A substantial expansion in extraction of crude petroleum and natural gas as well as increase in certain manufacturing items led Qatar’s industrial production to jump 10.4% month-on-month in December 2020, as the country substantially lifted the Covid-19 related restrictions.
The country’s Industrial Production Index (IPI) however declined 5.7% year-on-year in December 2020, according to the Planning and Statistics Authority (PSA).
The PSA introduced IPI, a short-term quantitative index that measures the changes in the volume of production of a selected basket of industrial products over a given period with respect to a base period 2013.
The mining and quarrying index, which has a relative weight of 83.6%, saw a 12% surge month-on-month on account of 12% increase in the extraction of crude petroleum and natural gas and 3.8% surge in other mining and quarrying sectors.
On a yearly basis, the index showed 6.3% shrinkage owing to 6.3% decline in the extraction of crude petroleum and natural gas, but showed a 9.2% jump in other mining and quarrying sectors.
