Producers’ prices rose 3.2% in March--NSO | Inquirer Business

Producers’ prices rose 3.2% in March–NSO

Manufacturers’ prices rose 3.2 percent last March, according to preliminary results of the National Statistics Office’s (NSO) Producer Price Survey.

The NSO gathers actual producer prices of selected products every month through a nationwide survey.

The NSO said nine major sectors posted double-digit increases, including petroleum products (14.5 percent) and machinery except electrical (13.4 percent).
Other sectors where producers’ prices rose were food manufacturing (7.7 percent), rubber and plastic products (6.1 percent), transport equipment (1.4 percent), miscellaneous manufactures (3.9 percent), beverages (1 percent), footwear and wearing apparel (0.5 percent), paper and paper products (0.3 percent) publishing and printing (zero).

Article continues after this advertisement

Also, 10 major sectors reported a decline in prices, led by furniture and fixtures (-12.5 percent).

FEATURED STORIES

Other decliners were basic metals (-4.8 percent), nonmetallic mineral products (-6 percent), electrical machinery (-0.5 percent), fabricated metal products (-6.2 percent), furniture and fixtures (-12.5 percent), wood and wood products (-9.2 percent), chemical products (-0.4 percent), textiles (-2.3 percent), tobacco products (-0.8 percent), leather products (-2.9 percent).

On a monthly basis, producers’ prices fell -0.2 percent in March from that of the previous month due to decreases in nine major sectors led by machinery except electrical (-2.5 percent).

Article continues after this advertisement

Also, five sectors reflected increases, while six posted flat growths.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: Business, manufacturing, National Statistics Office, Prices, Producers

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.