Chemicals help industrial production to rise in Abu Dhabi

Industrial production in Abu Dhabi rose year-on-year in the last three months of 2014, according to data from the Statistics Center Abu Dhabi.

Scad’s Industrial Production Index, which measures output across manufacturing sectors, was 2.2 per cent higher in the fourth quarter of 2014, against the same period in 2013.

This was led by a major increase in the production of chemicals and chemical products, output of which increased by 38.3 per cent against the previous year.

The manufacture of fabricated metal products rose 10.7 per cent in the same period.

This comes as Scad’s index of producer prices, which measures the cost charged by producers of industrial products, hit a three-year low. That is the result of a strengthening dollar, which has sliced import costs for producers.

Producer prices fell by 8.7 per cent in the last three months of the year. Chemical input costs decreased of 8.1 per cent, while fabricated metals became 17.7 per cent cheaper to manufacture.

A collapse in the price of refined petroleum projects and coke, a form of limestone used in the manufacture of steel, led producers to scale back production of these products. As a result, output fell 8 per cent, according to Scad.

Production of clothes and textiles fell dramatically in the last quarter of the year, as imported clothes became relatively cheaper. Prices of domestically manufactured clothes remained flat, while overall output of apparel fell by 24 per cent, Scad data showed.

abouyamourn@thenational.ae

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