9.1% the average increase of Industrial Producer’s prices during Sep 2018

9.1% the average increase of Industrial Producer’s prices during Sep 2018

The monthly report issued by the Department of Statistics indicates an increase in the General Industrial price index for September 2018 to reach 123.01 against 112.80 for the same month of 2017 recorded a growth by 9.1% compared with the same month of 2017. This mainly was a result of an increase in the production quantities of the manufacturing Industries by 8.07 percentage points with a relative importance of 86.0% and the quantities of quarrying production by 1.10 percentage points with a relative importance of 8.2% .Meanwhile, there was a decrease in the quantities of electricity production by 0.12 percentage points with a relative importance of 5.8%.
On the monthly level, the report indicates an increase in the industrial price index of the industrial production for September 2018 to reach 123.01 against 122.69 compared with the previous month (Aug) of 2018 leading an increase by 0.3%. This has resulted mainly from an increase in the manufacturing Industries prices by 0.31 percentage points with a relative importance of 86.0% and the electricity prices by 0.04 percentage points with a relative importance of 5.8%. Meanwhile, there was a decrease in the quarrying industries prices by 0.09 percentage points with a relative importance of 8.2%.
Comparing the industrial prices index for 2018, it shows an increase in the industrial index number of the industrial producer for the first nine months of 2018 to reach 120.44 against 112.03 by 7.5% compared with the same period of 2017; this mainly was a result of an increase in the manufacturing Industries by 6.69 percentage points with a relative importance of 86.0% and the price index of quarrying industries by 0.95 percentage points with a relative importance of 8.2%. Meanwhile, there was a decrease in the electricity prices by 0.12 percentage points with a relative importance of 5.8%.
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