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Reduction in production and increase in producer prices in Construction

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Reduction in production and increase in producer prices in Construction

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The Production Index in Construction during the third quarter of 2021 amounted to 191.43 points (based on 2015 = 100.00), recording a decrease of 3.3% compared to the third quarter of 2020.

By type of project, there was a decrease of 3.6% in buildings and 1.2% in civil engineering projects in the third quarter of 2021 compared to the corresponding quarter of 2020.

Reduction in production and increase in producer prices in Construction

At the same time, the Producer Price Index in Construction for the third quarter of 2021 amounted to 116.68 points (based on 2015 = 100.00), recording an increase of 2.0% compared to the second quarter of 2021. Compared to Compared to the same quarter last year, the index increased by 6.4%.

Reduction in production and increase in producer prices in Construction

By type of project, there was an increase of 7.3% in buildings and 3.1% in civil engineering projects in the third quarter of 2021 compared to the corresponding quarter of 2020.

Source: www.philenews.com

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