The Statistical Institute of Jamaica (STATIN) is reporting that the cost to produce goods in the manufacturing industry fell in the month of October.
The Producer Price Index for the sector was down one per cent.
The main contributor was a decline in the major group, 'Refined Petroleum Products', which fell by 6.4 per cent, due to lower crude oil prices on the international market.
But the falloff was tempered by a 0.4 per cent increase in the index for the major group 'Food Beverages & Tobacco'.
October's PPI movement brought the point-to-point index for the manufacturing industry up by 14.6 per cent.
The three major groups contributing to the growth were 'Refined Petroleum Products,' 'Food, Beverages & Tobacco', and 'Chemical and Chemical Products.
Mining and Quarrying PPI falls
The October PPI for the Mining and Quarrying industry fell by 9.4 per cent.
The movement in the index for the industry was mainly attributed to a 9.9 per cent decline in the index for the major group 'Bauxite Mining & Alumina Processing'.
The index for the other major group 'Other Mining & Quarrying' saw slight movement.
The Mining & Quarrying industry's point-to-point index fell by 19.8 per cent, following a 20.8 per cent decline in the index for the major group 'Bauxite Mining & Alumina Processing'.
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