The Producer Price Index for the manufacturing industries excluding the petroleum refining sector increased by 0.4% in February 2023 compared to the month of January, said the High Commission for Planning (HCP) in a note published this Thursday.
This increase comes after a surge in the production index of manufacturing chemical products by 0.7%, alongside beverages production.
The metal industry witnessed a 2.1% growth, as for the manufacturing electrical equipment, it went up by 0.6%.
HCP’s document showed that the food industry’s index went up by 0.2%, and the automotive industry rose by 0.3%, while other manufacturing industries witnessed a 9.8% surge.
The clothing and textile industry’s index went up by 0.1% this month.
HCP mentioned a 1.1% decline in the price of manufacturing metal products and a decrease of 0.6% of manufacturing rubber and plastic products.
The note further states that the manufacturing industries’ price index of extractive industries, electricity production and distribution as well as water production and distribution sectors did not budge during the month of February 2023.
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