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Producer Price Index of Dubai’s Manufacturing Sector Stands at Rise by 2.25% in Q2-18

​Image: DSC logo

​Image: DSC logo

 

The Producer Price Index (PPI) of Manufacturing Sector of Q2-2018 stood at a rise by 2.25% compared to Q1- 2018 and it hits a rise by 9.45% compared to Q2-2017, the Dubai Statistics Center (DSC) reported.

 

PPI of Manufacturing Sector during Q2-2018 Compared to Q1-2018 (Quarterly Change)

The report has unveiled that PPI of Manufacturing Sector of Dubai recorded a significant rise by 2.25 per cent during Q2- 2018 compared to Q1-2018 prices. DSC's analysts attributed the realized upsurge to increase in prices of refined petroleum products by 9.14 per cent that pushed the PPI of Industrial Sector up by 1.91 per cent. Similarly, PPI of basic metal products rose by 3.26 per cent leading to a rise of 0.43 per cent.  

Furthermore, the prices of tobacco hit a rise by 2.96 per cent, rubber and plastic products by 2.38 per cent, computers, visual and electronic products by 2.15 per cent, other nonmetallic products by 2.01 per cent, printing and reproduction of recorded media by 1.91 per cent, machinery and equipment not classified elsewhere by 0.70 per cent, chemicals and chemical products by 0.37 per cent and wood and cork products excluding furniture by 0.02 per cent

In contrast, certain industries recorded a decline in prices compared to Q1- 2018, including repair and installation of machinery and equipment which dropped by 3.52 per cent, food products by 2.24 per cent, leather products and related products by 1.96 per cent, drinks by 1.26%, electrical equipment by 0.75 per cent, metal products excluding machinery and equipment by 0.45 per cent, furniture by 0.45 per cent, motor vehicles, trailers and semitrailers by 0.21 per cent, other manufacturing industries by 0.21 per cent and paper and paper products by 0.13 per cent.

Noteworthy, prices of basic pharmaceuticals and their preparations and textiles and clothes remained stable at their earlier levels.

 

Quarterly PPI of Manufacturing Sector Q2 2018 Compared to Q2 2017 (Annual Change)

The Producer Price Index (PPI) of manufacturing sector of Q2-2018 stood at a rise by 9.45% compared to Q2-2017, the Dubai Statistics Center (DSC) reported.  

DSC's analysts attributed the realized upsurge to increase in prices of refined petroleum products by 38.08 per cent that pushed the PPI of Industrial Sector up by 6.72 per cent. Similarly, prices of basic metal products increased by 18.05 per cent that pushed the Industrial Sector Producer Price Index up by 2.25 per cent.

Furthermore, the prices of electrical equipment increased by 8.52 per cent, other manufacturing industries rose by 6.22 per cent, other nonmetallic products by 4.51 per cent, machinery and equipment not classified elsewhere by 3.34 per cent, , leather and related products by 2.87 per cent, rubber and plastic products by 2.29 per cent, drinks by 1.88 per cent, tobacco products by 1.77 per cent, chemicals and chemical products by 1.72 per cent, motor vehicles, trailers and semitrailers by 1.13 per cent, printing and reproduction of recorded media by 0.77 per cent and metal products excluding machinery and equipment by 0.68 per cent

On the other hand, certain industries recorded a decline in prices in Q2- 2018 compared to Q2- 2017, including food products by 6.56 percent, repair and installation of machinery and equipment by 3.89 per cent, computers, visual and electronic products by 1.20 per cent, paper and paper products by 1.13 per cent, clothes by 0.73 per cent, wood and cork products excluding furniture by 0.54 per cent and furniture by 0.17 per cent.

Prices of basic pharmaceuticals and their preparations and textiles remained stable during Q2- 2018 compared to Q2- 2017.

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