- Producer prices continued to decline at a slower pace in April due mainly to the faster increase in prices of computer and electronic products, according to the Philippine Statistics Authority (PSA).
- Preliminary data released by the PSA showed the Producer Price Index (PPI) for manufacturing contracted by 0.8 percent in April, slower than the 1.1 percent decline in March.
- The PPI posted a growth of 2.5 percent in April last year. For the four-month period, however, the average PPI contracted by 1.1 percent.
- “The slower negative annual growth rate of PPI in April 2024 compared to the annual growth in March 2024 was primarily due to the faster increase in the annual growth rate of manufacture of computer, electronic and optical products industry division at 3.9 percent in April 2024 from 1.7 percent increase in March 2024,” the PSA said.
https://www.philstar.com/business/2024/05/31/2359200/factory-gate-prices-post-slower-decline