August manufacturing price index slows down

The producer prices index (PPI) for manufacturing declined by 5.9 percent in August compared to same time last year, while it went up on a monthly basis from negative 1.2 percent in July to 1.3 percent in August 2013, according to data from the National Statistics Office (NSO).

In the producer price index data released on Friday by NSO, the annual PPI slowdown was caused by the decline of 10 major manufacturing groups led by furniture and fixtures with a 44.5-percent decrease.