According to a report released by the UK's Office for National Statistics (ONS), in July this year the producer price index (PPI) for the UK manufacturing industry rose by 0.2 percent compared to June this year, following a month-on-month rise of 0.1 percent recorded in June. In the 12 months up to July, the output price index of manufactured products for the domestic market rose 2.1 percent year on year.
In July, the UK's PPI for the basic metal industry fell by 0.7 percent month on month and was down 2.7 percent compared to July 2012. During the given month, the PPI for domestic manufacture of metal products, except machinery, remained unchanged from the previous month and was up 0.2 percent year on year.
Meanwhile, in the imported metals sector, in July this year the input price index of imported basic iron and steel, ferroalloys, tube and pipes in the UK increased by 0.7 percent month on month and fell by 2.3 percent compared to July 2012, while the imported cold formed or folded metal product input price index fell 1.6 percent compared to the previous month and was down 4.2 percent year on year.