According to a report released by the UK's Office for National Statistics (ONS), in December last year the producer price index (PPI) for the UK manufacturing industry did not indicate any change compared to November, following a month-on-month decrease of 0.2 percent recorded in November. In the 12 months up to December, the output price index of manufactured products for the domestic market rose one percent year on year.
In December, the UK's PPI for the basic metal industry remained unchanged from the previous month and was down 1.6 percent compared to December 2012. In December last year, the PPI for domestic manufacture of metal products, except machinery, remained unchanged month on month and was up 0.4 percent year on year.
Meanwhile, in the imported metals sector, in December last year the input price index of imported basic iron and steel, ferroalloys, tube and pipes in the UK decreased by 0.9 percent month on month and by 1.4 percent compared to December 2012, while the imported other basic metal product input price index fell 3.5 percent compared to the previous month and was down 14.4 percent year on year.