Abu Dhabi’s manufacturing industries producer price index (PPI) increased by 1.9 per cent from 76.3 per cent in the first quarter, to 77.7 per cent compared to the fourth quarter of 2019, according to figures released by Statistics Centre – Abu Dhabi (SCAD).
The latest PPI covers the manufacturing sector and its design is based on the main list of products of the industrial manufacturing activities in the International Standard Industrial Classification-revision 4, ISIC4, which covers all manufacturing economic activities.
According to SCAD, the PPI in the first quarter however fell by 0.5 per cent when compared to the same period in 2019, down from 78.2 per cent to 77.7 per cent this year.
Comparing the figures of the first quarter of 2020 with the fourth quarter 2019, the activity of ‘Manufacture of coke and refined petroleum products’ for which prices increased by 5.4 per cent, contributed 80.8 per cent to the overall change.
In addition, the activity ‘Manufacture of chemicals and chemical products’ contributed 15.1 per cent to the overall change, for which prices increased by 2.7 per cent, said the SCAD report.
Prices of the ‘Manufacture of electrical equipment’ group decreased by 6.5 per cent during the first quarter of 2020 compared to the fourth quarter of 2019, and contributed 15.1 per cent in reducing the overall increase, it added.-TradeArabia News Service