April’s industrial producer price index down by 1.77% on previous month – NSO

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April's industria producer price index down by 1.77% on previous month - NSOProvisional data indicate that the industrial producer price index in April 2014 decreased by 1.77 per cent over the previous month, the National Statistics Office said today.

During April, the producer price index for total industry decreased by 1.77 per cent to 94.45 points. The most significant decrease was in the energy sector, where prices fell by 6.99 per cent. Further price decreases were registered in intermediate goods, consumer and capital goods, by 1.55, 0.37 and 0.02 per cent respectively.

Prices within the domestic market decreased by 2.29 per cent, mainly on account of a decrease in energy prices by 6.99 per cent. Other price declines were found in consumer goods (-0.07 per cent) and in capital goods (-0.05 per cent).

Prices for the non-domestic market decreased by 1.37 per cent, as prices in respect of goods destined for the euro area dropped by 1.29 per cent while prices in the non-euro area decreased by 1.42 per cent.

On an annual basis, the industrial producer price index decreased by 3.03 per cent. The downturn resulted from price decreases in energy (-6.99 per cent), intermediate goods (-4.11 per cent) and consumer goods (-1.27 per cent). However, prices for capital goods increased by 1.31 per cent.

Producer prices for the domestic market decreased by 1.94 per cent, mainly on account of a drop in the producer prices of the energy sector. In contrast, price increases of 3.06 and 0.81 per cent were recorded in capital and consumer goods respectively.

During the period under review, non-domestic prices decreased by 3.82 per cent, mainly resulting from a decline of 5.85 per cent within the non-euro area.

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