For the Quarter Ending September 2025
North America
• In the United States, the Granite Price Index rose quarter-over-quarter in Q3 2025, driven by increasing production costs.
• Granite production costs increased due to a 2.6% rise in the Producer Price Index in August 2025.
• The Consumer Price Index increased by 3.0% in September 2025, impacting granite operational costs.
• Retail sales grew by 5.42% in September 2025, indicating robust consumer spending for home improvements.
• A low unemployment rate of 4.3% in September 2025 supported consumer income and discretionary spending.
• Industrial production saw a slight 0.1% increase in September 2025, limiting growth in commercial granite applications.
• Consumer confidence declined to 94.2 in September 2025, potentially dampening future granite demand for renovations.
• The Granite Price Forecast suggests continued upward pressure due to persistent inflation in production inputs.
Why did the price of Granite change in September 2025 in North America?
• Rising input costs, evidenced by a 2.6% PPI increase in August 2025, pushed granite production expenses higher.
• A 3.0% CPI increase in September 2025 contributed to elevated operational costs for granite quarrying and processing.
• Despite mixed demand signals, cost-push inflation from macroeconomic factors primarily influenced granite price trends.
APAC
• In China, the Granite Price Index fell quarter-over-quarter in Q3 2025, driven by deflationary pressures and contracting manufacturing.
• Granite production costs decreased in September 2025, influenced by a -2.3% decline in the Producer Price Index.
• Granite demand outlook is mixed, with consumer confidence at 89.6 in September 2025 indicating consumer pessimism.
• Retail sales grew 3.0% year-over-year in September 2025, supporting some residential and commercial renovation demand.
• Industrial Production expanded 6.5% year-over-year in September 2025, potentially boosting demand for industrial projects.
• The Manufacturing Index was contracting in September 2025, signaling a broader slowdown in construction-related sectors.
• Deflationary pressures, with CPI at -0.3% year-over-year in September 2025, reflected weak consumer demand.
• Granite price forecast suggests continued downward pressure due to overall economic headwinds and weak consumer sentiment.
Why did the price of Granite change in September 2025 in APAC?
• Producer Price Index declined -2.3% year-over-year in September 2025, reducing input costs for granite production.
• Consumer confidence at 89.6 in September 2025 indicated reduced discretionary spending on granite home improvements.
• The Manufacturing Index was contracting in September 2025, signaling a slowdown in construction and industrial demand.
Europe
• In Germany, the Granite Price Index fell quarter-over-quarter in Q3 2025, driven by contracting construction activity.
• Granite production costs saw downward pressure from a 1.7% decline in producer prices in September 2025.
• Granite demand outlook remained weak due to contracting construction and declining private consumption in Q3 2025.
• Germany's Manufacturing Index was Contracting in Q3 2025, signaling reduced industrial investment for granite.
• Industrial production declined 1.0% in September 2025, dampening demand for construction materials like granite.
• European natural gas spot prices eased in Q3 2025, offering some relief to energy-intensive granite processing.
• Retail sales rose 0.2% in September 2025, marginally supporting residential granite demand amidst overall weakness.
• The unemployment rate remained stable at 6.3% in September 2025, impacting consumer confidence and spending.
Why did the price of Granite change in September 2025 in Europe?
• Construction activity in Germany contracted in Q3 2025, with new orders declining, reducing granite demand.
• Producer prices declined 1.7% in September 2025, driven by lower energy costs, easing granite production expenses.
• Germany's industrial production fell 1.0% in September 2025, reflecting broader economic weakness and lower material demand.
