PPI Detailed Report BLS. Mining Manufacturing Ser vices Agriculture Utilities Construction

Transcription

1 PPI Detailed Report Data for August 2010 U.S. Department of Labor BLS U.S. Bureau of Labor Statistics Mining Manufacturing Ser vices Agriculture Utilities Construction

2 PPI Detailed Report Data for August 2010 Editors Vol. 14, No. 8 Joseph Kowal Antonio Lombardozzi Lana Borgie Contents Page Producer Price es, August Stage-of-Processing 12-month Percent Change Charts: January Present Finished goods... 5 Intermediate goods 6 Crude goods... 7 Tables Producer Price es 1. Stage of processing 8 2. Selected commodity groupings by stage of process Selected stage of processing groupings, seasonally adjusted Net output of selected industries and industry groups Net output of selected industries and their products groupings and individual items Durability of product Special commodity groupings Material and supply inputs to construction 161 Technical note

3 Producer Price Release Dates The following is the schedule of release dates for Producer Price data for News releases are issued at 8:30 a.m. eastern time on each release date. Reference Month Release Date January 2010 Feb. 18, 2010 February 2010 Mar. 17, 2010 March 2010 Apr. 22, 2010 April 2010 May 18, 2010 May 2010 June 16, 2010 June 2010 July 15, 2010 July 2010 Aug. 17, 2010 August 2010 Sept. 16, 2010 September 2010 Oct. 14, 2010 October 2010 Nov. 16, 2010 November 2010 Dec. 14, 2010 ii

4 Producer Price es August 2010 The Producer Price for Finished Goods increased 0.4 percent in August, seasonally adjusted. This rise followed a 0.2-percent advance in July and a 0.5-percent decline in June. At the earlier stages of processing, prices received by manufacturers of intermediate goods moved up 0.3 percent in August, and the crude goods index climbed 2.3 percent. On an unadjusted basis, prices for finished goods increased 3.1 percent for the 12 months ended August 2010, their tenth straight year-over-year rise. (See table A.) Stage-of-Processing Analysis Finished goods The August advance in the finished goods index can be traced primarily to prices for finished energy goods, which rose 2.2 percent. The index for finished goods less foods and energy edged up 0.1 percent. By contrast, prices for finished consumer foods fell 0.3 percent in August. Finished energy: The index for finished energy goods climbed 2.2 percent in August after decreasing in each of the previous four months. Leading this rise, the gasoline index increased 7.5 percent. Higher prices for liquefied petroleum gas and home heating oil also were factors in the finished energy goods advance. (See table 2.) Finished core: The index for finished goods less foods and energy inched up 0.1 percent in August, its tenth straight rise. A 0.6-percent increase in prices for pharmaceutical preparations was a major factor in the August advance. Higher prices for light motor trucks also contributed to the rise in the finished core index. Finished foods: The index for finished consumer foods fell 0.3 percent in August, its fourth decrease in the last five months. The August decline can be traced to lower prices for fresh vegetables, excluding potatoes, which moved down 11.2 percent. Intermediate goods The Producer Price for Intermediate Materials, Supplies, and Components increased 0.3 percent in August following decreases in July and June. Accounting for about eighty-five percent of this broad-based advance, prices for intermediate energy goods rose 1.3 percent. The indexes for both intermediate materials less foods and energy and for intermediate foods and feeds also contributed to this increase, moving up 0.1 percent and 0.9 percent, respectively. On a 12- month basis, prices for intermediate goods climbed 5.0 percent in August, continuing their deceleration from an 8.7-percent peak in April (See table B.) Intermediate energy: The index for intermediate energy goods moved up 1.3 percent in August following two consecutive monthly declines. A major factor in this advance was a 6.4-percent rise in diesel fuel prices. The indexes for gasoline and electric power also contributed significantly to higher intermediate energy goods prices. (See table 2.) Intermediate core: The index for intermediate goods less foods and energy edged up 0.1 percent in August after declining 0.4 percent in each of the prior two months. Leading this increase, prices for primary nonferrous metals climbed 8.0 percent. Higher prices for nonferrous mill shapes also were a factor in the intermediate core advance. Intermediate foods: The index for intermediate foods and feeds rose 0.9 percent in August, its largest increase since a 1.8-percent gain in December The August advance was led by formula feed prices, which moved up 3.3 percent. Chart 1. Monthly percent changes in the Producer Price for Finished Goods, seasonally adjusted: August 2009 August 2010 Percent change Aug'09 Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug' Chart month percent changes in the Producer Price for Finished Goods, not seasonally adjusted: August 2009 August 2010 Percent change Aug'09 Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug'

