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Bulk price growth of building materials in Metro Manila eases in May, retail price growth steadies - BusinessWorld Online

Summary

Wholesale price growth of construction materials in Metro Manila eased further in May, its slowest in three months, while retail price growth steadied, the Philippine Statistics Authority (PSA) reported on Friday. Based on preliminary data, the PSA showed that year-on-year growth of the construction materials wholesale price index (CMWPI) in the National capital region (NCR) cooled to 0.2% in May from 0.3% in April. The May reading was significantly lower than the 0.6% growth posted in May 2024. It was also the lowest year-on-year growth in three months, when February posted no annual growth. Year to date, May CMWPI growth averaged 0.2%, significantly lower than the 0.9% growth a year earlier. “The downtrend in the annual growth rate of the CMWPI was mainly caused by the slower annual increase of the concrete products index at 0.3% in May from 0.5% in the previous month,” the PSA said in the report. Concrete products accounted for 45.7% of the index.

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bworldonline.com

Bulk price growth of building materials in Metro Manila eases in May, retail price growth steadies - BusinessWorld Online

Wholesale price growth of construction materials in Metro Manila eased further in May, its slowest in three months, while retail price growth steadied, the Philippine Statistics Authority (PSA) reported on Friday. Based on preliminary data, the PSA showed that year-on-year growth of the construction materials wholesale price index (CMWPI) in the National capital region (NCR) cooled to 0.2% in May from 0.3% in April. The May reading was significa…

3 days ago

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bworldonline.com broke the news in 3 days ago on Friday, June 13, 2025.

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