• An increase by 0.17% in MEPI indicator in the Second Half of 2022.
• Annual indicator of MEPI increase by 0.72%.
The Planning & Statistics Authority (PSA) has released the Machinery & Equipment Price Index (MEPI) for the Second Half 2022, Which reached 100.19 points, increase by 0.17% compared with the Second Half of 2021, and a 0.72% 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 Second Half of 2022 with the First Half of 2022:
An analysis on [H-o-H basis] of MEPI [Second Half, 2022 against First Half, 2021] shows that seven of the main groups were increased namely: “Musical instruments” by 5.0%, “Office, accounting and computing machinery” by 3.75%, “Metal tools and tools” by 2.95%. “Medical appliances precision and optical” by 2.38%, and “Machinery and electrical appliances” by 0.81% ,“General , purpose machinery” by 0.48%, and “Special-purpose machines” by 0.05%, A decrease recorded in “Radio , television and communication equipment” by 3.27%, “Transport” by 1.28%.
A comparison of the Second Half, 2022 with the Second Half, 2021 (Yearly Changes):
A comparison of the MEPI of Second Half, 2022 with the Second Half, 2021, showed that, there has been an increase by 0.72%, affected by prices rise in groups, namely: “Metal tools and tools” by 18.27%, “Musical instruments” by 3.69%, “Office, accounting and computing machinery” by 1.44%, and “General, purpose machinery” by 1.25%, “Transport” by 1.06%. “Special-purpose machines” by 0.80%. As for decrease, it was recorded in three groups that were “Radio, television and communication equipment” by 2.83%,
“Machinery and electrical appliances” by 1.41%, and “Medical appliances precision and optical” by 0.16%.