5 Chart 3. Monthly percent changes in the Producer Price for Intermediate Goods, seasonally adjusted: August 2009 August 2010 Percent change Chart month percent changes in the Producer Price for Intermediate Goods, not seasonally adjusted: August 2009 August 2010 Percent change Aug'09 Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug'10 Aug'09 Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug'10 2

6 Crude goods The Producer Price for Crude Materials for Further Processing moved up 2.3 percent in August. For the 3 months ending in August, crude materials prices rose 2.5 percent after falling 1.7 percent from February to May. In August, more than half of the monthly increase can be attributed to the index for crude foodstuffs and feedstuffs, which moved up 3.5 percent. Also contributing to this broadbased advance, prices for crude nonfood materials less energy and crude energy materials rose 4.1 percent and 0.5 percent, respectively. (See table B.) Crude foods: The index for crude foodstuffs and feedstuffs increased 3.5 percent in August. From May to August, prices for crude foods moved up 1.2 percent subsequent to a 3.8- percent advance for the 3 months ending in May. The monthly rise in August was led by prices for hay, hayseeds, and oilseeds, which climbed 12.0 percent. Advances in the indexes for corn and slaughter livestock also contributed to the increase in crude foods prices. (See table 2.) Crude core: The index for crude nonfood materials less energy rose 4.1 percent in August. For the 3-month period ending in August, crude core prices decreased 2.4 percent. This decline followed a 7.6-percent increase from February to May. About thirty percent of the August monthly advance can be traced to a 9.5-percent rise in the index for nonferrous scrap. Higher prices for iron and steel scrap also were a factor in the advance in the crude core index. Crude energy: The index for crude energy materials moved up 0.5 percent in August. From May to August, crude energy prices climbed 6.7 percent following an 11.0-percent drop in the previous 3-month period. Leading the August monthly rise was a 1.8-percent advance in the index for crude petroleum. 3

7 Chart 5. Monthly percent changes in the Producer Price for Crude Materials, seasonally adjusted: August 2009 August 2010 Chart month percent changes in the Producer Price for Crude Materials, not seasonally adjusted: August 2009 August 2010 Percent change Percent change Aug'09 Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug' Aug'09 Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug'10 Services Analysis Trade industries: The Producer Price for the Net Output of Total Trade Industries moved up 0.4 percent in August, its second consecutive monthly advance. (Trade indexes measure changes in margins received by wholesalers and retailers.) Leading the August increase, the margin index for wholesale clubs and supercenters jumped 30.1 percent. Higher margins received by wholesale trade industries and gasoline stations with convenience stores also contributed to the rise in the total trade industries index. Transportation and warehousing industries: The Producer Price for the Net Output of Transportation and Warehousing Industries fell 0.2 percent in August, following seven consecutive monthly increases. Over thirty percent of this decline can be attributed to prices received by the scheduled passenger air transportation industry, which moved down 0.4 percent. Lower prices received by the industries for general warehousing and storage and by line-haul railroads also were factors in the decline in the transportation and warehousing industries index. Traditional service industries: The Producer Price for the Net Output of Total Traditional Service Industries moved up 0.3 percent in August, its fifth consecutive monthly increase. About seventy percent of the August advance can be traced to prices received by the depository credit intermediation industry group, which climbed 2.2 percent. Higher prices received by portfolio managers and management consultants also contributed to the rise in the total traditional service industries index. 4

