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March PPI up from 7.7% to 8.2%

25 Apr 2014

The producer price index (PPI) for final manufactured goods - considered as the headline PPI - accelerated more than expected by 8.2% year-on-year (y/y) in March after increasing by 7.7% y/y in February‚ Statistics South Africa figures showed.

The PPI rose to 8.2% in March, surprising anaylysts. Image: Beeboys Fotolia

The PPI for final manufactured goods increased by 1.3% between February and March.

PPI was expected to have increased by 7.7% y/y‚ according to a BDPro survey. Forecasts among nine economists surveyed ranged from 7.5% to 8.5% y/y.

Source: I-Net Bridge

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