Qatar’s industrial production posts 1.7% growth YoY in September

By Amirtha P S, Desk Reporter
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The industrial production of Qatar has grown in September on a yearly basis on robust output expansion, notably in the areas of 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 industrial production index (IPI) has marked a 1.7 percent growth year-on-year (YoY) but saw a marginal 0.3 percent month-on-month decline in September 2021. The PSA brought out 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 percent, witnessed a 1.3 percent growth on a year-on-year. On a monthly basis, the index showed a 0.2 percent fall owing to a 0.2 percent decrease in the extraction of crude petroleum and natural gas and 0.1 percent in other mining and quarrying sectors.

The manufacturing index, with a relative weight of 15.2 percent, has surged 4.6 percent year-on-year in September 2021 on account of a 51 percent increase in printing and reproduction of recorded media, 23.8 percent in refined petroleum products, 17.2 percent in cement and other non-metallic mineral products, 6.8 percent in food products, 3.2 percent in rubber and plastics products and 1.2 percent in chemicals and chemical products.

However, on a monthly basis, the manufacturing index was down 0.02 percent in September this year owing to a 3.8 percent reduction in the production of basic metals and 0.1 percent in chemicals and chemical products.

On a monthly basis, there was a 51 percent surge in printing and the reproduction of recorded media, 8 percent in rubber and plastics products, 6.8 in food products, 1.5 percent in cement and other non-metallic mineral products 1.4 percent in beverages and 1.2 percent in refined petroleum products.

Related: UAE, Qatar top MENA in FDI attractiveness; Oxford Economics


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