According to a report released by the UK's Office for National Statistics (ONS), in February of the current year the producer price index (PPI) for the UK manufacturing industry remained unchanged compared to January, following the 0.3 percent month-on-month rise recorded in January. In the 12 months up to February, the output price index of manufactured products for the domestic market rose 0.5 percent year on year.
In February, the UK's PPI for the basic metal industry increased by 0.3 percent from the previous month and was down 3.5 percent year on year. In the given month, the PPI for domestic manufacture of metal products, except machinery, remained unchanged compared to January and was up 0.1 percent year on year.
Meanwhile, in the imported metals sector, in February of the current year the input price index of imported basic iron and steel, ferroalloys, tube and pipes in the UK decreased by 0.6 percent month on month and was down 9.7 percent compared to February 2013, while the imported other basic metal product input price index increased by 0.3 percent compared to the previous month and was down 18.3 percent year on year.