​

 General PPI of June  2019, decreased by 2.4% when compared with previous month (M-O-M).
 General PPI of June  2019, decreased by 11.8% when compared with June,2018 (Y-O-Y).
 PPI of Crude Petroleum and Natural gas production decreased by 2.9%, comparing with previous month.

Planning and Statistics Authority (PSA) has released the Monthly Producer Price Index (PPI) of the Industrial sector for June,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 June, 2019 for this sector showed a decrease by 2.9 % when compared with PPI of May  2019, primarily due to the decrease of “Crude petroleum and natural gas” prices by 2.9%. PPI of June  2019, when compared with its counterpart in previous year (June 2018), there has been a decrease of 13.2%. Graph (1) showed the monthly movement of “Mining” index during June  2018 and June  2019 .

Manufacturing
A decrease of 0.9 % has been recorded in June  2019, when compared with the previous month’s Manufacturing index (May,2019). The prices decrease are seen in: “Basic Chemicals" by 3.4%, “Cement and Other non-metallic products” by 0.9%, “Refined Petroleum products” by 0.8%,  “Beverages”, and “Other chemical products and fibers” by 0.5% for each, “Grain mill and Other products” by 0.1%. However, the increasing prices are noticed in: “Rubber and Plastics products”  by 1.6 %, “Basic Metals” by 1.1%  , "Paper and Paper products ” by 1.0%. No change are noticed  in “Juices” and  “Dairy products”.

Comparing with the index of counterpart in the previous year (June 2018), “Manufacturing” PPI of June, 2019 showed a decrease of  8.7%. The major groups which explain this price fall are: “Basic Chemicals” by 9.8%, “Refined Petroleum products” by 9.3%,  “Basic Metals” by 7.5%, and  "Cement and Other non-metallic products” by 5.4%. However, prices increased in "Rubber and Plastics products” by 5.3%,  followed by “Other chemical products and fibers” by 4.8%, "Juices" by 3.3%,  “Dairy products” by 3.1%,  “Paper and Paper Products” by 2.6%, and “Beverages” by 2.3% , “Grain mill and Other products” by 0.1%.

Electricity and Water
The PPI of this group showed a decrease of 4.6% compared to May 2019, resulting from the decreasing price in “Electricity” by 6.3%, and “Water” by 2.5 %. When compared the PPI of  June ,2019, to the PPI of June,2018  [Y-o-Y], showed a decrease of 1.4%, affected by  prices fall in “Water” by 7.2%, and a rise in “Electricity”  by 3.9%.

Overall Index (PPI of Industrial sector)
The PPI for June,2019 is estimated at 62.1 points showing a decrease by 2.4%, when compared to the previous month’s May, 2019. On [Y-o-Y] basis, PPI of June,2019 showed a decrease  of 11.8% when compared to the PPI of June,2018.

For more information click here