Producer price index growth slows in April

Category : Business | Sub Category : Economics Posted on 2025-05-30 05:54:11

PNA

MANILA – The growth of the producer price index (PPI) for manufacturing slowed to 0.1 percent in April this year from 0.6 percent in March, the Philippine Statistics Authority (PSA) said Friday.

"The slower annual increase of PPI for the manufacturing section in April 2025 was primarily due to the decline in the annual growth rate of the PPI for manufacture of computer, electronic and optical products industry division at 1.3 percent in April 2025 from 0.9 percent annual increase in March 2025," the PSA said in a statement.

Other main contributors to the slower annual increase of PPI for manufacturing were the slowdown in the annual growth rate of manufacture of transport equipment at 0.3 percent in April from 1.5 percent in March, and the faster annual decline of manufacture of basic metals at 0.9 percent from -0.1 the previous month.

The PPI is generated from the results of the Producer Price Survey (PPS), which is conducted nationwide.

The PPS is conducted by PSA to collect monthly producer prices of industry products produced by sample establishments in the manufacturing section.

It measures the average change over time in the prices of products or commodities produced by domestic manufactures and sold at factory gate prices to wholesalers and or other consumers in the domestic market relative to a base period.