After several months of elevated rates, glass prices are down. The U.S. Department of Labor’s (DOL) monthly Producer Price Index (PPI) indicated that prices for glass and glass product manufacturing decreased by 0.2% in March. Compared to March 2023, prices for the sector are 0.1% higher.

DOL officials say that the overall PPI, which measures inflationary pressure before it reaches consumers, rose 2.1% this past month from March 2023, the biggest year-to-year jump since April 2023. According to a survey of forecasters by the data firm FactSet, economists had forecast a 2.2% increase.

Glass and Glazing Material Prices

Flat Glass—The PPI percentage for flat glass dropped by 0.3% in March, following a revised 0.3% increase in February. Prices for flat glass had not fallen in months before March’s reading. The sector’s prices remained 0.7% lower than in March 2023.

Flat Glass Manufacturing—Prices for flat glass manufacturing decreased by 1% in March. The drop followed a revised 1.1% increase in February and a 0.7% drop in January. Year-to-year, flat glass manufacturing prices were down 2.6% compared to March 2023.

Fabricated Structural Metal Products—The PPI for fabricated structural metal products declined for the second consecutive month. March’s 0.8% decrease followed a 0.5% drop in February. Despite the decreases, year-to-year prices for the index remain 1.2% higher. Fabricated structural metal products include metal linings, culverts, casings, bar joists and plates.

Ornamental and Architectural Metalwork—In March, ornamental and architectural metalwork products continued their streak of elevated prices. The index posted a 0.3% increase in March, following a 0.5% surge in February and a 0.4% gain in January. The year-to-year PPI for ornamental and architectural metalwork was 1.9% higher than in March 2023. Ornamental architectural metals are designed for aesthetic purposes when placed on high-end buildings.

Metal Windows—The PPI for metal windows remained flat in March, following a 0.1% increase in February. Year-to-year, metal window prices were down 0.5%. Metal windows include window frames comprised of aluminum or steel.

Metal Doors and Frames —The PPI for metal doors and frames stayed steady in March, hovering around 0% for the third month out of the past four. Despite the flat reading, year-to-year prices for metal doors and frames were up 1.7%.

Builders’ Hardware—Prices for builders’ hardware, including window hardware, were flat in March after jumping by a revised 2.1% in February. The PPI for builders’ hardware remained relatively unscathed throughout 2023. Year-to-year prices for the builders’ hardware products were up 1% compared to March 2023.

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