PPI for final manufactured goods 4.9%

27 Jun 2013

The annual percentage change in the producer price index (PPI) for final manufactured goods was 4.9% in May compared to 5.4% year on year in April‚ Statistics SA figures showed on Thursday, 27 June 2013.

Image courtesy of FreeDigitalPhotos.net

From April to May the PPI for final manufactured goods increased by 0.3%.

From January this year‚ Stats SA published distinct PPIs to cover agriculture‚ mining‚ electricity and water‚ and manufacturing.

The PPI for final manufactured goods is now considered the "headline" PPI.

Expected increase

PPI was expected to have increased 5.2% year on year (y/y)‚ a survey by I-Net Bridge has found.

Forecasts among nine leading economists surveyed ranged from 5.1% y/y to 5.6% y/y.

Contributors

The main contributors to the annual rate of 4.9% were food products‚ beverages and tobacco products (6.1% year-on-year and contributing 2 percentage points) and coke‚ petroleum‚ chemical‚ rubber and plastic products (4.5% year-on-year and contributing 0.8 of a percentage point).

The main contributors to the monthly increase of 0.3% were food products‚ beverages and tobacco products (0.7% month-on-month and contributing 0.2 of a percentage point) and transport equipment (1.4% month-on-month and contributing 0.2 of a percentage point).

The annual percentage change in the PPI for intermediate manufactured goods was 7.8% in May 2013 (compared with 7.2% in April 2013).

From April 2013 to May 2013 the PPI for intermediate manufactured goods increased by 0.9%. The main contributors to the annual rate of 7.8% were chemicals‚ rubber and plastic products (6.3% year-on-year and contributing 2.6 percentage points) and basic and fabricated metals (7.0% year-on-year and contributing 2 percentage points).

The main contributor to the monthly increase of 0.9% was basic and fabricated metals (1.2% month-on-month and contributing 0.4 of a percentage point).

The annual percentage change in the PPI for electricity and water was 13.5% in May 2013 (compared with 12.9% in April 2013). From April 2013 to May 2013 the PPI for electricity and water increased by 2.0%.

The contributors to the annual rate of 13.5% were electricity (14.0% year-on-year and contributing 11.6 percentage points) and water (11.5% year-on-year and contributing 2 percentage points).

The contributor to the monthly increase of 2.0% was electricity (2.5% month-on-month and contributing 2.1 percentage points).

The annual percentage change in the PPI for mining was 5.7% in May 2013 (compared with 4.5% in April 2013). From April 2013 to May 2013 the PPI for mining increased by 1.4%.

The main contributor to the annual rate of 5.7% was non-ferrous metal ores (9.5% year-on-year and contributing 4.3 percentage points).

The main contributors to the monthly rate of 1.4% were gold and other metal ores (1.8% month-on-month and contributing 0.4 of a percentage point) and non-ferrous metal ores (1.1% month-on-month and contributing 0.5 of a percentage point).

The annual percentage change in the PPI for agriculture‚ forestry and fishing was 2.9% in May 2013 (compared with 1.7% in April 2013). From April 2013 to May 2013 the PPI for agriculture‚ forestry and fishing decreased by 0.2%.

The main contributor to the annual rate of 2.9% was agriculture (2.6% year-on-year and contributing 2 percentage points).

The main contributor to the monthly rate of -0.2% was agriculture (-0.2% month-on-month and contributing -0.2 of a percentage point).

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

Go to: http://www.inet.co.za