Qatar's Industrial Production Index Rises by 6% in July 2024: Key Insights
Monday, 16 September 2024, 03:47
DOHA: Qatar's industrial production index (IPI) recorded 103.2 points in July 2024, an increase by 6 percent compared to the previous month (June 2024). However, there was a decrease in certain sectors which will be analyzed below.
Factors Influencing the Rise
- Increased Oil Production
- Boost in Manufacturing Outputs
- Enhanced Exports
Industry Contributions
- Oil and Gas: The primary driver of the rise underpinned by production increases.
- Construction: Steady growth observed as infrastructure projects ramp up.
Overall, this rise indicates a resilient economic environment, despite some challenges.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.