The National Planning Council has released the new Monthly Producer Price Index (PPI) of the Industrial sector for August 2024, which calculated based on 2018. Therefor the relatives of the main four industry sectors become as follow: “Mining” (weight: 82.46%), “Manufacturing” (weight: 15.85%), “Electricity” (weight: 1.16%), and “Water” (weight: 0.53%). 

The PPI for August 2024 is estimated at 113.51 points showing a decrease of 2.51%, when compared to the previous month July 2024. On [Y-o-Y] basis, PPI of August 2024 showed no changed recorded when compared to the PPI of August 2023. 

Mining and Quarrying:

The PPI of August 2024 for this sector showed a decrease of 2.93% when compared with PPI of July 2024, primarily due to the price decrease in “Crude petroleum and natural gas” by 2.95%, and no prices changed in “Other mining and quarrying”. PPI of Mining and Quarrying of August 2024, when compared with its counterpart in previous year (August 2023), there was a decrease of 0.18%, due to the price decrease in “Crude petroleum and natural gas” by 0.19%, while price increase in “Other mining and quarrying” by 0.04%. 

Manufacturing:

 A decrease of 0.52% has been recorded in August 2024, when compared with the previous month Manufacturing index (July 2024). This is the result of falling prices in three groups and raise prices in four others. The prices decrease is seen in: “Rubber and Plastics products” by 19.02% followed by “Refined petroleum products” by 4.79% and “Cement & other non-metallic mineral products” by 0.81%. The increasing prices are noticed in “Food products” by 1.74%, followed by “Chemicals and chemical products” by 1.72%, “Basic metals” by 0.96% and “Beverages” by 0.71%. No change in “Printing and reproduction of recorded media”. 

 

Compared with the index of counterpart in the previous year (August 2023), “Manufacturing” PPI of August 2024 showed an increase of 0.66%. The major groups which explain this price increases are: “Basic metals” by 7.13% followed by “Food products” by 3.93%, “chemicals and chemical products” by 3.20%, “Cement & other non-metallic mineral products” by 1.63% and “Beverages” by 0.45%. However, the decreasing prices are noticed in “Refined Petroleum products” by 10.25%, “Rubber and Plastics products” by 2.85% and “Printing and reproduction of recorded media” by 0.49%. 

Electricity, gas, steam, and air conditioning supply:

The PPI of this group showed an increase of 1.26% compared to July 2024. Compared to the PPI of August 2023 [Y-o-Y], the PPI of August 2024, showed a rise of 4.63%. 

Water supply:

The PPI of this group showed a rise of 1.55% compared to July 2024. Compared to the PPI of August 2023 [Y-o-Y], the PPI of August 2024, showed an increase of 2.03%. 

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