Financial News: Philippine Producer Prices Rise 0.8%

Philippine Producer Prices Rise 0.8%

04/02/2025 - 03:28:00 (RTTNews)

(RTTNews) - Philippine producer prices increased for the second straight month in February, though at a slower-than-expected pace, data from the Philippine Statistics Authority showed on Wednesday.

The producer price index rose 0.8 percent year-on-year in February after a 0.7 percent rebound in January. The expected increase was 1.2 percent.

The faster increase in February was mainly due to the acceleration in the annual rate of the price index for the manufacture of coke and refined petroleum products industry division, where prices grew 2.9 percent versus a 1.9 percent climb in January.

Similarly, the annual price growth for other manufacturing and repair and installation of machinery and equipment accelerated to 3.0 percent from 1.6 percent.

Of the remaining 19 industry divisions, 13 registered monthly decreases, and five exhibited month-on-month increases, the agency said.

On a monthly basis, producer prices dropped 0.2 percent in February, following a 0.4 percent decrease in the previous month.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Swedish Service Sector Contracts In March (18 min(s), 02 sec(s) ago)
(RTTNews) - Sweden's services activity deteriorated for the first time in six months in March, ...Full Story»

Swiss Inflation Remains Stable At 0.3% (54 min(s), 02 sec(s) ago)
(RTTNews) - Switzerland's consumer price inflation held steady in March after easing to a near ...Full Story»

Russian Services Activity Loses Growth Momentum (01 hr(s), 20 min(s), 02 sec(s) ago)
(RTTNews) - The Russian service sector activity broadly stagnated in March amid a slowdown in new ...Full Story»

Japan Services Sector Stagnates (02 hr(s), 28 min(s), 02 sec(s) ago)
(RTTNews) - Japan services sector stagnated in March and contrasted with expansions in the past fo ...Full Story»

Australia Trade Surplus Shrinks In February (02 hr(s), 29 min(s), 02 sec(s) ago)
(RTTNews) - Australia's trade surplus decreased in February as exports fell amid an increase i ...Full Story»

China Services Activity Growth Accelerates (02 hr(s), 53 min(s), 02 sec(s) ago)
(RTTNews) - China's service sector growth accelerated to a three month-high in March on rising ...Full Story»

European Economic News Preview: Eurozone Final Composite PMI Data Due (03 hr(s), 24 min(s), 02 sec(s) ago)
(RTTNews) - Final composite Purchasing Managers' survey results from the euro area and the UK ...Full Story»

Australia Services Sector Picks Up Steam In March - S&P Global (23 min(s), 58 sec(s) ago)
(RTTNews) - The services sector in Australia continued to expand in March, and at a faster rate, t ...Full Story»