8 Chart 1. The Finished Goods and its component indexes, January 2005 through August 2010, 12-month percentage changes Percent change Panel A Panel B Finished goods Finished goods other than foods and energy Panel C Finished consumer foods 40 Panel D Finished energy goods

9 Chart 2. The Intermediate Goods and its component indexes, January 2005 through August 2010, 12-month percentage changes Percent change 20 Panel A Intermediate materials, supplies, and components Panel B Intermediate materials less foods and energy 30 Panel C Intermediate foods and feeds Panel D Intermediate energy goods

10 Chart 3. The Crude Goods and its component indexes, January 2005 through August 2010, 12-month percentage changes Percent change 60 Panel A Crude goods for further processing Panel B Crude nonfood materials less energy Panel C Crude foodstuffs and feedstuffs Panel D Crude energy materials Source: U.S. Bureau of Labor Statistics, Producer Price Program 7

11 Table 1. Producer price indexes and percent changes by stage of processing [1982=100] Grouping Relative importance Dec Unadjusted index Apr. July Aug. Aug Unadjusted percent change to Aug from: July 2010 Seasonally adjusted percent change from: May to June June to July July to Aug. Finished goods Finished consumer goods Finished consumer foods Crude Processed Finished consumer goods, excluding foods Nondurable goods less foods Durable goods Capital equipment Manufacturing industries Nonmanufacturing industries Intermediate materials, supplies, and components Materials and components for manufacturing Materials for food manufacturing Materials for nondurable manufacturing Materials for durable manufacturing Components for manufacturing Materials and components for construction Processed fuels and lubricants Manufacturing industries Nonmanufacturing industries Containers Supplies Manufacturing industries Nonmanufacturing industries Feeds Other supplies Crude materials for further processing Foodstuffs and feedstuffs Nonfood materials Nonfood materials except fuel Manufacturing Construction Crude fuel Manufacturing industries Nonmanufacturing industries Special groupings Finished goods, excluding foods Intermediate materials less foods and feeds Intermediate foods and feeds Crude materials less agricultural products 3, Finished energy goods Finished goods less energy Finished consumer goods less energy Finished goods less foods and energy Finished consumer goods less foods and energy Consumer nondurable goods less foods and energy Intermediate energy goods Intermediate materials less energy Intermediate materials less foods and energy Crude energy materials Crude materials less energy Crude nonfood materials less energy Comprehensive relative importance figures are initially computed after the publication of December indexes and are recalculated after final December indexes are available. Individual items and subtotals may not add exactly to totals because of rounding differences. 2 The indexes for April 2010 have been recalculated to incorporate late reports and corrections by respondents. All indexes are subject to revision 4 months after original publication. 3 Includes crude petroleum. 4 Excludes crude petroleum. 5 Percent of total finished goods. 6 Percent of total intermediate materials. 7 Formerly titled Crude materials for further processing, excluding crude foodstuffs and feedstuffs, plant and animal fibers, oilseeds, and leaf tobacco. 8 Percent of total crude materials. 8

