MUSCAT : The report revealed mixed sectoral performance. Prices in the mining and quarrying group rose by 1.2%, driven by a 1.3% increase in crude oil and natural gas prices, along with a sharp 18.2% jump in mineral ore prices. However, stone and sand prices edged down by 0.6%.
The manufacturing sector saw the steepest decline, with prices falling 8.3%. This drop was led by a 1.1% dip in food, beverages, and textiles, a 10.5% decrease in other transportable goods, and a 7.5% fall in metal products, machinery, and equipment.
Prices in the electricity production and water production groups also contracted, by 5.5% and 5% respectively.
Read More
- Oman, Portugal stress political solutions over regional escalation
- Inside Muscat’s new youth initiative to turn young minds into leaders
- Oman expands coral reef restoration to protect marine biodiversity
- Illegal fishing boats seized in Muscat
- Oman mandates pre-arrival medical exams for Filipino workers from May 18
For all the latest news from Oman and GCC, follow us on Twitter, Instagram and LinkedIn, like us on Facebook and subscribe to our YouTube page, which is updated daily.
