EU chem prices continued to rise at record levels in Nov

06 January 2005 12:21  [Source: ICIS news]

LONDON (CNI)--Chemical product prices in the European Union (EU) continued to rise at record levels during November, according to figures released on Thursday by official statistics agency Eurostat .

 

November prices in the 25-member EU increased by 6.5% compared to the same period of 2003, setting a new four-year high. This continued the trend set in October when year-on-year growth of 6.2% was then the fastest rate in four years.

 

Growth in November compared with October was up 0.4%.

 

Chemical product prices in the 12-member eurozone increased by 6.7% in November year-on-year and were up 0.4% compared with October.

 

Overall EU industrial producer prices increased by 2.9% in November year-on-year and prices in the eurozone rose 2.6%. Industrial producer prices went up by 0.1% from October to November in both the EU and the eurozone countries.  

 

  European industrial producer prices  

 

	November 2004 vs November 2003 (%)	November 2004 vs October 2004 (%)
EU chemicals	+6.5	+0.4
Eurozone chemicals	+6.7	+0.4
EU industry	+2.9	+0.1
Eurozone industry	+2.6	+0.1

 

Member states of the EU are Austria, Belgium, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Hungary, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Poland, Portugal, Slovenia, Slovakia, Spain, Sweden, The Netherlands and the UK.

 

The 12 eurozone members are Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal and Spain.

By: Hilde Ovrebekk
+44 20 8652 3214

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