• An increase by 0.55% in MEPI indicator in the First Half of 2022.
• Annual indicator of MEPI Increase by 1.02%.
The Planning & Statistics Authority (PSA) has released the Machinery & Equipment Price Index (MEPI) for the First Half 2022, Which reached 100.02 points, increase by 0.55% compared with the First Half of 2021, and a 1.02% increase of MEPI, when compared with the counterpart of the previous year 2021. The MEPI is one the economic indicators produced by the Authority. This indicator calculated as semi- annual with base year 2013.
A comparison of the First Half of 2022 with the Second Half of 2021:
An analysis on [H-o-H basis] of MEPI [First Half, 2022 against Second Half, 2021] shows that five of the main groups were increased namely: “Metal tools and tools” by 14.88%, “Transport Equipment” by 2.37%, “General - purpose machinery” by 0.77%. “Special-purpose machines” by 0.75%, and “Radio, television and communication equipment” by 0.46%. A decrease recorded in “Medical appliances precision and optical instruments, watches and clocks” by 2.49%, “Office, accounting and computing machinery” by 2.23%, “Machinery and electrical appliances” by 2.20, “Musical instruments” by 1.25%.
A comparison of the First Half, 2022 with the First Half, 2021 (Yearly Changes):
A comparison of the MEPI of First Half, 2022 with the First Half, 2021, shown that, there has been a increase by 1.02%, affected by groups prices allowed namely: ” Radio , television and communication equipment” by 11.28%, “Machinery and electrical appliances” by 10.58%, “General - purpose machinery” by 7.19%, and “Transport Equipment” by 1.86%, “ Musical instruments” by 1.58%. “Special-purpose machines” by 0.87%. As for decrease, it was recorded in three groups that were “Office, accounting and computing machinery” by 6.61%, “Medical appliances precision and optical instruments, watches and clocks” by 4.51%, and “Metal tools and tools” by 1.25%.
