NCR Construction Prices rise in September

Both wholesale and retail prices of construction materials in the National Capital Region (NCR) rose in September, latest reports from the Philippine Statistics Authority showed.

The September Construction Materials Wholesale Price Index (CMWPI) posted an annual expansion of 1.7 percent and the Construction Materials Retail Price Index (CMRPI) of 2.0 percent.

Meanwhile, the annual increments in carpentry materials index decelerated to 1.7 percent; electrical materials index, to 1.3 percent; masonry materials index, 3 percent; painting materials and related compounds index, 1.4 percent; and tinsmithry materials index, 0.6 percent.

In contrast, annual growth in the wholesale price index gained pace on annual increases in most indices, led by steel at 7.4 percent and cement at 2.9 percent.

Similarly, a number of indices in the CMRPI registered growth but at a slower pace in September. Of these, sand and gravel at 3.3 percent; concrete products, 2.1 percent; hardware and electrical works, both at 0.6 percent; and plumbing fixtures and accessories/waterworks, 1.2 percent.

However, annual declines were seen in the indices of lumber, at -0.5 percent; G.I. sheet, -2.7 percent; structural steel, -3.8 percent; tileworks, -1.1 percent; doors, jambs and steel casement, -1.6 percent; and painting works, -0.4 percent.

 

Source: Philippine Statistics Authority and Business World Online