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MUSCAT : The overall import value index (IPI) within the Sultanate of Oman went down by 4.7 p.c on the finish of the third quarter of 2023, in comparison with the corresponding interval in 2022, as a consequence of a collective decline in most segments that make up the overall index.
The IPI decline was quoted as follows: 0.8 p.c in group of equipment and transportation tools, 5.4 p.c within the group of manufactured items, 3.1 p.c within the group of meals and livestock, 16.2 p.c within the group of mineral fuels, mineral lubricants and related supplies, 2 p.c within the inedible uncooked supplies group (excluding gas) and a couple of.9 p.c in drinks and tobacco group.
However, the group of chemical substances and associated supplies posted a 3.8 p.c rise of their IPI, whereas the group of miscellaneous manufactured merchandise went down by 1.4 p.c of their IPI.
In comparison with the second quarter of 2023, the IPI dropped by 7.2 p.c. The group of equipment and transportation tools skilled 16.1 p.c decline of their IPI, whereas manufactured merchandise’ IPI went down by 9.9 p.c, adopted within the decline pattern by miscellaneous merchandise (5.3 p.c), mineral fuels, mineral lubricants and associated supplies (6.2 p.c) and drinks and tobacco (3.2 p.c).
In distinction, the index for the meals and livestock group posted a 4.1 p.c rise, whereas index of the inedible uncooked supplies group (excluding gas) registered a 1.5 p.c rise.
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