12 Table 2. Producer price indexes and percent changes for selected commodity groupings by stage of processing [1982=100, unless otherwise indicated] Grouping Unadjusted index Unadjusted percent change to Aug from: Apr July Aug. 1 Aug July 2010 May to June Seasonally adjusted percent change from: Finished goods Finished consumer goods Finished consumer foods Fresh fruits and melons Fresh and dry vegetables Eggs for fresh use (Dec 1991=100) Bakery products Milled rice Pasta products (June 1985=100) Beef and veal Pork Processed young chickens Processed turkeys Finfish and shellfish Dairy products Processed fruits and vegetables Confectionery end products Soft drinks Roasted coffee Shortening and cooking oils Frozen specialties Finished consumer goods excluding foods Alcoholic beverages Pet food Women s, girls, & infants apparel (Dec 2003=100) Men s and boys apparel (Dec 2003=100) Textile housefurnishings Footwear Residential electric power (Dec 1990=100) Residential gas (Dec 1990=100) Gasoline Home heating oil and distillates Pharmaceutical preparations (June 2001=100) Soaps and synthetic detergents Cleaning and polishing products (June 1983=100) Cosmetics and other toilet preparations Tires, tubes, tread, etc Sanitary paper products Household furniture Floor coverings Household appliances Home electronic equipment Household glassware Household flatware Lawn and garden equip, ex tractors Passenger cars Travel trailers and campers (June 1984=100) Toys, games, and children s vehicles Sporting and athletic goods Tobacco products Mobile homes Jewelry, platinum, & karat gold Costume jewelry and novelties Capital equipment Agricultural machinery and equipment Construction machinery and equipment Metal cutting machine tools Metal forming machine tools Tools, dies, jigs, fixtures, and ind. molds Pumps, compressors, and equipment Industrial material handling equipment June to July July to Aug. 9

13 Table 2. Producer price indexes and percent changes for selected commodity groupings by stage of processing Continued [1982=100, unless otherwise indicated] Capital equipment - Continued Grouping Unadjusted index Unadjusted percent change to Aug from: Apr July Aug. 1 Aug July 2010 May to June Seasonally adjusted percent change from: Electronic computers (Dec 2004=100) Textile machinery Paper industries machinery (June 1982=100) Printing trades machinery Transformers and power regulators Communication & related equip (Dec 1985=100) X-ray and electromedical equipment Oil field and gas field machinery Mining machinery and equipment Office and store machines and equipment Commercial furniture Light motor trucks Heavy motor trucks Truck trailers Civilian aircraft (Dec 1985=100) Ships (Dec 1985=100) Railroad equipment Intermediate materials, supplies, and components Intermediate foods and feeds Flour Refined sugar and byproducts Confectionery materials Soft drink beverage bases (Dec 1985=100) Processed eggs Prepared animal feeds Intermediate materials less foods and feeds Synthetic fibers Processed yarns and threads Gray fabrics Finished fabrics Industrial textile products Leather Liquefied petroleum gas Commercial electric power Industrial electric power Commercial natural gas (Dec 1990=100) Industrial natural gas (Dec 1990=100) Natural gas to electric utilities (Dec 1990=100) Jet fuels No 2 Diesel fuel Residual fuels Basic inorganic chemicals Basic organic chemicals Prepared paint Paint materials Medicinal and botanical chemicals Fats and oils, inedible Mixed fertilizers Nitrogenates Phosphates Other agricultural chemicals Plastic resins and materials Synthetic rubber Plastic construction products Unsupported plastic film, sheet, & other shapes Plastic parts and components for manufacturing Softwood lumber Hardwood lumber Millwork Plywood Treated wood (June 1985=100) Woodpulp June to July July to Aug. 10

14 Table 2. Producer price indexes and percent changes for selected commodity groupings by stage of processing Continued [1982=100, unless otherwise indicated] Grouping Intermediate materials less foods and feeds - Continued Unadjusted index Unadjusted percent change to Aug from: Apr July Aug. 1 Aug July 2010 May to June Seasonally adjusted percent change from: Paper Paperboard Paper boxes and containers Building paper and board Commercial printing (June 1982=100) Foundry and forge shop products Steel mill products Primary nonferrous metals Aluminum mill shapes Copper and brass mill shapes Titanium mill shapes Nonferrous wire and cable Metal containers Hardware Plumbing fixtures and brass fittings Heating equipment Fabricated structural metal products Fabricated ferrous wire products (June 1982=100) Other misc metal products Mechanical power transmission equipment Air conditioning and refrigeration equipment Metal valves, ex.fluid power (Dec. 1982=100) Ball and roller bearings Wiring devices Motors, generators, motor generator sets Switchgear, switchboard, etc, equipment Electronic components and accessories Internal combustion engines Machine shop products Flat glass Cement Concrete products Asphalt felts and coatings Gypsum products Glass containers Motor vehicle parts Aircraft engines & engine parts (Dec 1985=100) Aircraft parts & aux. equip.,nec (June 1985=100) Photographic supplies Medical/surgical/personal aid devices Crude materials for further processing Crude foodstuffs and feedstuffs Wheat Corn Slaughter cattle Slaughter hogs Slaughter broilers/fryers Slaughter turkeys Fluid milk Soybeans Cane sugar, raw (Dec 2003=100) Crude nonfood materials Raw cotton Hides and skins Coal Natural gas Crude petroleum Logs, timber, etc Wastepaper Iron ore June to July July to Aug. 11

