Qatar's producer price index (PPI) rose 2.6% q/q in the fourth quarter of 2013, speeding up from a 1.4% q/q growth in Q3 on higher mining, utilities and manufacturing prices, according to data by the Qatar Statistics Authority. In yearly terms, the PPI rose 1.6% y/y, the same as in Q3.
Producer prices in the mining and quarrying sector (77% of the index) rose 1.6% q/q and 1.4% y/y in Q4, lifted by a 1.6% q/q growth in crude oil and natural gas charges and a 0.7% q/q expansion in the charges of stone, sand and clay.
The manufacturing sector's PPI (21% of the basket) increased 7.0% q/q in Q4, pushed up by higher prices of basic chemicals (up 4.9%), refined petroleum products (up 9.1%) and base metals (up 3.7%).
Meanwhile, utility prices rose 2.7% q/q in Q4, reversing a 0.7% decline a quarter earlier.
The odds on the Trump administration attempting to kill the Iran nuclear deal substantially shortened on March 13 with the firing-by-tweet of US Secretary of State Rex Tillerson and his replacement ... more
Algerian national energy company Sonatrach has struck a deal with Turkey's Ronesans and Bayegan to build a petrochemical plant worth $1bn in Turkey, Turkish President Recep Tayyip Erdogan said on ... more
Romanian civil engineering company Hidroconstructia has won a $115mn contract with Jordan’s Arab Potash Company, the world’s eighth largest potash producer. Hidroconstructia was founded in ... more