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 General PPI of August, 2019, decreased by 1.5% when compared with previous month (M-O-M).
 General PPI of August, 2019, decreased by 16.5% when compared with August, 2018 (Y-O-Y).
 PPI of Crude Petroleum and Natural gas production decreased by 1.4%, comparing with previous month.

 
Planning and Statistics Authority (PSA) has released the Monthly Producer Price Index (PPI) of the Industrial sector for August, 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 August, 2019 for this sector showed a decrease by 1.4 % when compared with PPI of July, 2019, primarily due to the decrease of “Crude petroleum and natural gas” prices by 1.4%. PPI of August, 2019, when compared with its counterpart in previous year (August 2018), there has been a decrease of 17.7%. Graph (1) showed the monthly movement of “Mining” index during August 2018 and August 2019, while Graph (2) showed the  monthly rate of change in General PPI and Mining.

Manufacturing
 A decrease of 1.8% has been recorded in August, 2019, when compared with the previous month’s Manufacturing index (July,2019). The prices decrease are seen in: “Basic Chemicals" by 2.3%, followed by “Refined Petroleum products”, and “Rubber and Plastics products”  by 2.0% each, “Beverages” by 0.2% for each, “Dairy products”, and “Grain mill and Other products” by 0.1% each. However, the increasing prices are noticed in: "Paper and Paper products ” by 3.2%, and
“Cement and Other non-metallic products” by 0.1%.
 No change noticed  in : “Juices” , “Other chemical products and fibers”,  and “Basic Metals”.

Comparing with the index of counterpart in the previous year (August 2018), “Manufacturing” PPI of August, 2019 showed a decrease of 14.0%. The major groups which explain this price fall are: “Refined Petroleum products” by 16.4%, “Basic chemicals” by 11.3%, “Basic Metals” by 9.9%, and "Cement and Other non-metallic products” 4.5%. However, prices increased in "Rubber and Plastics products” by 5.9%, followed by “Other chemical products and fibers” by 3.8%,“Dairy products” by 3.5%,  "Juices" by 2.2%, “Paper and Paper Products” by 2.1%, “Beverages” by 1.2%, and “Grain mill and Other products” by 0.2%.
Graph (3) shows the graphical presentation of “Manufacturing” index during August,2018 to August,2019.

Electricity and Water
The PPI of this group showed an increase of 0.6% compared to July 2019, resulting from the increasing “Electricity” by 1.3%, and decreasing “Water” by 0.1 %. When compared the PPI of  August ,2019, to the PPI of August,2018  [Y-o-Y], showed a decrease of 5.1%, affected by  prices fall in “Electricity”  by 5.9%, and fall in “Water” by 4.4%.

Overall Index (PPI of Industrial sector)
The PPI for August, 2019 is estimated at 61.1 points showing a decrease by 1.5%, when compared to the previous month’s July, 2019. On [Y-o-Y] basis, PPI of August,2019 showed a decrease  of 16.5% when compared to the PPI of August,2018. Graph (4) shows the monthly of PPI and rate of change during August,2018 to August,2019, also table (1) includes the PPI of August,2019 with monthly and yearly comparisons.

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