• A decrease by 0.8% in MEPI indicator in the second half of 2019.
• Annual decrease of MEPI by 1.3%.
The Planning & Statistics Authority (PSA) has released the Machinery & Equipment Price Index (MEPI) for the Second half 2019, Which reached 101.23 points, decrease by 0.8% compared with the First half of same year, and a 1.3% decrease of MEPI, when compared with the counterpart of the previous year 2018. 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, 2019 with that of the First Half of the same year :
An analysis [on H-o-H basis] of MEPI [Second half, 2019 against First Half, 2019 ] shows that six of the main groups were decreased namely: “Special-purpose machines” by 2.7%, followed by “Musical instruments” by 2.5%, Machinery and Electrical Appliances” by 1.4%, “Radio, Television and Communication” by 0.8%, “Transport equipment” by 0.4%, and “Office, Accounting and Computing machinery” by 0.2%. An increase recorded in “Metal tools and tools” by 2.8%, followed by “General purpose machinery” by 2.4%, and “Medical appliances, precision and optical instruments” by 0.1%. table(1) shows the Semiannual and annual comparison of the MEPI,
A comparison of the Second Half, 2019 with the Second Half, 2018 (Yearly Changes ):
A comparison of the MEPI of second half, 2019 with the second half, 2018, shown that, there has been a decrease by 1.3%, affected by groups prices declined namely: “Special-purpose machines” by 5.8%, “Machinery and Electrical Appliances” by 4.3%, and “Office, Accounting and Computing machinery” by 1.6%. An increase recorded in “Musical instruments” by 6.5%, “Metal tools and tools” by 4.9%, “Medical appliances, precision and optical instruments” by 3.5%, “General purpose machinery” by 2.7%, “Transport equipment” by 0.9%, and “Radio, Television and Communication” by 0.2%.
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