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 officials inspect oil pollution impact at Ras Madrakah beaches
- New tourism projects in Oman’s Al Dakhiliyah Governorate reach up to 94% completion
- Oman confirms start of Rabi’ al-Awwal on August 14
- Oman activates emergency response to curb oil spill after tanker grounds near Hallaniyat Islands
- Oman’s Transom expands into Algeria with Air Algérie partnership
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.
