Production Price Index Up 0.7% in March (HCP)

Production Price Index Up 0.7% in March (HCP)
Friday 30 April 2021 - 11:18

The production Price Index of the manufacturing industries excluding petroleum refinery recorded an increase of 0.7% during March compared to the previous month, according to the High Commission for Planning (HCP).

This increase is due to a rise in metallurgy (3.4%), chemical industry (2.5%), food industry, rubber and plastic products manufacturing (0.8%), and computer, electronic and optical products manufacturing (0.1%), the HCP highlighted in its latest information note on the industrial, energy, and mining production Price Index.

Additionally, it is the result of a decrease in prices of the clothing industry (0.6%) and electrical equipment manufacturing (0.1%), it said.

Index prices for production in mining and quarrying, electricity production and distribution, and water production and distribution remained stable during March 2021.

 

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