Monthly Producer Price Index of Industrial Sector February 2019 (Base year 2013=100)

3/31/2019

  • General PPI of February  2019, increased by 2.0% when compared with previous month (M-O-M).
  • General PPI of February  2019, increased by 1.4% when compared with February  2018 (Y-O-Y).
  •  PPI of Crude Petroleum and Natural gas production increased by 3.4%, comparing with previous month.
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Planning and Statistics Authority (PSA) has released the Monthly Producer Price Index (PPI) of the Industrial sector for February ,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 February, 2019 for this sector showed an increase by 3.2% when compared with PPI of January 2019, primarily due to the increase of “Crude petroleum and natural gas” prices by 3.4%. PPI of February 2019, when compared with its counterpart in previous year (February 2018), there has been an increase of 5.4%. Graph (1) showed the monthly movement of “Mining” index during February 2019 and February 2018 .

Manufacturing
A decrease of 0.8% has been recorded in February 2019, when compared with the previous month’s Manufacturing index (January,2019). The prices decrease are seen in: “Basic Metals” by 1.6%, “Refined Petroleum products” by 0.9%, “Basic Chemicals" by 0.7%, “Other chemical products and fibers” by 0.3%, “Rubber and Plastics products”  by 0.1%.
 However, the increasing prices are noticed in: “Beverages” by 2.5%, Grain mill and Other products” by 0.3%. No change noticed in “Juices”, “Dairy products”, "Paper and Paper products”, “Cement and Other non-metallic products”.
 


Comparing with the index of counterpart in the previous year (February 2018), “Manufacturing” PPI of February, 2019 showed a decrease of 7.5%. The major groups which explain this price fall are: “Basic Metals” by 10.6%, “Refined Petroleum products” by 8.2%, “Basic chemicals” by 5.7%, "Cement and Other non-metallic products” 4.0%.
 However, prices rise also noticed in “Other chemical products and fibers” by 11.6%, followed by “Paper and Paper Products” by 10.0%, “Dairy products” by 9.3%, "Juices" by 5.2%,“Beverages” by 0.8%, "Rubber and Plastics products” by 0.6% , and “Grain mill and Other products” by 0.2%.


Electricity and Water
The PPI of this group showed an increase of 1.7% compared to January 2019, resulting from the increasing price in “Electricity” by 2.9%, and “Water” by 0.1%. When compared the PPI of February,2019, to the PPI of February,2018  [Y-o-Y], showed an increase of 6.9%, affected by  prices rise in “Water” by 11.8%, and “Electricity”  by 3.9%.

Overall Index (PPI of Industrial sector)
The PPI for February,2019 is estimated at 67.0 points showing an increase by 2.0%, when compared to the previous month’s January, 2019. On [Y-o-Y] basis, PPI of February,2019 showed an increase  of 1.4% when compared to the PPI of February,2018.

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