- General PPI of July 2019, decreased by 0.2% when compared with previous month (M-O-M).
- General PPI of July 2019, decreased by 11.8% when compared with July,2018 (Y-O-Y).
- PPI of Crude Petroleum and Natural gas production increased by 0.9%, comparing with previous month.
Planning and Statistics Authority (PSA) has released the Monthly Producer Price Index (PPI) of the Industrial sector for July,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 July, 2019 for this sector showed an increase by 0.2 % when compared with PPI of June 2019, primarily due to the increase of “Crude petroleum and natural gas" prices by 0.9%. PPI of July 2019, when compared with its counterpart in previous year (July 2018), there has been a decrease of 12.4%. Graph (1) showed the monthly movement of “Mining" index during July 2018 and July 2019, while Graph (2) showed the monthly rate of change in General PPI and Mining.
Manufacturing
A decrease of 2.1 % has been recorded in July 2019, when compared with the previous month's Manufacturing index (June,2019). The prices decrease are seen in: "Paper and Paper products " by 3.5%, “Refined Petroleum products" by 2.8%, “Basic Metals" by 2.0%, “Beverages" by 1.3%, “Other chemical products and fibers" by 1.0%, “Basic Chemicals" by 0.4%. However, the increasing prices are noticed in: “Dairy products" by 1.2%, “Rubber and Plastics products" by 0.7 %, “Grain mill and Other products" by 0.2%, “Cement and Other non-metallic products" by 0.1%. No change are noticed in “Juices".
Comparing with the index of counterpart in the previous year (July 2018), “Manufacturing" PPI of July, 2019 showed a decrease of 10.5%. The major groups which explain this price fall are: “Refined Petroleum products" by 12.0%, “Basic Metals" by 11.1%, “Basic Chemicals" by 8.1%, "Cement and Other non-metallic products" by 5.1%,“Paper and Paper Products" by 1.0%, and “Grain mill and Other products" by 0.7%. However, prices increased in "Juices" by 5.6%, followed by "Rubber and Plastics products" by 5.0%, “Dairy products" by 4.8%, “Other chemical products and fibers" by 3.8%, and “Beverages" by 0.8% ,
Graph (3) shows the graphical presentation of “Manufacturing" index during July,2018 to July,2019.
Electricity and Water
The PPI of this group showed a decrease of 6.0% compared to June 2019, resulting from the decreasing price in “Electricity" by 13.7%, and the increasing price in “Water" by 3.2 %. When compared the PPI of July ,2019, to the PPI of July,2018 [Y-o-Y], showed a decrease of 8.1%, affected by prices fall in in “Electricity" by 8.4%, and “Water" by 7.7%, and
Overall Index (PPI of Industrial sector)
The PPI for July,2019 is estimated at 62.0 points showing a decrease by 0.2%, when compared to the previous month's June, 2019. On [Y-o-Y] basis, PPI of July,2019 showed a decrease of 11.8% when compared to the PPI of July,2018. Graph (4) shows the monthly of PPI and rate of change during July,2018 to July,2019, also table (1) includes the PPI of July,2019 with monthly and yearly comparisons.
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