Eurozone producer prices fall in September
By Abigail Townsend
Date: Wednesday 06 Nov 2024
(Sharecast News) - Producer prices eased in the Eurozone in September, official data showed on Wednesday, in line with expectations.
According to first estimates from Eurostat, the statistical office of the European Union, industrial producer prices fell 0.6% in both the Eurozone and wider bloc.
In August, prices grew by 0.6% in the Eurozone and by 0.4% in the EU.
The biggest drag was a sharp fall in energy prices, down 1.9%. In contrast, capital goods eased just 0.1% while durable consumer goods and non-durable consumer goods both edged up 0.2%.
Among individual countries, Spain was one of the heaviest fallers, with a 2.4% slide in industrial producer prices, reversing August's 1.4% rise.
Germany, the bloc's biggest economy, fell 0.5%, in contrast to August's 0.2% uplift. France dipped 0.1% while Italy was off 0.8%.
Year-on-year, industrial producer prices slumped 3.4% in the Eurozone and 3.3% in the EU.
Special promo:
Trading the Forex Market? Visit FXmania.com to get advanced infomation about currencies and the Foreign Exchange
Market.
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN