Qatar’s machinery and equipment index rises slightly in the second half of 2022

Qatar saw a 0.72% year-on-year (y-o-y) rise in the Machinery & Equipment Price Index (MEPI) in the second half (H2) of 2022 due to higher prices for transport equipment, office machines and special-purpose machines, which have a greater weight in the MEPI basket, according to official data.
Otherwise, the largest increase on an annualized basis was reported in metal tools and musical instruments, which have a lower weight in the MEPI basket, according to figures released by the Planning and Statistics Authority (PSA). .
The MEPI, a short-term indicator calculated semi-annually, increased by 0.17% compared to that of the first half (H1) of 2022.
The IPEM – with 2012 as the base year – is used by the national accounts as a deflator to calculate constant price estimates of final demand purchases of machinery and equipment and to calculate estimates of capital formation.
The transportation equipment index, which has a weighting of 34.82% in the MEPI basket, was up 1.06% year-on-year, but down 1.28% month-on-month during the period considered.
The Special Purpose Machinery Index, which has a weighting of 23.71% in the MEPI basket, was up 0.8% and 0.05% year-on-year and month-on-month, respectively. the other during the second half of 2022.
The index of office, accounting and computer machines, which has a weighting of 21.44% in the MEPI basket, increased by 1.44% and 3.75% respectively on an annual and monthly basis during the period considered.
The metal tools and tooling index, which has a weighting of 0.34% in the MEPI basket, was up 18.27% and 2.95% year-on-year and month-on-month, respectively. the other during the second half of 2022.
The musical instruments index, which has a weighting of 0.4% in the MEPI basket, was up 3.69% and 5% respectively year-on-year and month-on-month. another in the second half of 2022.
The General Purpose Machinery Index, which has a weighting of 5.8% in the MEPI basket, rose 1.25% and 0.48% respectively on an annualized and monthly basis during the second half of 2022. .
However, the index for radio, television and communication equipment and devices fell by 2.83% and 3.27% respectively over one year and one month during the second half of 2022. The group has a weighting of 7.13% in the MEPI basket.
The electrical machinery and appliances index, which has a weighting of 4.53% in the MEPI basket, recorded a contraction of 1.41% year-on-year; while it recorded a jump of 0.81% compared to the first half of 2022.
The group of medical devices, precision and optical instruments and watches and clocks saw its index, which has a weighting of 1.83% in the MEPI basket, decline by 0.16% at an annualized rate; but jumped 2.38% month-month-month in the second half of 2022.