July 2011

• Month-on-Month

  The monthly growth of wholesale price index of selected construction materials in the National Capital Region (NCR) was recorded at 0.3 percent in July, the same rate posted in June. A higher increase was observed in the asphalt index at 5.3 percent in July from a zero growth in June; fuels and lubricants, 0.2 percent from -1.2 percent; sand and gravel, 1.3 percent from 0.2 percent; plywood, 0.6 percent from 0.2 percent; electrical works, 0.5 percent from 0.1 percent; and tileworks, 0.7 percent from 0.4 percent. Meanwhile, slower monthly gains were correspondingly seen in the indexes of structural steel and painting works at 0.8 percent and 0.1 percent from 1.0 percent and 0.2 percent, respectively. Moreover, a -0.7 percent decline was noted in the cement index while the rest of the commodity groups moved at their last month's rates or had a zero growth.
  

• Year-on-Year

  The annual growth rate of the Construction Materials Wholesale Price Index (CMWPI) in NCR rose to 8.7 percent in July from 8.4 percent in June. This can be attributed to higher annual adjustment registered in the index of asphalt at 20.0 percent in July from 13.9 percent in June; fuels and lubricants, 19.8 percent from 18.7 percent; sand and gravel, 8.0 percent from 7.1 percent; tileworks, 4.3 percent from 3.6 percent; plywood, 12.0 percent from 11.3 percent; structural steel, 9.3 percent from 8.9 percent; electrical works, 8.2 percent from 7.8 percent; and concrete products, 7.6 percent from 7.2 percent. On the other hand, slower annual rates were noted in the indexes of lumber (7.3% from 8.2%), G.I. sheet (1.0% from 1.7%), reinforcing steel (8.2% from 8.6%); hardware (5.1% from 5.3%); and painting works (4.4% from 4.5%). Annual growths in the indexes of glass and glass products, doors, jambs and steel casement, plumbing fixtures and accessories/waterworks and PVC pipes remained at their respective last month's rates. The annual movement in the cement index further dropped to -7.0 percent from -5.4 percent while that for machinery and equipment rental index was still zero.

Source: National Statistics Office
Manila, Philippines

Page last revised: August 12, 2011