Net output price indexes for mining, manufacturing, and services industries
Mining. The Producer Price Index for the Net Output of Total Mining Industries turned up 6.8 percent in October, following a 5.3-percent decline in the previous month. (Net output price indexes are not seasonally adjusted.) Most of this upturn can be attributed to prices received by the industries for crude petroleum and natural gas extraction and for natural gas liquid extraction. The industry index for crude petroleum and natural gas extraction jumped 11.6 percent, after decreasing 4.6 percent in the prior month, while prices received by the industry for natural gas liquid extraction advanced 4.9 percent, following a 13.9-percent drop in September. The industry indexes for coal mining support activities and potash, soda, and borate mineral mining also moved up, after falling a month earlier. Prices received by the industries for oil and gas well drilling and for gold ore mining increased at a faster rate in October than they did in the preceding month. By contrast, the industry index for bituminous coal and lignite surface mining declined 3.0 percent in October, compared with a 5.8-percent rise a month earlier. Prices received by the industries for oil and gas operations support activities and construction sand and gravel mining increased less than they did in September. In October, the Producer Price Index for the Net Output of Total Mining Industries was 158.9 (December 1984=100), 29.5 percent above its year-ago level.Manufacturing. The Producer Price Index for the Net Output of Total Manufacturing Industries increased 1.7 percent in October, after rising 0.3 percent in the preceding month. Prices received by the industry group for petroleum and coal products manufacturing went up 11.2 percent, following a 2.1-percent gain in September. The industry group index for plastics and rubber products manufacturing also advanced at a quicker pace than it did in the prior month. Prices received by the industry groups for transportation equipment and furniture and related products manufacturing increased, after showing no change a month earlier. The industry group index for food manufacturing fell less than it did in September, while prices received by the industry group for textile mills turned up. On the other hand, the rate of increase in the industry group index for chemical manufacturing slowed from 1.4 percent in September to 0.9 percent in October. Prices received by the industry groups for nonmetallic mineral product manufacturing and primary metal manufacturing also advanced at a slower rate than they did in September, while the industry group index for printing and related support activities turned down. In October, the Producer Price Index for the Net Output of Total Manufacturing Industries was 146.5 (December 1984=100), 6.0 percent above its year-ago level.
Services. Among services industries, prices received by the industry for scheduled passenger air transportation advanced 0.8 percent in October, compared with a 3.4-percent decline in the prior month. The industry indexes for investment banking and securities dealing, software publishers, casino hotels, cable networks, and temporary help services also turned up, after falling in September. Prices received by the hotels (except casino hotels) and motels industry declined less than they did in the previous month. Alternatively, the industry index for portfolio management turned down 1.4 percent in October, after posting a 2.9-percent increase in the preceding month. Prices received by the industry for television broadcasting also declined, following gains in September. The industry group index for offices of real estate agents and brokers decreased, after showing no change in the prior month. Prices received by the deep sea freight transportation industry showed no change, after rising a month earlier, while the industry index for nonresidential property managers fell more in October than it did in September.
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