​ General PPI of December 2019, increased by 3.1% when compared with previous month (M-O-M).
 General PPI of December 2019, decreased by 6.6% when compared with December 2018 (Y-O-Y).
 PPI of Crude Petroleum and Natural gas production increased by 3.1%, comparing with previous month.​

 
Planning and Statistics Authority (PSA) has released the Monthly Producer Price Index (PPI) of the Industrial sector for December 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 December 2019 for this sector showed an increase by 3.1 % when compared with PPI of November 2019, primarily due to the prices increase of “Crude petroleum and natural gas” by 3.1%. PPI of December 2019, when compared with its counterpart in previous year (December 2018), there has been a decrease of 7.5%. Graph (1) showed the monthly movement of “Mining” index during December 2018 and December 2019,

Manufacturing
 An increase of 2.8% has been recorded in December 2019, when compared with the previous month’s Manufacturing index (November,2019). The prices increase are seen in: Basic Chemicals" by 8.3%, followed  by “Refined Petroleum products” by 2.5%, "Paper and Paper products” by 1.0%, “Beverages” by 0.6%. However, the decreasing prices are noticed in: “Basic Metals” by 2.3%, each of “Grain mill and Other products”, “Rubber and Plastics products”, and “Cement and Other non-metallic products” are decreased by 0.2%. No changes noticed in “Juices”, “Dairy products”, and “Other chemical products and fibers”.
  
Comparing with the index of counterpart in the previous year (December 2018), “Manufacturing” PPI of December 2019 showed a decrease of 4.7%. The major groups which explain this price fall are: “Basic Metals” by 12.5%, “Basic chemicals” by 7.5%, “Refined Petroleum products” by 3.0%, "Cement and Other non-metallic products” 2.6%, “Other chemical products and fibers” by 0.2%, and “Dairy products” by 0.1%. However, prices increased in “Paper and Paper Products” by 3.6 %, followed by "Juices" by 3.2%, “Beverages” by 1.8%, and "Rubber and Plastics products” by 1.6%. No changes noticed in “Grain mill and Other products”.  

Electricity and Water
The PPI of this group showed an increase of 9.7% compared to November, 2019, resulting from the increasing in “Electricity” by 13.4%, and “Water” by 4.7%. When compared the PPI of December, 2019, to the PPI of December, 2018 [Y-o-Y], showed an increase of 3.9%, affected by prices rise in “Water” by 5.0%, and “Electricity” by 3.0%.

Overall Index (PPI of Industrial sector)
The PPI for December 2019 is estimated at 64.1 points showing an increase by 3.1%, when compared to the previous month’s November, 2019. On [Y-o-Y] basis, PPI of December,2019 showed a decrease of 6.6% when compared to the PPI of December,2018.

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