February Sees PPI Rise by 3.74% Monthly

The Domestic Producer Price Index (PPI) showed a significant increase in February, according to recent data. Compared to the previous month, the PPI increased by 3.74 percent. This marks an 8.03 percent increase compared to December of the previous year, a substantial 47.29 percent increase compared to the same month of the previous year, and a notable 45.71 percent increase compared to the twelve-month averages.

The annual changes in the four sectors of the industry are as follows: there was a 68.10 percent increase in mining and quarrying, a 56.71 percent increase in manufacturing, a 30.68 percent decrease in electricity and gas production and distribution, and a 66.20 percent increase in water supply.

When looking at the annual changes of main industry groups, it was found that there was a 51.47 percent increase in intermediate goods, a 61.51 percent increase in durable consumer goods, a 64.34 percent increase in non-durable consumer goods, a 0.45 percent increase in energy, and a 64.70 percent increase in capital goods.

In terms of monthly changes in the industry sectors, there was a 4.29 percent increase in mining and quarrying, a 4.56 percent increase in manufacturing, a 4.96 percent decrease in electricity and gas production and distribution, and a 0.81 percent increase in water supply.

These significant increases in the PPI indicate a positive trend in the industry, with manufacturing products leading the way in both annual and monthly changes. Experts will be monitoring these trends closely to assess the impact on the overall economy.

 

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