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 condemns Saudi airport attacks, urges restraint
- Oman convenes global experts to advance AI innovation in mental healthcare
- HH Sayyid Theyazin chairs International Financial Centre of Oman board meeting
- Oman participates in Interpol Anti-Drug Conference in Czech Republic
- HH Sayyid Bilarab honours former Wali of Bausher for dedicated public service in Muscat
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.
