 General PPI of June 2020, increased by 7.6% when compared with previous month (M-O-M).
 General PPI of June 2020, decreased by 40.7% when compared with June,2019 (Y-O-Y).
 PPI of Crude Petroleum and Natural gas production increased by 8.8%, comparing with previous month.

 
Planning and Statistics Authority (PSA) has released the Monthly Producer Price Index (PPI) of the Industrial sector for June 2020 with the base year 2013. Producer price index covers goods relating to “Mining” (weight: 72.7%), “Manufacturing” (weight: 26.8%), and “Electricity & Water” (weight: 0.5%).

         Mining
The PPI of June, 2020 for this sector showed an increase by 8.8 % when compared with PPI of May 2019, primarily due to the price increase  of “Crude petroleum and natural gas” by 8.8%. PPI of June 2020, when compared with its counterpart in previous year (June 2019), there was a decrease of 47.9%. Graph (1) showed the monthly movement of “Mining” index during June 2019 and June 2020, while Graph (2) showed the  monthly rate of change in General PPI and Mining.

Manufacturing
 An increase of 6.4% has been recorded in June  2020, when compared with the previous month’s Manufacturing index (May, 2020). The prices increase are seen in: “Refined Petroleum products” by 13.8%, followed  by “Juices” by 2.5%, “Dairy products” by 1.2%, “Cement and Other non-metallic products” by 0.9%, “Grain mill and Other products” by 0.6%. However, the decreasing prices are noticed in “Basic Metals” by 3.6%, “Rubber and Plastics products” by 2.8%, “Basic Chemicals"  by 2.5%, “Other chemical products and fibers” by 2.1%,  and “Beverages” by 0.7%. No changes noticed in “Paper and Paper products”.
 

Comparing with the index of counterpart in the previous year (June 2019), “Manufacturing” PPI of June 2020 showed a decrease of 26.9%. The major groups which explain this price fall are: “Refined Petroleum products” by 33.9%, followed by “Basic chemicals” by 21.6%, "Rubber and Plastics products” by 12.9%, “Basic Metals” by 8.3%, “Other chemical products and fibers” by 3.4%, and “Beverages” by 1.4%. However, prices increased in by "Juices" by 5.1%, followed by “Dairy products” by 2.7%, “Paper and Paper Products” by 2.0 %, "Cement and Other non-metallic products” 1.9%, and “Grain mill and Other products” by 1.0%.
 
 Graph (3) shows the index of “Manufacturing” during June, 2019 to June, 2020.

Electricity and Water
The PPI of this group showed a decrease of 1.9% compared to May  2020, resulting from the decreasing in “Electricity”  by 9.7%, and increasing in “Water”  by 7.8%. When compared the PPI of June, 2020, to the PPI of June, 2019  [Y-o-Y], showed a decrease of  6.0%, affected by  prices fall in “Electricity”  by 13.3%, and increasing in “Water” prices by 3.0%.

Overall Index (PPI of Industrial sector)
The PPI for June,2020 is estimated at 36.8 points showing an increase of 7.6%, when compared to the previous month’s May, 2020. On [Y-o-Y] basis, PPI of June, 2020 showed a decrease  of 40.7% when compared to the PPI of June,2019. Graph (4) shows the monthly of PPI and rate of change during June,2019 to June,2020, also table (1) includes the PPI of June, 2020 with monthly and yearly comparisons.

 For more information click here