EU chemicals producer prices fall 0.6% in November

07 January 2013 12:23  [Source: ICIS news]

LONDON (ICIS)--The EU chemicals producer price index fell by 0.6% in November from the previous month, statistics agency Eurostat said on Monday.

The index for the 17-member eurozone fell by 0.8% month on month in November, with the producer price drops following three months of consecutive growth for both regions.

On a year-on-year basis, the EU’s chemical producer price index rose by 2.7% during November, while the eurozone’s index was up 3.1%.

The industrial producer price index for total industry in November fell by 0.2% month on month in both the EU and the eurozone.

Among the member states for which data are available, the largest [month-on-month] decreases in the total index were recorded in Greece (-0.9%), Lithuania, Hungary and Portugal (all -0.6%), and the highest increases in Denmark (+0.7%), Belgium (+0.6%) and Ireland (+0.4%),” Eurostat said.

Compared with the same month in 2011, November prices were up by 1.9% in the EU and by 2.1% in the eurozone.

“Among the member states for which data are available, the largest [year-on-year] increases in the total index were observed in Bulgaria (+6.4%), Cyprus (+5.6%), Belgium and Romania (both +5.3%), and the smallest in Austria (+0.3%), Hungary (+0.6%), Malta (+0.9%) and the UK (+1.1%). The only decrease was recorded in Sweden (-1.6%),” the agency added.

EU, eurozone industrial and chemical producer prices

 

November 2012 vs.
October 2012

November 2012 vs. 
November 2011

EU chemicals

-0.6%

2.7%

eurozone chemicals

-0.8%

3.1%

EU industry

-0.2%

1.9%

eurozone industry

-0.2%

2.1%


By: Tom Brown
+44 208 652 3214



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