According to Dubai Statistics Center data released on Sunday, the index recorded a decrease of 8.23 percent, compared to the second quarter of last year 2019.
The report attributed the decline in the general producer price index 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 same year, to a decrease in the prices of each of the refined petroleum products by 41.72 percent.
The report pointed out that among the most prominent reasons for the decline in the producer price index for the manufacturing sector in Dubai are the decrease in base metals by 10.46 percent, rubber and plastics products by 3.70 percent, and formed metal products excluding machinery and equipment by 2.28 percent and leather and related products by 1.16 percent.
He attributed this decline to a decrease in machinery and equipment not classified elsewhere by 0.65 percent, motor vehicles and trailers and semi-trailers by 0.64 percent, tobacco products by 0.61 percent, food products by 0.35 percent, other non-metallic metal products by 0.13 percent, and furniture by 0.11 percent. Percent .
The report pointed out that some industries recorded an increase in their prices compared to the first quarter of 2020.
The prices of all 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, beverages by 0.82 percent, textiles by 0.42 percent, and electrical equipment by 0.05 percent.
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 stable.
The decline in the general producer price index for the manufacturing sector by 8.23 percent during the second quarter of 2020 compared to the second quarter of 2019 is due 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. By 5.95 percent.
He attributed the year-on-year decline to a decline in leather and related products by 5.09 percent, machinery and equipment not classified elsewhere by 5.06 percent, rubber and plastics products by 4.49 percent, basic pharmaceutical products and their preparations by 3.83 percent, textiles by 1.63 percent and other non-metallic mineral products by a percentage 0.90 percent, electrical equipment 0.75 percent, and furniture 0.53 percent.
Some industries recorded an increase in their prices during the second quarter of 2020 compared to the corresponding quarter of 2019.
The prices of all 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 formed metal products excluding machinery and equipment by 4.25 percent.
Food prices rose by 2.82 percent, paper and paper products by 1.10 percent, beverages by 0.36 percent, and tobacco products by 0.15 percent.
The prices of clothing, wood, wood products and cork except for furniture and other transport equipment, repair and installation of machinery and equipment remained stable for the second quarter of 2020 compared to the corresponding quarter of 2019.
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