EU, eurozone December chemical producer prices both up by 0.2%

04 February 2013 10:46  [Source: ICIS news]

LONDON (ICIS)--The December 2012 chemicals producer price index increased by 0.2% month on month in both the EU and the eurozone, statistics agency Eurostat said on Monday.

December’s positive figures mark a return to growth for chemicals following a decline in November of 0.6% in the EU and 0.8% in the 17-member eurozone.

On a year-on-year basis, the EU’s chemical producer price index rose by 3.0%, while the eurozone’s index was up by 3.3%.

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

“Prices fell in almost all Member States for which data are available, except Belgium and Sweden (both +1.2%) and Finland (+0.2%),” Eurostat said.

“The largest decreases in the total index were recorded in Bulgaria (-1.0%), Denmark (-0.8%), Cyprus (-0.7%) and Austria (-0.6%),” the agency added.

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

“Among the Member States for which data are available, the largest increases in the total index were observed in Belgium (+6.4%), Bulgaria (+5.4%) and Denmark (+4.9%), and the smallest in Austria (+0.1%), Sweden (+0.4%) and Poland (+0.6%),” Eurostat said.

EU, eurozone industrial and chemical producer prices


December 2012 vs.
November 2012

December 2012 vs. December 2011

EU chemicals

+0.2%

3.0%

eurozone chemicals

+0.2%

3.3%

EU industry

-0.2%

1.9%

eurozone industry

-0.2%

2.1%


By: Graeme Paterson
+44 20 8652 3214



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