QNA
doha
Qatar’s Industrial Production Index (IPI) reached 96.1 points in June 2024, reflecting a 2.5 percent increase compared to May 2024 but a 7.5 percent drop year-over-year, according to the National Planning Council.
The IPI measures growth across key industrial sectors, with the mining and quarrying sector holding a dominant 82.46 percent weight in the index. In June 2024, the sector grew by 4 percent month-over-month due to a rise in crude oil and natural gas production.
However, “Other mining and quarrying” activities fell by 5.1 percent. Year-over-year, the sector saw an 8.3 percent decline, driven by reduced output in both crude oil and gas as well as other quarrying activities, which fell by 11.2 percent.
The manufacturing sector, which contributes 15.85 percent to the index, saw a 5.7 percent decline compared to May 2024. Significant decreases were observed in the production of basic metals (-10.3 percent), cement and non-metallic minerals (-8.7 percent), and refined petroleum products (-5.0 percent). On a yearly basis, manufacturing dropped by 5.1 percent, largely due to a steep 22.8 percent decline in basic metals production. However, there were small gains in food production (up 1.6 percent), while beverage production remained steady.
The electricity and gas supply sector, which represents 1.16 percent of the index, recorded a strong monthly growth of 18.6 percent in June 2024 and an annual increase of 14.2 percent. Conversely, the water supply sector, with a weight of 0.53 percent, declined by 4.3 percent month-over-month and 5.3 percent year-over-year.
Overall, Qatar’s industrial output exhibited mixed performance in June, with gains in mining and electricity offset by declines in manufacturing and water supply.
