Producer Price Index – Manufacturing (PPI-M) - 2nd Quarter 2020
Highlights
(Base Period: 2013=100)
1. PPI-M, which stood at 112.0 in March 2020, registered an increase of 1.5 points (+1.3%) during the second quarter of 2020 to reach 113.5 in June 2020. On a monthly basis, PPI-M increased by 0.2 point (+0.2%), 0.4 point (+0.4%) and 0.9 point (+0.8%) in April, May and June 2020 respectively.
2. The average PPI-M for the second quarter of 2020 stood at 112.8, i.e. an increase of 1.4 points (+1.3%) from 111.4 in the first quarter of 2020. This increase was mainly attributable to higher prices of “Food products and beverages" (+1.1%), “Other products" (+7.5%), “Printing and reproduction of recorded media" (+7.2%) and “Other non-metallic mineral products" (+2.7%). Compared to the corresponding quarter of 2019, the average PPI-M for the second quarter of 2020 increased by 3.1 points (+2.8%), mainly explained by higher prices of “Food products and beverages" (+2.7%), “Other products" (+15.2%), “Other non-metallic mineral products" (+6.0%), “Printing and reproduction of recorded media" (+5.2%), “Chemicals and chemical products" (+1.7%), “Motor vehicles, trailers and semi-trailers" (+19.7%) and “Other transport equipment" (+7.1%).
September 2020
