General PPI of September2019, increased by0.5% when compared with previous month (M-O-M).
General PPI of September2019, decreased by 17.7% when compared with September,2018 (Y-O-Y).
PPI of Crude Petroleum and Natural gas production increased by 1.1%, comparing with previous month.
Planning and Statistics Authority (PSA) has released the Monthly Producer Price Index (PPI) of the Industrial sector for September,2019 with the base year 2013. Producer price index covers goods relating to “Mining” (weight: 72.7%),
“Manufacturing” (weight: 26.8%), and “Electricity & Water” (weight: 0.5%).
Mining
The PPI of September, 2019 for this sector showed an increase by 1.1 % when compared with PPI of August 2019, primarily due to the increase of “Crude petroleum and natural gas” prices by 1.1%. PPI of September2019, when compared with its counterpart in previous year (September 2018), there has been a decrease of 18.0%. Graph (1) showed the monthly movement of “Mining” index during September2018 and September2019 .
Manufacturing
A decrease of 0.4% has been recorded in September 2019, when compared with the previous month’s Manufacturing index (August,2019). The prices decrease are seen in: “Rubber and Plastics products” by 2.5%, followed “Basic Metals” by 2.4%, "Paper and Paper products ” by 0.5%, “Basic Chemicals" by 0.4%, and “Refined Petroleum products” by 0.1%. However, the increasing prices are noticed in: “Cement and Other non-metallic products” by 0.4%, “Grain mill and Other products” by 0.1%. No changes noticed in : “Juices”, “Dairy products”, “Beverages”, “Other chemical products and fibers”.
Comparing with the index of counterpart in the previous year (September 2018), “Manufacturing” PPI of September 2019 showed a decrease of 6.9%. The major groups which explain this price fall are: “Refined Petroleum products” by 19.9%, “Basic chemicals” by 14.1%, “Basic Metals” by 10.1%, and "Cement and Other non-metallic products” 3.4%. However, prices increased in "Rubber and Plastics products” by 4.3%, followed by “Other chemical products and fibers” by 3.8%, "Juices" by 2.2%, “Dairy products” and “Paper and Paper Products” by 1.6% each, “Beverages” by 0.7%, and “Grain mill and Other products” by 0.4%.
Graph (3) shows the graphical presentation of “Manufacturing” index during September,2018 to September,2019.
Electricity and Water
The PPI of this group showed a decrease of 1.5% compared to August 2019, resulting from the decreasing in “Water” by 3.9%, and increasing in “Electricity” by 0.8%. When compared the PPI of September, 2019, to the PPI of September,2018 [Y-o-Y], showed a decrease of 6.6%, affected by prices fall in “Water” by 13.4%, and price rise in “Electricity” by .07%.
Overall Index (PPI of Industrial sector)
The PPI for September,2019 is estimated at 61.4 points showing an increase by 0.5%, when compared to the previous month’s August, 2019. On [Y-o-Y] basis, PPI of September,2019 showed a decrease of 17.7% when compared to the PPI of September,2018.
For more information click here