The Philippine Statistics Authority reported a 0.3% year-over-year increase in the producer price index (PPI) for the manufacturing sector in November 2024, reversing a 0.4% decline in October. This brought the average annual decline of the PPI from January to November 2024 to 0.8%. The uptrend was driven by acceleration in the PPI for manufacture of computer, electronic and optical products, transport equipment, and food products.
The producer price index for the manufacturing sector rose 0.3 percent year-over-year in November, rebounding from a 0.4 percent decline in October, the Philippine Statistics Authority said Friday.
The manufacture of computer, electronic and optical products contributed 26.8 percent to the uptrend in the annual rate of PPI for manufacturing during the month.
ECONOMICS PHILIPPINE ECONOMY MANUFACTURE PPI INFLATION
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