Qatar machinery and equipment index edges up in H2, 2018

Qatar machinery and equipment index edges up in H2, 2018

Doha

Qatar saw 1% year-on-year (y-o-y) extension in machinery and equipment index (MEPI) amid in the second half (H2) of 2018 on the back of more expensive rates for medical appliances, radio and TV and office bookkeeping and processing machinery, as indicated to official figures.

The MEPI, a short-term indicator that is calculated semi-annually, grew 1.1% when compared to that in the first half (H1) of 2018, the Planning and Statistics Authority (PSA) said.

The MEPI – with 2012 as the base year – is utilized by national records as a deflator to calculate the constant value appraisals of purchases on conclusive interest from machinery and equipment and in calculating the capital development gauges.

Under the pointer; office, accounting and computing machinery group carries the maximum weight of 41.45%; followed by transport equipment (28.34%), special purpose machines (22.78%) and machinery and electrical appliances (7.43%).

The index of radio, TV and communication equipment and apparatus expanded 3.8% year-on-year and 4.4% against the first half (H1) of 2018.

The list of therapeutic machines, exactness and optical instruments, watches and clocks registered 3.3% development on yearly premise and against H1 2018 respectively.

The index of office, accounting and computing machinery soared off 2.9% year-on-year and 2.4% against the H1 of 2018.

The transport equipment index grew 0.6% compared to H2, 2017 and 0.8% against the first half 2018; and that of special-purpose machines was up 0.2% and 0.5% respectively.

The list of musical instruments plunged 4.2% year-on-year and 3.6% compared to H1, 2018; and in the case of metal apparatuses and devices, it was 4.1% and 3.8% respectively and it was 2% each on case of broadly useful machines.

The index of machinery and electrical appliances demonstrated a 0.5% decrease year-on-year; whereas it registered 0.4% jump compared to the first half of 2018.