According to a report released by the UK's Office for National Statistics (ONS), in August this year the producer price index (PPI) for the UK manufacturing industry rose by 0.5 percent compared to July this year, following a month-on-month rise of 0.1 percent recorded in July. In the 12 months up to August, the output price index of manufactured products for the domestic market rose 2.2 percent year on year.
In August, the UK's PPI for the basic metal industry fell by 0.4 percent month on month and was down 4.7 percent compared to August 2011. During the given month, the PPI for domestic manufacture of metal products, except machinery, decreased by 0.1 percent from the previous month and was up 1.1 percent year on year.
Meanwhile, in the sector in question, in August this year the input price index of imported basic iron and steel, ferroalloys, tube and pipes decreased 2.3 percent month on month and fell by 12.2 percent compared to August 2011, while the imported cold formed or folded metal product input price index fell 1.7 percent compared to the previous month and was down 15 percent year on year.