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Producer Price Index of Dubai’s Manufacturing Sector Stands at Rise by 2.70% in Q1-18

Image: DSC logo

​Image: DSC logo

The Producer Price Index (PPI) of Manufacturing Sector of Q1-2018 stood at a rise by 2.70% compared to Q4- 2017 and it hits a rise by 5.21% compared to Q1-2017, the Dubai Statistics Center (DSC) reported.

 PPI of Manufacturing Sector during Q1-2018 Compared to Q4-2017 (Quarterly Change)

The report has unveiled that PPI of Manufacturing Sector of Dubai recorded a significant rise by 2.70 per cent during Q1- 2017 compared to Q4-2017 prices. DSC's analysts attributed the realized upsurge to increase in prices of basic metal products by 10.31 per cent that pushed the PPI of Industrial Sector up by 1.28 per cent. Similarly, PPI of manufacturing industries rose by 7.40 per cent leading to a rise of 0.13 per cent. Also, prices of refined petroleum products increased by 4.97 per cent contributing to an increase in PPI of Industrial Sector by 1.02 per cent.

Furthermore, the prices of repair and installation of machinery and equipment hit a rise by 2.74 per cent, leather products and related products by 2.69 per cent, drinks by 1.44%, other nonmetallic products by 1.16 per cent, motor vehicles, trailers and semitrailers by 0.92 per cent, furniture by 0.91%, furniture by 0.91per cent, electrical equipment by 0.67 per cent, chemicals and chemical products by  0.67 per cent, printing and reproduction of recorded media by 0.63 per cent, machinery and equipment not classified elsewhere by 0.40 per cent, wood and cork products excluding furniture by 0.24 per cent, metal products excluding machinery and equipment by 0.14 per cent and food products by 0.12 per cent.

On the other hand, Certain industries recorded a decline in prices compared by Q4- 2017, including tobacco which dropped by 2.29 per cent, computers, visual and electronic products by 1.55 per cent and rubber and plastic products by 0.97 per cent

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

 

Quarterly PPI of Manufacturing Sector Q1 2018 Compared to Q1 2017 (Annual Change)

The Producer Price Index (PPI) of manufacturing sector of Q1-2018 stood at a rise by 5.21% compared to Q1-2017, the Dubai Statistics Center (DSC) reported.

DSC's analysts attributed the realized upsurge to increase in prices of basic metal products by 18.52 per cent that pushed the PPI of Industrial Sector up by 2.19 per cent. Similarly, prices of refined petroleum products increased by 12.66 per cent that pushed the Industrial Sector Producer Price Index up by 2.47 per cent. Indeed, the outputs of refined petroleum products activity are important and vital input for the majority of the economic activities in Dubai which in turn has a significant impact over the costs of other activities considering proportions of their inputs of petroleum products.

Furthermore, the prices of other manufacturing industries rose by 10.05 per cent, electrical equipment by 5.57 per cent, other nonmetallic products by 4.45 per cent, machinery and equipment not classified elsewhere by 4.06 per cent, motor vehicles, trailers and semitrailers by 4.01per cent, leather and related products by 3.87 per cent, drinks by 2.63 per cent, chemicals and chemical products by 1.96 per cent, wood and cork products excluding furniture by 1.53 per cent, metal products excluding machinery and equipment by 1.17 per cent, rubber and plastic products by 1.13 per cent and furniture by 0.14 per cent.

In contrast, certain industries recorded a decline in prices in Q1- 2018 compared to Q1- 2017, including clothes by 5.95 per cent. Food products by 5.59 per cent, computers, visual and electronic products by 3.09 per cent, tobacco by 3.09 per cent, printing and reproduction of recorded media by 0.96 per cent, repair and installation of machinery and equipment by 0.29 per cent and paper and paper products by 0.04 per cent.

On the other hand, prices of basic pharmaceuticals and their preparations and textiles remained stable during Q1- 2018 compared to Q1- 2017.

 

 

 

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