Qatar Statistics Authority (QSA) has released the Producer Price Index (PPI) for the second quarter of 2011 for the Industrial sector. The Industrial sector covers Mining, Electricity& Water and Manufacturing.
  
     The PPI for the second quarter(Q2) 2011 stood at 164.0 (2006=100) showing a rise of 38.8% compared to the corresponding index of Q2 in 2010. Compared to the first quarter 2011, the increase in PPI of Q2 was 10.5%. The increase at the overall level of PPI is the result of higher prices recorded in the Mining and Manufacturing sector. More details on the changes at product group level is given below:In the mining sector, the 11.2% rise when compared to the first quarter 2011, is mainly explained by higher prices: 10.6% in crude oil, 11.6% in natural gas, 25.1% in condensate produced by the oil companies and 10.4% in Condensate produced by the gas companies. When compared with the corresponding quarter, the increase is 42.6 %, mainly due to the increase in the price of condensate produced by the gas companies, 43.0%, crude oil 45.6%, natural gas 37.8% and Condensate produced by the oil companies, 37.0%.  Electricity and water prices remained at the same level as in the previous quarter but 0.8% lower than in the corresponding quarter.Manufacturing witnessed an increase of 8.3% in the second quarter of 2011 compared to the first quarter 2011. The prices of refined petroleum products rose by 9.9%, followed by basic chemicals, 9.2%. On the other hand, reductions in prices were reported for some products in the grain mill group (5.3%) and the beverages group (2.3%). Compared to the corresponding quarter, at the overall level, the increase is 28.1%, while refined petroleum products rising by 38.9% and basic chemicals by 23.4%. On the other hand, producer price of cement and glass products dropped by (9.7%).This data and other statistical data and indicators are available on QALAM: www.qix.gov.qaFor more details: click here