Qatar Statistics Authority (QSA) has released the Producer Price Index (PPI) for the fourth quarter of 2010 for the Industrial sector. The Industrial sector covers Mining, Electricity Energy & Water and Manufacturing. QSA started the publication of the PPI only in 2010, using the average of 2006 prices as base. A revised series of PPIs is presented for the period 2007 to 2010. The indices have been revised in the light of the revisions made to the source data.
Quarterly change:The PPI for the fourth quarter 2010 stood at 126.6 (2006=100) showing a rise of 10.2% when compared to the third quarter. The increase at the overall level is the result of higher prices recorded in the Mining and the Manufacturing industry groups. More details on the changes at product group level is given below:•PPI for Mining recorded an increase of 8.9 % compared to third quarter 2010 following the rise in the prices of the following product groups: Crude oil +13.5%, Condensate + 18.4%, and Natural gas decrease by 3.2% compared to third quarter.
•Electricity and water prices remained at the same level as that of the previous quarter.
•Manufacturing witnessed an increase of 15.9% in the fourth quarter 2010 compared to the third quarter. Basic chemical posted an increase of 25.7%, followed by refined petroleum products, 18.6%. On the other hand, reduction in prices were reported for some products in the group Cement and glass product,-4.5%, and for the group Metal product, machinery and equipment, -1.9%.
Annual change: A comparison of the annual average PPI for the year 2010 with that of 2009 is given at the overall level, the PPI for the Industrial sector increased on average by 19.3 % over 2009. The overall increase is the combined effect of 18.8% rise reported in Mining and 22.0% rise in Manufacturing.
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