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The PPI for Q3, 2011 stood at 165.0 (2006=100) showing a rise of 0.6% when compared to the PPI of the second quarter, 2011. This increase of PPI of Q3, 2011 was 43.5% when compared to the PPI of Q3, 2010.
The increase of 0.6% in PPI of Q3 2011 over the previous quarter Q2, 2011 is primarily the combined result of higher prices recorded in Mining: 1.5% , electricity and water: 0.9% and a decline of 3.2% in the manufacturing sector. The increase of 43.5% in the year-on-year comparison (Q3, 2011 over Q3, 2010) can be attributed to increases in Mining 47.3% and in Manufacturing 33.0%.
More details on the changes at product group level is given below:
In Mining, the 1.5% rise in PPI of Q3, 2011 over Q2, 2011, is mainly explained by higher prices in Natural gas based on overall prices reported by the source agencies at 12.0% and a price decrease of the following: condensate produced by oil extraction (3.6%); condensate produced by gas extraction (3.3%); and crude oil (2.7%).
Comparing the PPI of Q3 2011 to the corresponding quarter of 2010, the increase of 47.3% is mainly due to the price hike of Crude oil: 46.8%, Natural gas: 47.9%, condensate produced by the oil extraction: 43.6%, and condensate produced by the gas extraction: 47.8%.
Electricity & water group PPI of Q3, 2011 showed a marginal increase of 0.9% when compared to PPI of Q2, 2011 and 0.1% when compared to PPI of Q3, 2010.
Manufacturing group PPI decreased by 3.2% in Q3, 2011 when compared to the index of Q2, 2011. While the prices of refined petroleum products and basic chemicals products decreased by 4.4%; and cement and glass products by 0.5%, price hikes were reported in the metal products group by 6.4%; and in beverages group by 2.2%.
Comparing the position of Manufacturing group PPI of Q3, 2011 to the corresponding index of Q3, 2010, the increase was 33.0%. While refined petroleum products prices went up by 42.7% and basic chemicals by 37.4%; the producer price of cement and glass products maintained a decline at 5.9%.
This data and other statistical data and indicators are available on QALM: www.qix.gov.qa
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