• A decline on prices of machinery and equipment in the first half 2018 by 0.1% .
• Six groups decreased, one group increased, and stability on two groups.
The Ministry of Development Planning & Statistics (MDPS) has released the Machinery & Equipment Price Index (MEPI) for the first Half / 2018, Which reached 101.5 points, that decrease compared to the second half of the year 2017 with 0.1% , decrease with 0.3% when compared with the counterpart of the previous year 2017. The MEPI is one the economic indicators produced by the Ministry. This indicator calculated as semi - annual , With Base Year 2013.
A comparison of the first Half, 2018 with that of the second Half, 2017 :
An analysis [on H-o-H basis] of MEPI [first half, 2018 against second half, 2017 changes ] shows that six of the main groups were decreased namely: “Machinery and Electrical Appliances” by 0.9%, followed by “Musical instruments” and “Radio, Television and Communication Equipment & Apparatus” by 0.6% each, “Metal tools and tools” and “Special-purpose machines” by 0.3% each, and “Transport equipment” group by 0.2%. An increase recorded in “Office, Accounting and Computing machinery” by 0.5 %. No change noticed in “General purpose machinery” and “Medical appliances, precision and optical instruments, watches and clocks”.
A comparison of the First Half , 2018 with the First Half , 2017 ( Yearly Changes ):
A comparison of the MEPI of First Half, 2018 with the First half, 2017, it’s been noticed that MEPI decrease by 0.3%, affected by prices decreased namely : “Machinery and electrical appliances” group by 1.0%, “Radio, television and communication equipment and apparatus” by 0.8%, “Musical instruments” by 0.7%, “Metal tools and tools” and “Office, Accounting and Computing machinery” group by 0.5% each, and “Special purpose machines” and “Transport equipment” grouped by 0.1 for each%. No change noticed in “General purpose machinery” and “Medical appliances, precision and optical instruments, watches and clocks”.
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