Be the first to comment!Industrial producer prices index decreased by 1.6% in July
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Provisional data indicate that the industrial producer price index decreased by 1.6 per cent when compared with the previous month.
Monthly comparison
In July, the producer price index for total industry went down by 1.6 per cent, primarily as a result of a decrease in producer prices of 2.8 per cent in the intermediate goods sector. On the other hand, capital goods advanced slightly by 0.1 per cent. Energy and consumer goods prices remained stable.
Producer prices for the domestic market showed no change, as the 1.2 per cent increase in the capital goods sector was mitigated by the 0.5 per cent decline within the intermediate goods sector.
In the period under review, prices for the non-domestic market declined by 2.5 per cent on account of a decrease of 3.0 per cent in the intermediate goods sector. No changes were recorded in the other sectors.
Producer prices in respect of goods destined for the euro area went down by 2.8 per cent, the main contributor being the intermediate goods sector (-3.3 per cent). No price changes were registered for capital and consumer goods.
On the other hand, prices in respect of goods destined for the non-euro area rose by 0.4 per cent on account of a 0.7 per cent rise in prices for intermediate goods. Prices for capital and consumer did not change.
Annual comparison
Year-on-year, producer prices for total industry increased by 3.3 per cent. Energy prices rose by 22.4 per cent, while those for capital and consumer goods went up by 0.9 and 1.1 per cent respectively. Offsetting this rise was a decline in intermediate goods of 3.6 per cent.
Producer prices within the domestic market grew by 15.1 per cent as a result of increases in energy (+22.4 per cent), capital goods (+6.0 per cent), and consumer goods (+0.3 per cent), while prices for intermediate goods declined by 1.9 per cent.
During the period under review, producer prices for goods destined for the non-domestic market went down by 2.9 per cent on account of a 3.7 per cent decline in prices of goods for the euro area. Producer prices for goods destined for the non-euro area advanced by 4.7 per cent when compared to the corresponding month in 2009.?
