Qatar’s producer price index (PPI) of the industrial sector recorded 114.39 points in February, a 1.03 percent monthly increase and an 8.6 percent annual decrease compared to February 2023. The PPI, a crucial economic indicator, reflects the average change in prices domestic producers receive for their output over time. Qatar’s February figures indicate a nuanced pattern of increases and decreases across various industrial sectors, offering a comprehensive view of the country’s industrial landscape.
Mining and quarrying
Qatar’s Planning and Statistics Authority (PSA) revealed that the mining and quarrying sector’s PPI saw a 0.90 percent monthly increase primarily due to the increase in the prices of crude petroleum and natural gas. Qatar’s mining PPI saw an annual decrease of 9.18 percent in February due to the annual decrease of 9.19 percent in crude petroleum and natural gas prices.
Meanwhile, Qatar’s manufacturing sector saw a monthly PPI increase of 1.95 percent in February due to a surge in rubber and plastic product prices, refined petroleum product prices, and basic metal prices. Compared to February 2023, Qatar’s manufacturing PPI saw a 7.12 percent decrease. This decline is mainly attributed to a 10.45 percent decrease in the prices of chemicals and chemical products. Basic metals, cement and refined petroleum products also saw an annual decline in prices.
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Electricity and water
In Qatar’s electricity, gas, steam and air conditioning supply sector, the PPI rose by 0.46 percent in February compared to January 2024. Year-on-year, Qatar’s electricity sector PPI exhibited a significant increase of 9.90 percent compared to February 2023.
In contrast, within the water supply sector, the PPI experienced a decline of 1.49 percent compared to January 2024. However, year-on-year, Qatar’s water supply sector’s PPI for February 2024 demonstrated an uptick of 3.72 percent compared to February 2023.
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