15 Table 2. Producer price indexes and percent changes for selected commodity groupings by stage of processing Continued [1982=100, unless otherwise indicated] Grouping Crude nonfood materials - Continued Unadjusted index Unadjusted percent change to Aug from: Apr July Aug. 1 Aug July 2010 May to June Seasonally adjusted percent change from: Iron and steel scrap Nonferrous metal ores (Dec 1983=100) Copper base scrap Aluminum base scrap Construction sand, gravel, and crushed stone Industrial sand June to July July to Aug. 1 The indexes for April 2010 have been recalculated to incorporate late reports and corrections by respondents. All indexes are subject to revision 4 months after original publication. 2 Not seasonally adjusted. - Data not available. 12

16 Table 3. Producer price indexes for selected stage-of-processing groupings, seasonally adjusted [1982=100] Year and month Finished goods Finished consumer foods Finished consumer goods excluding foods Capital equipment Intermediate materials Intermediate foods and feeds Intermediate materials excluding foods Crude materials Crude foodstuffs and feedstuffs Crude nonfood materials 2006: January February March April May June July August September October November December : January February March April May June July August September October November December : January February March April May June July August September October November December : January February March April May June July August September October November r r r r December : January February March April May June July August r Revised NOTE: All seasonally adjusted indexes are subject to change up to 5 years after original publication due to the recalculation of seasonal factors each January. The indexes for April 2010 have been recalculated to incorporate late reports and corrections by respondents. 13

17 Table 4. Producer price indexes for the net output of selected industries and industry groups, not seasonally adjusted 1 base 2010 from: Total mining, utilities, and manufacturing industries / Total mining industries / Oil and gas extraction / Mining (except oil & gas) / Mining support activities / Utilities / Total manufacturing industries / Food mfg / Beverage & tobacco mfg / Textile mills / Textile product mills / Apparel manufacturing / Leather and allied product manufacturing / Wood product manufacturing / Paper manufacturing / Printing and related support activities / Petroleum and coal products manufacturing / Chemical mfg / Plastics and rubber products mfg / Nonmetallic mineral product mfg / Primary metal mfg / Fabricated metal product mfg / Machinery mfg / Computer & electronic product mfg / Electrical equipment, appliance & component mfg / Transportation equipment mfg / Furniture & related product mfg / Miscellaneous mfg / Total trade industries / Total wholesale trade industries / Merchant wholesalers, durable goods / Merchant wholesalers, nondurable goods / Wholesale trade agents and brokers / Total retail trade industries / Motor vehicle and parts dealers / Furniture and home furnishings stores / Electronics and appliance stores / Bldg material and garden equip and supp dealers / Food and beverage stores / Health and personal care stores / Gasoline stations / Clothing and clothing accessories stores / Sporting goods hobby, book and music stores / General merchandise stores / Florists / Office supplies, stationery and gift stores / Manufactured (mobile) home dealers / Nonstore retailers / Transportation and warehousing industries / Transportation industries / Air transportation / Rail transportation / Water transportation / Truck transportation / Pipeline transportation of crude oil / Refined petroleum product pipeline transport / Transportation support activities / Delivery and warehouse industries / Postal service / Couriers and messengers / Warehousing and storage / Total traditional service industries / Information / Publishing industries, except Internet / Broadcasting, except Internet / Telecommunications /