Wednesday 22 May 2019

Abu Dhabi industrial producer price index up 13.4pc

ABU DHABI, September 26, 2018

The Industrial Producer Price Index related to manufacturing in Abu Dhabi rose by 80.6 per cent during the second quarter 2018, a 13.4 per cent increase compared to 71 per cent during the same period in 2017, a media report said.

The index rose 4.2 per cent compared to the first quarter of the current year, reported Emirates news agency Wam, citing statistics issued by Abu Dhabi Statistics Centre

The key activities that contributed to the increase are the production of coke coal and refined oil products, whose prices rose by 29 per cent, and chemical materials and products that increased by 29.2 per cent.

The information used in the statistics was obtained from 52 establishments in Abu Dhabi and 13 in Al Ain.

The index covers the manufacturing sector on a quarterly basis while the statistics are based on a list of major products in the manufacturing industry, according to an international industrial classification that represents all areas of the sector.

The statistics aim to measure changes in production prices over a certain period compared to those during the base year of 2012. The centre is following the best international practices in calculating and processing information while the index will eventually include extractive industries and the electricity and water sectors.

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