MANILA, Philippines — Producer costs rose at a slower tempo in April from the earlier month, pushed primarily by the decline in costs of laptop, digital and optical merchandise, based on the Philippine Statistics Authority (PSA).
Preliminary knowledge from the PSA confirmed that the Producer Value Index (PPI) for manufacturing posted a slower annual enhance of 0.1 % in April from the 0.6 % progress in March.
The April PPI progress, nonetheless, improved in contrast with the 0.7 % decline in the identical month final yr.
PPI tracks the common change in manufacturing facility gate costs within the native market relative to a base interval.
“The slower annual enhance of PPI for the manufacturing sector in April 2025 was primarily as a result of decline within the annual progress fee of the PPI for manufacture of laptop, digital and optical merchandise trade division at 1.3 % in April 2025 from 0.9 % annual enhance in March 2025,” the PSA mentioned.
The pc, digital and optical merchandise trade division contributed 59.3 % to the slower PPI progress in April.
Additionally contributing to the slower PPI enhance in April 2025 was the slowdown within the progress in manufacture of transport tools at 0.3 % in April from the earlier month’s 1.5 % increment.
One other main contributor is the quicker lower of manufacture of fundamental metals at 0.9 % in April from the 0.1 % decline in March.
Of the remaining 19 trade divisions, 12 registered will increase, whereas seven posted decreases in April from March.
These with constructive progress charges are coke and refined petroleum merchandise; meals merchandise; drinks; chemical and chemical merchandise; equipment and tools besides electrical; different manufacturing and restore and set up of equipment and tools; rubber and plastic merchandise; furnishings; leather-based and associated merchandise, together with footwear; textiles; printing and copy of recorded media and paper and paper merchandise.