4.1% the average increase of Industrial Producer’s prices during November 2017

4.1% the average increase of Industrial Producer’s prices during November 2017

The monthly report issued by the Department of Statistics indicates an increase in the General Industrial price index for Nov 2017 to reach 114.72 against 110.22 for the same month of 2016 recorded a growth by 4.1% compared with the same month of 2016. This mainly was a result of an increase in the production quantities of the manufacturing Industries by 4.8% with a relative importance of 86.0%, this sector had contributed by 4.13  percentage points, the quantities of quarrying production by 1.4% with a relative importance of 8.2% representing an increase of 0.11 percentage points. Meanwhile, there was a decrease in the quantities of electricity production by 2.9% with a relative importance of 5.8% representing a decrease of  0.16 percentage points.

On the monthly level, the report indicates an increase in the  industrial price index of the industrial production for Nov 2017 to reach 114.72 against 114.02 compared with the previous month (Oct) of the same year leading an increase by 0.6%. This has resulted mainly from an increase in the manufacturing Industries prices by 0.8% with a relative importance of 86.0% representing an increase of 0.64 percentage points and electricity prices by 1.2% with a relative importance of 5.8% representing an increase of 0.07 percentage points. Meanwhile, there was a decrease in the quarrying industries prices by 1.2%. with a relative importance of 8.2% representing a decrease of 0.09 percentage points .

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