Qatar's PPI quickens to 2.6% q/q in Q4 2013

By bne IntelliNews March 11, 2014

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.

Related Articles

Survival of Iran nuclear deal appears far less likely under US Secretary of State Mike Pompeo

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

Billion-dollar petrochemical facility to be built in Turkey by Algeria's Sonatrach

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

Romania’s Hidroconstructia starts overseas push with $115mn Jordan contract

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