Sign In

Press Release Monthly Producer Price Index of Industrial Sector March 2023 (Base year 2018=100)

5/31/2023
 
  • General PPI of March 2023 decreased by 2.56% when compared with previous month (M-O-M).
  • General PPI of March 2023 decreased by 16.88% when compared with March 2022 (Y-O-Y).
  • PPI of Crude Petroleum and Natural gas production decreased by 2.94%, compared with February 2023.

Planning and Statistics Authority (PSA) has released the new Monthly Producer Price Index (PPI) of the Industrial sector for March 2023, which calculated based on 2018 where the details of relative importance and prices for the base year of 2018 are used, Therefor the relatives of the main four industry sectors become as follow: “Mining” (weight: 82.46%), “Manufacturing” (weight: 15.85%), “Electricity” (weight: 1.15%), and “Water” (weight: 0.52%). 

The PPI for March 2023 is estimated at 121.95 points showing a decrease of 2.56%, when compared to the previous month’s February 2023. On [Y-o-Y] basis, PPI of March 2023 showed a decrease of 16.88%, when compared to the PPI of March 2022. 

 Mining and Quarrying:
The PPI of March 2023 for this sector showed a decrease by 2.94% when compared with PPI of February 2023, primarily due to the price decrease on “Crude petroleum and natural gas” by 2.94%, while no change noticed in “Other mining and quarrying”. PPI of Mining of March 2023, when compared with its counterpart in previous year (March 2022), there was a decrease of 16.30%. 


Manufacturing:
 A decrease of 0.76% has been recorded in March 2023, when compared with the previous month’s Manufacturing index (February 2023). The prices decrease is seen in: “Refined petroleum products” by 2.39%, followed “Chemicals and chemical products” by 0.95%, “Food products” by 0.34%, “Cement & other non-metallic mineral products” by 0.29%, and “Beverages” by 0.05%. The increasing prices are noticed in “Rubber and plastics products” by 2.76%, “Basic metals” by 1.62%, and no change noticed in “Printing and reproduction of recorded media” in March 2023.
 
Comparing with the index of counterpart in the previous year (March 2022), “Manufacturing” PPI of March 2023 showed a decrease of 22.03%. The major groups which explain this price decrease are: “chemicals and chemical products” by 28.58%, followed by “Refined Petroleum products” by 18.58%, and “Basic metals” by 12.93%. However, the increasing prices are noticed in: “Food products” by 5.52%, “Rubber and Plastics products” by 4.70%, “Printing and reproduction of recorded media” by 2.88%, followed by “Beverages” by 1.20%, and “Cement & other non-metallic mineral products” by 0.49%. Graph (4) shows the index of “Manufacturing” from March 2022 to March 2023. 


Electricity, gas, steam and air conditioning supply:
The PPI of this group showed an increase of 1.02% compared to February 2023. When compared the PPI of March 2023, to the PPI of March 2022 [Y-o-Y], showed an increase of 11.76%. 

Water supply:
The PPI of this group showed a decrease of 1.78% compared to February 2023. When compared the PPI of March 2023, to the PPI of March 2022 [Y-o-Y], showed an increase of 8.64%. 



For more information click here​