The Producer Price Index (PPI, 2000=100) for manufacturing went down by 2.9 percent in December 2016. It went down 7.4 percent during the same period last year. This decrease was brought about by the declines posted by ten major sectors including the significant decreases reflected by the following: furniture and fixtures (-19.7%) and machinery except electrical (-11.6%). On the other hand, miscellaneous manufactures (6.4%) led the seven sectors that posted increases. Refer to Tables 1 and A-1.
On a monthly basis, PPI went up at a slower rate by 0.2 percent brought about by the increases of 11 major sectors led by petroleum products (6.0%). On the other hand, seven major sectors reflected decreases while two sectors posted flat growths. Refer to Tables 1 and A-2.