According to a report released by the UK's Office for National Statistics (ONS), in August of the current year the producer price index (PPI) for the UK manufacturing industry decreased by 2.4 month on month and recorded a 13.8 percent year-on-year decline. In the 12 months up to June, the output price index of manufactured products for the domestic market decreased 1.8 percent year on year.
In August, the UK's PPI for the basic metal industry fell by 1.5 percent from the previous month and was down 10.5 percent year on year. In the given month, the PPI for domestic manufacture of metal products, except machinery, remained unchanged compared to July and was up one percent year on year.
Meanwhile, in the imported metals sector, in August of the current year the input price index of imported basic iron and steel, ferroalloys, tube and pipes in the UK decreased by 1.9 percent month on month and was down 13.5 percent compared to August 2014, while the imported other basic metal product input price index decreased by 3.1 percent compared to the previous month and was down 14.7 percent year on year.