These are the activities of the manufacturing industry with the highest price increase

The economic activities that presented the main increases in the manufacturing industry in November 2021 were manufacture of coke and petroleum refining products, with 7.80%; manufacture of electrical equipment, with 4.83% and, manufacture of paper and paper products, with 3.53%.

“These activities contributed positively to the monthly variation with 0.62 percentage points”, according to the Producer Price Index, from the Manufacturing Industries section (IPP Manufactura) of the National Statistics Office (ONE).

From December 2020 to November 2021, the economic activities that presented the main increases according to divisions of the National Classification of Economic Activities (CNAE) were: manufacture of coke and petroleum refining products, with 58.80%; manufacture of common metals, with 34.24%, and manufacture of manufactured metal products, except machinery and equipment, with 25.67%. These activities contributed positively to the accumulated variation with 2.60 percentage points.

During the month of November 2021, the main decreases were obtained in beverage production, with -0.07% and manufacture of textile products, with -2.87%. Which subtracted 0.06 percentage points from the monthly variation.

Likewise, another evaluated period that was December 2020 to November 2021 shows that the main decreases were obtained in manufacture of textile products, with -7.63%; manufacture of leather products and related products, with -0.10% and, repair and installation of machinery and equipment, with -0.09%. Which subtracted 0.19 percentage points from the variation of the last 12 months.

About the report

This index is a statistical indicator that measures the average percentage change in the prices of a basket of characteristic goods of national manufacturing production, in a given period. These are collected and processed every month, according to the data supplied by approximately 321 companies, which produce for both the national and international markets.

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While the main decreases were obtained in the manufacture of textile products, with -7.52%; repair and installation of machinery and equipment, with -0.03%, which subtracted 0.19 percentage points from the accumulated variation.

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