The general producer price index for the manufacturing sector for the second quarter of this year 2020 recorded a decrease of 5.86 percent compared to the first quarter of the year, and a decrease of 8.23 percent compared to the second quarter of the last year 2019.
The report – issued by the Dubai Statistics Center today – attributed the decline in the general index of producer prices for the manufacturing sector by 5.86 percent during the second quarter of 2020 of this year compared to the prices of the first quarter of the year to a decrease in the prices of both refined petroleum products by 41.72 percent and base metals by 10.46 percent and rubber and plastics products by 3.70 percent, formed metal products excluding machinery and equipment by 2.28 percent, leather, and related products by 1.16 percent, machinery, and equipment not elsewhere classified as 0.65 percent, motor vehicles and trailers and semi-trailers by 0.64 percent, tobacco products by 0.61 percent, and food products by 0.61 percent 0.35 percent, other nonferrous metal products 0.13 percent, and furniture 0.11 percent.
The report pointed out that some industries recorded an increase in their prices compared to the first quarter of 2020, as the prices of other manufacturing industries increased by 7.52 percent, printing and reproduction of registered media by 6.95 percent, chemicals and chemical products by 3.82 percent, paper and paper products by 3.08 percent, and beverages by 0.82 percent. Textiles by 0.42 percent and electrical equipment by 0.05 percent .. It was also noted that the prices of the garment industry, wood, wood and cork products, except for furniture, basic pharmaceutical products and their preparations, other transportation equipment, and repair and installation of machinery and equipment were noted.
The report attributed the decline in the general producer price index for the manufacturing sector by 8.23 percent during the second quarter of 2020 compared with the second quarter of 2019 to a decrease in the prices of both refined petroleum products by 54.83 percent, base metals by 15.04 percent, and motor vehicles, trailers and semi-trailers. Trailer (5.95%), leather and related products (5.09%), machinery and equipment not elsewhere classified (5.06%), rubber and plastics products (4.49%), basic pharmaceutical products and their products (3.83%), textiles (1.63%), other nonmetallic metal products (0.90%), electrical equipment (0.75%) And furniture 0.53 percent.
Some industries also recorded an increase in their prices during the second quarter of 2020 compared to the corresponding quarter of 2019, as the prices of other manufacturing industries increased by 29.71 percent, printing and reproduction of registered media by 13.79 percent, chemicals and chemical products by 6.86 percent, and metal products, except for machinery and equipment. By 4.25 percent, food products by 2.82 percent, paper and paper products by 1.10 percent, beverages by 0.36 percent, and tobacco products by 0.15 percent … While the prices of garments, wood, wood products, and cork, except for furniture and other transportation equipment, repair and installation of machinery and equipment remained stable for the second quarter of 2020 compared to In the corresponding quarter of 2019.
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