 2023). The groups showed an increase include: “Manufacture of food products” by 8.9%, followed by “Manufacture of beverages” by 6.5%, “Manufacture of chemicals and chemical products” by 6.0%, “Manufacture of refined petroleum products” by 3.7%, and “Manufacture of Cement and other non-metallic mineral products” by 0.9%. However, a decrease was recorded in “Manufacture of basic metals” by 2.5%, “Printing and reproduction of recorded media” by 1.9%, and “Manufacture of rubber and plastics products” by 1.1%.
On the other hand, in terms of annual change, comparing to March 2022, a decrease of 1.0% was recorded, due to the decrease in “Manufacture of Cement & other non-metallic mineral products” by 11.3%, followed by “Printing and reproduction of recorded media” by 9.1%, “Manufacture of chemicals and chemical products” by 2.6%, and “Manufacture of rubber and plastics products” by 1.4%. However, an increase recorded in “Manufacture of food products” by 12.8%, “Manufacture of refined petroleum products” by 6.9%, “Manufacture of beverages” by 6.2%, and “Manufacture of basic metals” by 2.4%.
The Electricity and Gas Supply sector saw an increase of 13.2% between March 2023 and the previous month (February 2023). Comparing with corresponding month (March 2022), an increase of 8.5% was recorded.
Data of Water Supply showed an increase of 12.8% was noticed in the production of “Water” between March 2023 and the previous month (February 2023). Comparing with corresponding month (March 2022), an increase of 0.9% was recorded.
QNA
