PPI Reports Another Dip in Flat Glass Prices for OctoberNovember 18th, 2014 by Editor
Flat glass prices dropped in October for the second straight month. According to the latest Producer Price Index Report (PPI) issued by the U.S. Labor Department, flat glass prices dipped 0.2 percent from September to October after seeing a 0.7 percent dip from August to September.
It’s only the third month-to-month decrease in prices since January. The flat glass index sits at 120.4.
The PPI program measures the average change over time in the selling prices received by domestic producers for their output, according to the U.S. Bureau of Labor Statistics (BLS). The prices included in the PPI are from the first commercial transaction for many products and some services.
The latest dip in prices still puts them up 1.7 percent since October of 2013.
In another report, import prices for glass and glassware saw a dip of 0.2 percent in October after remaining flat in September. Import prices remained stagnant in June, July and August and are down 0.2 percent from a year ago.
Meanwhile, export prices for glass and glassware also dipped 0.2 percent after remaining stagnant month-over-month in September. Export prices dropped just 0.1 percent in August and were flat in July. Export prices for glass and glassware are up 1.0 percent from this time last year.
Prices of materials for construction increased 0.3 percent in October after jumping 0.2 percent in September and 0.4 percent in August. Prices in that category are up 3.0 percent from October 2013. Final demand for construction spiked 0.5 percent after sitting flat in September and August and is up 2.2 percent from a year ago.
On the whole, the PPI for final demand rose 0.2 percent in October, seasonally adjusted. Final demand prices dipped 0.1 percent in September and were unchanged in August. On an unadjusted basis, the index for final demand increased 1.5 percent for the 12 months ended in October.
Overall prices for U.S. imports decreased 1.3 percent in October after a 0.5-percent decline in September, a 0.6-percent dip in August and a 0.3-percent drop in July. Export prices declined 1.0 percent in September and have dropped 1.9 percent over the last three months.