CMWPI in NCR continued its upward trend in May 2022

The CMWPI in NCR rose further at an annual rate of 8.3 percent in May 2022. Its annual growth in April 2022 was posted at 6.9 percent and in May 2021 at 2.0 percent.

Higher double-digit annual growths were still recorded during the month in the indices of G.I. sheet, which rose further to 13.8 percent; reinforcing and structural steel, 15.7 percent; and fuels and lubricants at 46.1 percent.

Annual increments were also higher in the indices of the following commodity groups during the month:

a. Sand and gravel, 3.8 percent; b. Hardware, 5.2 percent; c. Plywood, 4.7 percent; d. Lumber, 4.2 percent; e. Glass and glass products, 1.6 percent f. Doors, jambs, and steel casement, 2.0 percent; g. Painting works, 5.0 percent; and h. PVC pipes, 10.3 percent.

In addition, the index of tileworks registered an annual increase of 0.1 percent during the month after exhibiting an annual decline of -0.4 percent in the previous month.

On the other hand, annual hikes slowed down in the indices of concrete products and cement at 4.6 percent; electrical works, 8.6 percent; and plumbing fixtures and accessories/waterworks, 7.1 percent.

The indices of asphalt, and machinery and equipment rental retained their zero percent annual growth during the month.

Source: PSA

San Carlos aiming to build P1B sports complex

The San Carlos City government is aiming to enter into a public-private partnership for the construction of a P1 billion sports complex, Mayor Renato Gustilo said on June 5.

The sports complex will be built on a 5-hectare city government owned property in Galicia, San Carlos City, he said.

Under the PPP scheme the city can start paying for a loan for its construction three years after it is availed of, Gustilo said.

There is a contractor that has offered to partner with the city government for the construction of the sports complex, he added.

Gustilo said the San Carlos Sports Complex is expected to be bigger and more modern than the Panaad Park and Stadium in Bacolod City owned by the Negros Occidental provincial government.

The Development Bank of the Philippines has assured that a loan for the project can be approved in three to four months, he said.

The San Carlos City government is also constructing a 7-storey annex to its city hall, and has purchased land in the area for future expansion, he said.

Gustilo said P100 million has also been allocated by the Department of Public Works and Highways Special Task Force to End Local Communist Armed Conflict for the concreting of roads in barangays Codcod, Nataban, Buluangan, Guadalupe, and Quezon.

The concreting of the barangay roads is expected to be completed this year, he said.

Also in the pipeline is the construction of a circumferential road that will connect a future reclamation area of San Carlos City going to the port, he said.

Source: Digicast Negros

Construction Materials Wholesale Price Index April 2022

CMWPI in NCR picked up further in April 2022

The annual rate of CMWPI in NCR moved up to 6.9 percent in April 2022, from 6.6 percent in March 2022. In April 2021, its annual growth rate was recorded at 2.4 percent.

Higher double-digit annual growths were recorded in the indices of reinforcing and structural steel which rose further at 11.2 percent; and fuels and lubricants at 41.7 percent during the month.

Moreover, annual increases were higher in the indices of the following commodity groups:

a. Sand and gravel, 2.7 percent; b. Hardware, 4.6 percent; c. Lumber, 3.8 percent; d. Doors, jambs, and steel casement, 1.9 percent; e. Plumbing fixtures and accessories/waterworks, 8.0 percent; and f. Painting works, 4.7 percent.

Meanwhile, annual increments were slower in the indices of plywood at 4.4 percent; electrical works, 9.5 percent; and PVC pipes, 3.8 percent. In addition, the index of tileworks remained at a decline with -0.4 percent annual drop in April 2022.

The indices of the rest of the commodity groups either retained their previous month’s positive annual growth rates or had zero percent annual growth during the month.

Source: PSA