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October PPI Shows Unity in Year-over-Year Movement

Post Time:Nov 26,2020Classify:Industry NewsView:949

The prices for materials (seasonally unadjusted) used in glass and glazing manufacturing have been largely mixed in 2020. However, product prices all moved in the same direction on a year-over-year basis in October 2020, according to the latest Producer Price Index (PPI) from the U.S. Bureau of Labor Statistics (BLS).

In October, the monthly PPI for flat glass in the commodity category is up 0.1% from the previous month, and 1.1% from October 2019. According to the BLS, the commodity classification “organizes products and services by similarity or material composition, regardless of the industry classification of the producing establishment.

The October index for flat glass manufacturing in the industry classification rose 0.4% from September 2020. It’s up 0.4% on a year-over-year basis. The industry classification measures “changes in prices received for the industry’s output sold outside the industry (that is, its net output).”

Prices for fabricated structural metal products were unchanged from last month’s PPI report. That index, in the commodity grouping, is up 0.6% from a year ago. The index for ornamental and architectural metal product manufacturing, in the industry category, moved slightly, increasing 0.3% from September to October 2020. However, it has experienced a 4% jump since October 2019.

The PPI for metal windows decreased a slight 0.1% in October. However, it has climbed 2.4% compared to the October 2019 report. The price for metal doors and frames is also down -0.1% from September. The category is up 1.1% for the year.

The cost of builders’ hardware, including that used in glass and glazing, grew 0.1% from the September 2020 report and experienced a 2% increase compared to the October 2019 report.

Monthly and Yearly Change in Glass and Glazing Material Prices

CategorySeptember 2020 to October 2020October 2019 to October 2020
Flat Glass0.1%1.1%
Flat Glass Manufacturing0.4%0.4%
Fabricated Structural Metal Products0%0.6%
Ornamental and Architectural Metal Work Manufacturing0.3%4%
Metal Windows-0.1%2.4%
Metal Doors and Frames-0.1%1.1%
Builders’ Hardware0.1%2%

Source: usgnnAuthor: shangyi

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