7 months Producer prices up 3.6% in March Manilatimes |Biz
The Producer Price Index (PPI) for the manufacturing sector increased to 3.6 percent in March, the Philippine Statistics Authority (PSA) reported on Tuesday. PSA said the PPI last month was higher compared to the 2.6 percent in February and  the negative 0.6 percent in the same month last year. “The upturn can be attributed to the increases of 13 major industry groups with furniture and fixtures posting a double-digit increment of 55 percent,” the PSA said. Other industry groups which posted increase were transport equipment (3.5 percent); petroleum products (4.8 percent); non-metallic mineral products (9.1 percent); rubber and plastic products ... more