Doha, Qatar — Qatar’s Industrial Production Index (IPI) hit 103 points in Jan 2023, rising by 3.5 percent compared to Dec. 2022, but decreased by 2.1 percent when compared to the corresponding month in 2022.
Issued by the Planning and Statistics Authority, the IPI is a short-term quantitative index that measures the growth of various industrial sectors in economy.
The key performing sectors under the index were mining (82.46 percent), manufacturing (15.85 percent), electricity (1.16 percent) and water (0.53 percent).
According to data, the index of the mining sector showed an increase by 4.1 percent compared to the previous month because of the decrease in the quantities of crude oil and natural gas with the same percentage, while other mining and quarrying activities increased by 1.7 percent. When compared to the corresponding month of the previous year (January 2022), the IPI of mining decreased by 3.3 percent, QNA reported.
In manufacturing, the index of this sector showed an increase by 2.4 percent compared to the previous month. Manufacture of chemicals and chemical products increased by 3.3 percent, followed by refined petroleum products (3.1 percent), manufacture of basic metals (2.5 percent) and printing and reproduction of recorded media (0.6 percent).
