According to a report released by the UK's Office for National Statistics (ONS), in May of the current year the producer price index (PPI) for the UK manufacturing industry rose by 0.1 percent compared to April and remained stable compared to May 2014. In the 12 months up to May, the output price index of manufactured products for the domestic market fell by 1.6 percent year on year.
In May, the UK's PPI for the basic metal industry decreased by 0.5 percent from the previous month and was down 4.9 percent year on year. In the given month, the PPI for domestic manufacture of metal products, except machinery, increased by 0.3 percent compared to April and was up 0.4 percent year on year.
Meanwhile, in the imported metals sector, in May of the current year the input price index of imported basic iron and steel, ferroalloys, tube and pipes in the UK decreased by 1.5 percent month on month and was down 11.4 percent compared to May 2014, while the imported other basic metal product input price fell by 1.8 compared to the previous month and was down 3.7 percent year on year.