EU chems producer price index continues growth in September

06 November 2012 10:56  [Source: ICIS news]

LONDON (ICIS)--The EU chemicals producer price index rose by 1.1% in September from the previous month, official statistics agency Eurostat said on Tuesday.

This was the second consecutive monthly increase following two months of decline in June and July.

The index for the 17-member eurozone also rose by 1.1%, following the same monthly pattern of increase and decline.

On a year-on-year basis, the EU’s chemical producer price index was 2.1% higher while the eurozone’s index was up by 2.7%.

The industrial producer price index for total industry in September rose by 0.3% from August in the EU and by 0.2% in the eurozone.

“Among the Member States for which data are available, the highest increases in the total index were recorded in Denmark (+1.1%), the Netherlands (+0.9%) and Portugal (+0.6%). Decreases were recorded in Greece (-0.6%), Spain and Italy (both -0.1%), while prices remained stable in the Czech Republic, Ireland and Slovenia,” Eurostat said.

Compared with the same month in 2011, September prices were 2.6% higher in the EU and up by 2.7% in the eurozone.

“Among the Member States for which data are available, the largest increases in the total index were observed in Bulgaria (+6.6%), Cyprus (+6.3%) and Romania (+6.0%), and the smallest in Sweden (+0.5%), Malta, Austria and Slovenia (all +0.9%),” the agency added.

EU, eurozone industrial and chemical producer prices


September 2012 vs.
August 2012

September 2012 vs. 
September 2011

EU chemicals

1.1%

2.1%

eurozone chemicals

1.1%

2.7%

EU industry

0.3%

2.6%

eurozone industry

0.2%

2.7%

Source: Eurostat


By: Graeme Paterson
+44 20 8652 3214



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