EU chems October producer prices rise for third consecutive month

04 December 2012 10:49  [Source: ICIS news]

LONDON (ICIS)--The EU chemicals producer price index rose by 0.4% in October from the previous month, official statistics agency Eurostat said on Tuesday.

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

The index for the 17-member eurozone also rose in October by 0.5%, following the same monthly pattern of increase and decline.

On a year-on-year basis, the EU’s chemical producer price index was 2.9% higher, while the eurozone’s index was up by 3.5%.

The industrial producer price index for total industry in October rose by 0.1% from September in both the EU and the eurozone.

“Among the member states for which data are available, the highest increases in the total index were recorded in Belgium and the Netherlands (both +0.8%), Romania (+0.6%), France and the United Kingdom (both +0.5%), and the largest decreases in Lithuania (-1.1%), Greece (-1.0%), Poland (-0.6%), Italy and Finland (both -0.3%),” Eurostat said.

Compared with the same month in 2011, October prices were 2.5% higher in the EU and up by 2.6% in the eurozone.

“Among the member states for which data are available, the largest increases in the total index were observed in Bulgaria (+6.9%), Romania (+6.5%) and Cyprus (+6.3%), and the smallest in Sweden (+0.2%), Malta and Austria (both +0.9%),” the agency added.

EU, eurozone industrial and chemical producer prices


October 2012 vs.
September 2012

October 2012 vs. 
October 2011

EU chemicals

0.4%

2.9%

eurozone chemicals

0.5%

3.5%

EU industry

0.1%

2.5%

eurozone industry

0.1%

2.6%

Source: Eurostat


By: Graeme Paterson
+44 20 8652 3214



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