Please Note: Gozonews.Com is now simply Gozo.News - Kindly update your bookmarks and links - Existing Gozonews.Com links should continue to function correctly

February’s producer price index to total industry rose 0.8%

Email item Email item Print item Print item

February's producer price index to total industry rose 0.8%Provisional data indicate that the industrial producer price index in February went up by 0.8 per cent when compared to the previous month.

In February, the producer price index for total industry went up by 0.8 per cent. This resulted in an increase of 1.5 per cent in intermediate goods, and a rise of 0.2 per cent in both the capital and consumer goods sectors. During this period energy prices remained stable. Prices for the domestic market edged up by 0.1 per cent. The consumer goods sector increased by 0.3 per cent, while no price changes were recorded in the other sectors.

Overall, producer prices in the non-domestic market went up by 1.3 per cent, in view of an increase of 1.6 per cent in the intermediate goods sector. Capital goods edged up by 0.2 per cent, while prices for consumer goods remained stable.

Producer prices in respect of goods destined for the euro area increased by 1.5 per cent, resulting mainly from a rise of 1.7 per cent in prices for intermediate goods and a 0.2 per cent rise in capital goods. No change was registered within the consumer goods sector.

Prices for goods destined for the non-euro area were up by 0.3 per cent. This was due to increases of 0.5 per cent in intermediate goods and 0.3 per cent in prices for capital goods.

Year-on-year, producer prices for total industry declined by 4.5 per cent. During this period, producer prices for intermediate goods dropped by 8.8 per cent. On the other hand, prices for capital and consumer goods went up by 0.4 and 1.7 per cent respectively. Energy prices remained unchanged.

Producer prices for the domestic market went up by 0.6 per cent. Whereas prices for intermediate goods increased by 1.1 per cent, prices in the capital and consumer goods sectors both rose by 2.2 per cent.

During this period, producer prices for goods destined for the non-domestic market decreased by 7.8 per cent on account of a drop in prices in the euro area of 8.8 per cent. This was partly mitigated by an increase of 1.5 per cent in prices for goods destined for the non-euro area.

These figures come from the National Statistics Office.

  • Permalink: February’s producer price index to total industry rose 0.8%
  • You may also like...

    Leave a Reply

    Your email address will not be published. Required fields are marked *