4.7% the average decrease of the producer’s prices index for October 2019

4.7% the average decrease of the producer’s prices index for October 2019

The monthly report issued by the Department of Statistics indicates a decrease in the producer’s prices index for October 2019 to reach 118.7 against 124.6 for the same month of 2018 recorded a decrease by 4.7%. This mainly was a result of a decrease in the price of the manufacturing Industries by 4.42 percentage points with a relative importance of 86.0% and the price of quarrying production by 0.56 percentage points with a relative importance of 8.2% .Meanwhile, there was an increase in the price of electricity production by 0.29 percentage points with a relative importance of 5.8%.
The report indicates an increase in the producer’s prices index for October 2019 to reach 118.7 against 118.2 compared with the previous month (September) of 2019 leading an increase by 0.4%. This has resulted mainly from an increase in the price of the manufacturing Industries by 0.20 percentage points with a relative importance of 86.0% , quarrying production by 0.20 percentage points with a relative importance of 8.2% and the price of electricity production by 0.02 percentage points with a relative importance of 5.8%.
During the first ten months of 2019 we notice that, there was a decrease in the producer’s prices index to reach 119.85 against 120.86 for the same period of 2018 to record a decrease by 0.8%.This mainly has resulted from a decrease in the price of manufacturing production by 1.46 percentage points with a relative importance of 86.0% and the price of electricity production by 0.12 percentage points with a relative importance of 5.8%.

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