Producer Price Index (PPI) for Manufactured Goods Went up Slightly in November

In November, producer price index (PPI) for manufactured goods was up by 2.0 percent year-on-year; purchasing prices for raw material, fuels and power rose by 4.7 percent.

PPI for means of production increased 2.0 percent over last November. Of the total, PPIs for mining and quarrying industry increased 6.6 percent; that of raw materials industry and machining industry correspondingly up by 0.4 and 2.1 percent. PPI for means of consumer goods grew 2.1 percent. Of which, PPIs for foodstuff increased 3.3 percent; that of clothing and commodities rose 2.3 and 2.9 percent, while that of durable consumer goods dropped 0.5 percent.

In terms of different categories:

PPI for crude oil decreased 14.7 percent, year-on-year. PPIs for oil products, such as gasoline, diesel and kerosene increased 19.7, 7.9 and 22.3 percent respectively.

PPI for cis-butadiene rubber, polystyrene, and polyester filament yarns was respectively declined 9.3, 24.1 and 25.5 percent.

PPI for mining and washing of coal industry was up by 32.7 percent from last November. Of which, PPI for crude coal increased 31.6 percent.

PPI for smelting and pressing of ferrous metals grew 3.3 percent from the same month last year. Of which, PPIs for ordinary small, medium, and large rolled-steels, and heavy steel plate correspondingly increased 5.1, 3.5, 7.7 and 1.3 percent, while that of wire rod dropped 4.7 percent, year-on-year.

PPI for smelting and pressing of nonferrous metals was down by 19.4 percent, year-on-year. Of the total, aluminum, copper, lead and zinc came down 11.0, 32.3, 37.5 and 43.0 percent respectively.

In addition, wherein the purchasing price for raw materials, fuels and power products, the price for fuel and power, ferrous metal materials, and chemical materials increased 13.2, 9.0 and 0.4 percent respectively; while that of nonferrous metal materials declined 18.4 percent, year-on-year

From January to November, a year-on-year growth of PPI grew 7.6 percent, the purchasing price for raw materials, fuels and power products increased 11.6 percent.