The U.S. Department of Labor reports that glass and glass product manufacturing prices dropped in April, ending a run of rising rates. According to the department’s Producer Price Index (PPI), April’s PPI for glass and glass product manufacturing decreased by 0.6%, following a revised 0.1% increase in March. Year-over-year prices for the segment remained elevated by 0.1%. The PPI measures price changes before products reach consumers.

The overall PPI rose 0.5% in April, higher than the 0.3% increase expected and accelerating from the 0.1% decrease in March (revised from 0.2%). Year over year, producer prices jumped by 2.2% in April, up from 1.8% in March, marking the biggest increase in a year.

Glass and Glazing Material Prices

Flat Glass—The PPI percentage for flat glass remained stagnant in April, following a revised 0.7% drop in March. After a 0.6% increase from November to December 2023, the sector has remained relatively stable despite overall PPI fluctuations. Prices remained 0.5% lower than in April 2023.

Flat Glass Manufacturing—Prices for flat glass manufacturing were flat in April, concluding several months of rising and falling rates. The PPI fell by 0.5% in March, while February’s reading increased by 0.5%. Flat glass manufacturing prices were down 2.2% yearly compared to April 2023. Flat glass manufacturing consists of flat glass (float, sheet and plate processes) made by flat glass producers.

Fabricated Structural Metal Products—The PPI for fabricated structural metal products rose by 0.4% in April, following a revised 0.0% reading in March. The last percentage decrease was 0.3% in February 2024. Year over year, prices for the index remain 1.1% higher. Fabricated structural metal products include metal linings, culverts, casings, bar joists and plates.

Ornamental and Architectural Metalwork—Ornamental and architectural metalwork products surged in April, rising by 5.9%. This follows a revised 0.8% increase in March. The new year has not been favorable for the sector, which has borne the brunt of continued price increases. The sector’s year-over-year PPI was 8.4% higher than in April 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 April, continuing a trend of stagnant prices. Year over year, metal window prices were down 0.5%. Metal windows include window frames comprised of aluminum or steel.

Metal Doors and Frames — Metal door and frame prices did not increase in April, hovering around 0% for the fourth month out of the past five. Despite the flat reading, year-over-year prices for metal doors and frames increased by 1%.

Builders’ Hardware—Prices for builders’ hardware, including window hardware, were flat for the second consecutive month. The last price increase for the sector was a 1.5% jump in February 2024. Year over year, prices for builders’ hardware products were down 0.9% compared to April 2023.

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