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Monday, 14 September 2020 18:48

PPI: August Shows Upswing in Auto Glass Material Pricing

Written by Emmariah Holcomb, glassBYTEs.com

Index

Prices for materials used in the auto glass industry showed mostly increases in August, according to recently released Producer Price Index (PPI) data from the Bureau of Labor Statistics (BLS.)

The monthly PPI, which includes auto glass*, increased by 1.4% on a year-over-year basis. The PPI went down by 0.1% from July.

 

According to the BLS, the commodity classification “organizes products and services by similarity or material composition, regardless of the industry classification of the producing establishment.”

 

Prices for motor vehicle parts went down by 0.1% from August 2019, and in that index, in the commodity grouping, month-over-month prices remained the same.

 

The PPI for molded rubber mechanical goods (automotive) remained the same when compared to its reading last month, and also saw a decrease of 1.4% when compared to last year.

 

Adhesives and sealants saw an increase of 0.2% when compared to last month and saw an increase of 1% from last year.


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