General PPI of May 2019, decreased by 2.9% when compared with previous month (M-O-M).
General PPI of May 2019, decreased by 6.1% when compared with May, 2018 (Y-O-Y).
PPI of Crude Petroleum and Natural gas production decreased by 3.3%, comparing with previous month.
Planning and Statistics Authority (PSA) has released the Monthly Producer Price Index (PPI) of the Industrial sector for May,2019 with the base year 2013. Producer price index covers goods relating to “Mining” (weight: 72.7%),
“Manufacturing” (weight: 26.8%), and “Electricity & Water” (weight: 0.5%).
Mining
The PPI of May, 2019 for this sector showed a decrease by 3.1% when compared with PPI of April 2018, primarily due to the decrease of “Crude petroleum and natural gas” prices by 3.3%. PPI of May 2019, when compared with its counterpart in previous year (May 2018), there has been a decrease of 7.4%. Graph (1) showed the monthly movement of “Mining” index during May 2018 and May 2019, while Graph (2) showed the monthly rate of change in General PPI and Mining.
Manufacturing
A decrease of 2.3% has been recorded in May 2019, when compared with the previous month’s Manufacturing index (April,2019). The prices decrease are seen in: “Refined Petroleum products” by 2.9%, “Basic Metals” by 1.9%, “Basic Chemicals" by 1.1%, “Cement and Other non-metallic products” by 0.9%, “Grain mill and Other products” by 0.3%.
However, the increasing prices are noticed in: “Rubber and Plastics products” by 2.9%, “Juices” by 2.6%, “Beverages” by 1.7%. And no change noticed in Dairy products”, "Paper and Paper products and “Other chemical products and fibers”.
Comparing with the index of counterpart in the previous year (May 2018), “Manufacturing” PPI of April, 2019 showed a decrease of 3.7%. The major groups which explain this price fall are: “Basic Metals” by 9.8%, “Basic chemicals” by 4.8%, and "Cement and Other non-metallic products” 3.9%,“Refined Petroleum products” by 2.5%, “Grain mill and Other products” by 0.2%. However, prices increased in “Other chemical products and fibers” by 10.1%, followed by "Rubber and Plastics products” by 5.0%, "Juices" by 3.3%, “Dairy products” by 2.8%, and “Beverages” by 2.7%. “Paper and Paper Products” by 2.6%,
Electricity and Water
The PPI of this group showed a decrease of 3.7% compared to April 2019, resulting from the decreasing “Electricity” by 4.5%, and “Water” by 2.7 %. When compared the PPI of May ,2019, to the PPI of May,2018 [Y-o-Y], showed an increase of 6.6%, affected by prices rise in “Water” by 11.5%, and “Electricity” by 3.0%.
Overall Index (PPI of Industrial sector)
The PPI for May,2019 is estimated at 63.6 points showing a decrease by 2.9%, when compared to the previous month’s April, 2018. On [Y-o-Y] basis, PPI of May,2019 showed a decrease of 6.1% when compared to the PPI of May,2018. Graph (4) shows the monthly of PPI and rate of change during May,2018 to May,2019, also table (1) includes the PPI of May,2019 with monthly and yearly comparisons.
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