General PPI of April 2019, decreased by 0.3% when compared with previous month (M-O-M).
General PPI of April 2019, decreased by 3.1% when compared with April,2018 (Y-O-Y).
PPI of Crude Petroleum and Natural gas production decreased by 2.1%, comparing with previous month.
The Planning and Statistics Authority (PSA) has released the Monthly Producer Price Index (PPI) of the Industrial sector for April,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 April, 2019 for this sector showed a decrease by 2.3% when compared with PPI of March 2018, primarily due to the decrease of “Crude petroleum and natural gas” prices by 2.1%. PPI of April 2019, when compared with its counterpart in previous year (April 2018), there has been a decrease of 3.9%. Graph (1) showed the monthly movement of “Mining” index during April 2018 and April 2019, while Graph (2) showed the monthly rate of change in General PPI and Mining.
Manufacturing
An increase of 3.8% has been recorded in April 2019, when compared with the previous month’s Manufacturing index (March,2019). The prices increase are seen in: “Refined Petroleum products” by 5.9%, “Rubber and Plastics products” by 3.0%, “Basic Metals” by 2.7%, “Grain mill and Other products” by 0.3%. However, the decreasing prices are noticed in: “Basic Chemicals" by 1.2%, “Cement and Other non-metallic products” by 0.6%, and “Beverages” by 0.3%. No change noticed in the groups of “Dairy products”, “Juices”, "Paper and Paper products ”, and “Other chemical products and fibers”.
Comparing with the index of counterpart in the previous year (April 2018), “Manufacturing” PPI of April, 2019 showed a decrease of 1.5%. The major groups which explain this price fall are: “Basic Metals” by 10.1%, “Basic chemicals” by 4.5%, and "Cement and Other non-metallic products” by 4.2%. However, prices increased in “Other chemical products and fibers” by 8.3%, followed by "Juices" by 4.4%, "Rubber and Plastics products” by 2.7%, “Dairy products” by 1.8%, “Paper and Paper Products” by 1.6%, “Refined Petroleum products” by 0.8%, and “Beverages” by 0.4%. No change noticed in “Grain mill and Other products”.
Electricity and Water
The PPI of this group showed a decrease of 1.6% compared to March 2019, resulting from the decreasing “Electricity” by 5.7%, and the increasing price in “Water” by 4.6 %. When compared the PPI of April ,2019, to the PPI of April,2018 [Y-o-Y], showed an increase of 10.3%, affected by prices rise in both “Water” and “Electricity” by 18.0% and 4.9% respectively.
Overall Index (PPI of Industrial sector)
The PPI for April,2019 is estimated at 65.5 points showing a decrease by 0.3%, when compared to the previous month’s March, 2018. On [Y-o-Y] basis, PPI of April,2019 showed a decrease of 3.1% when compared to the PPI of April,2018. Graph (4) shows the monthly of PPI and rate of change during April,2018 to April,2019, also table (1) includes the PPI of April,2019 with monthly and yearly comparisons.
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