According to official data, Qatar’s Industrial Production Index (IPI) saw a positive trend in the third quarter of 2023, reaching 105.08 points and showing a 1.7 percent increase from the previous quarter. The latest report from Qatar’s Planning and Statistics Authority revealed that the IPI experienced a growth of 0.8 percent compared to the same three-month period in 2022.
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Analyzing the specific sectors contributing to the index, notable changes were observed during this quarter. The mining and quarrying sector index reached 104.39 points, indicating a 1.2 percent increase. Similarly, the manufacturing industry index scored 105.19 points, reflecting a 1.7 percent upswing.
Particularly, the electricity supply sector index demonstrated significant growth, reaching 150.29 points, which represented a substantial 35.2 percent increase. The water supply sector index also showed positive movement, reaching 109.54 points and marking a 4.9 percent increase.
Within the industrial production index basket, each sector was assigned a specific weight. The mining sector, which includes oil and gas extraction, held the largest weight, accounting for 82.46 percent. The manufacturing sector, encompassing locally produced goods such as food industries and petroleum refining, carried a weight of 15.85 percent. The electricity sector, covering power generation and distribution, had a weight of 1.16 percent, while the water sector, including collection and treatment, accounted for 0.53 percent.
Comparing the third quarter of 2023 to the previous three-month period, the mining sector’s index increased by 1.2 percent, primarily attributed to a rise in the “extraction of crude oil and natural gas” subgroup, while other mining and quarrying experienced a decrease. In the manufacturing sector, comprising eight sub-groups, the index rose by 1.7 percent, with increases observed in six groups and decreases in two groups.
Although the electricity supply sector’s index surged by 35.2 percent, its small relative weight had a negligible impact on the general index. Similarly, the water supply sector’s index increased by 4.9 percent, but due to its small relative weight, it had minimal impact on the general index.
Comparing Q3, 2023 to Q2, 2023
When comparing the third quarter of 2023 to the corresponding period in 2022, the data indicated that the mining sector’s index increased by 1.1 percent, driven by a rise in the “extraction of crude oil and natural gas” subgroup, while other mining and quarrying experienced a decrease. On the other hand, the manufacturing sector’s index decreased by 1.6 percent, with declines observed in six groups and increases in two groups.
The electricity supply sector’s index rose by 7.6 percent, but its impact on the general index was minimal due to its small relative weight. Similarly, the water supply sector’s index increased by 1.4 percent, with an insignificant impact on the general index because of its small relative weight.
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