Monthly Producer Price Index of Industrial Sector December 2018 (Base year 2013=100)

 1/29/2019


  •  General PPI of December  2018, decreased by 5.1% when compared with previous month (M-O-M).
  •     General PPI of December  2018, increased by 9.9% when compared with December  2017 (Y-O-Y).
  •  PPI of Crude Petroleum and Natural gas production decreased by 4.4%, comparing with previous month.


 
Planning and Statistics Authority (PSA) has released the Monthly Producer Price Index (PPI) of the Industrial sector for December 2018 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, 2018 for this sector showed a decrease by 4.2% when compared with PPI of November 2018, primarily due to the decrease of “Crude petroleum and natural gas” prices by 4.4%. PPI of December 2018, when compared with its counterpart in previous year (December 2017), there has been a considerable increase of 15.9%.

Manufacturing
A decrease of 7.2% has been recorded in December, 2018, when compared with the previous month’s Manufacturing index (November,2018). The prices decrease are seen in: “Refined Petroleum products” by 9.5%, “Basic Chemicals" by 3.5%, “Basic Metals” by 2.3%, “Rubber and Plastics products” by 1.1%,“Beverages” by 0.6%, and Grain mill and Other products” by 0.3%. However, the increasing  prices are noticed in: “Cement and Other non-metallic products” by 0.5%, and “Dairy products” by 0.3%.  . No change noticed in, “Juices”, "Paper and Paper products ”, and “Other chemical products and fibers”.
 


Comparing with the index of counterpart in the previous year (December 2017), “Manufacturing” PPI of December, 2018 showed a decrease of 1.3%. The major groups which explain this price fall are “Basic Metals” by 3.2%, “Refined Petroleum products” by 2.9%, "Cement and Other non-metallic products” 2.8%, “Beverages” by 1.8%, “Rubber and Plastics products” by 1.4%, and “Grain mill and Other products” by 0.3%. However, prices rise also noticed in “Other chemical products and fibers” by 12.8%, followed by “Dairy products” by 10.3%, “Paper and Paper Products” by 10.2%, "Juices" by 5.5%, and “Basic chemicals” by 5.4%.
 


Electricity and Water
The PPI of this group showed an increase of 6.6% compared to November 2018, resulting from the increasing price in “Electricity” by 10.6%, and “Water” by 1.7%. When compared the PPI of December, 2018, to the PPI of December, 2017 [Y-o-Y], showed an increase of 2.5%, affected by  prices rise in both “Electricity” and “Water” by 2.5% each.

Overall Index (PPI of Industrial sector)
The PPI for December, 2018 is estimated at 68.6 points showing a decrease by 5.1%, when compared to the previous month’s November 2018. On [Y-o-Y] basis, PPI of December, 2018 showed a rise of 9.9% when compared to the PPI of December 2017.

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