INDEX PRICE OF MANUFACTURING INDUSTRY PRODUCTS IN DUBAI FALLS BY 0.21% IN Q3-2018
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The index price of manufacturing products for Q3-2018 fell by 0.21%, compared with figures of Q2 of the same year, though it jumped by 8.73% compared the Q3-2017.
Movement of manufacturing product prices in Q3-2018 compared to those of Q2-2018
The general index price of manufacturing products fell by 0.21 in Q3-2018 compared the prices of the preceding quarter, a decline that is blamed on an 8.18% price drop of base metals, bringing down the industrial product general price by 1.10 points.
Prices of other products also fell including beverages (1.38%), manufactured product (1.19%), leather and relevant products (1.14%), recorded media printing and copying (1.11%), food products (0.83%), machine and equipment installation and maintenance (0.54%), paper and paper products (0.51%), wood and cork, other than furniture, (0.23%) and uncategorized machines and equipment (0.18%).
Prices of automobiles, trailers and semi-trailers fell by 0.27%, tobacco products (0.23%), formed metalwork, other than machine and equipment (0.01%) and non-metallic products (0.01%).
Prices are steady for basic pharmaceuticals, textile and clothes.
Trends of prices of manufactured products in Q3-2018 compared to prices of Q3-2017
The general index price of the manufactured products rose by 8.72% in Q3-2018, compared to prices of Q3-2017. The rise comes because of increasing prices of refined oil products by 39.63%, which pushed up the general index price of industrial products by 7.19 points. Base metals also rose by 7.9, contributing to a rise of industrial product price by 0.98 points.
Other manufacturing products rose by 5.25%, electric equipment (4.91%), tobacco products (3.52%), non-metallic products (3.26%), rubber and plastics (2.24%), chemicals (2.06%), printing and recorded media copying (2.0%), wood and cork, other than furniture (1.86%) leather and relevant products (1.76%), uncategorized machines and equipment (1.58%), furniture (1.27%), beverages (1.03) and automobiles, trailers and semi-trailers (0.93%).
Prices of some industries fell in Q3-2018 compared to prices of Q3-2017, including foodstuff (3.22%), machine and equipment installation and maintenance (2.71%), paper and paper produces (1.55%), formed metallic products, other than machines and equipment (0.83%), computers and electronic and optical products (0.37%).
Prices remained stable for pharmaceuticals, textile and garments in Q3-2018 compared to their prices in Q3-2017.