European chemical producer prices increase by 0.1% in January

04 March 2013 11:46  [Source: ICIS news]

LONDON (ICIS)--European chemical producer prices increased by 0.1% in January 2013 compared with the previous month, EU agency Eurostat said on Monday.

According to the statistics body, the January 2013 chemicals producer price index increased by 0.1% month on month for both the EU and eurozone areas. No data was available for year-on-year movements in the chemical producers index.

The increase marks the second month of consecutive growth for the index – albeit at a slower rate of expansion – following an increase of 0.2% for both regions in December.

The rate of growth for chemical producers was outpaced by general industrial producer prices excluding construction, which expanded by 0.6% in the EU and the eurozone during the same period, Eurostat added.

In December, the 0.2% hike in the chemical producer price index was generated against a 0.2% decline in the general industrial producers index.

“Among the member states for which data are available, the highest increases in the total index were observed in Estonia (+8.0%), Romania (+1.9%), Lithuania (+1.3%), the Czech Republic and Spain (both +1.1%),” Eurostat said.

“Decreases were recorded in Bulgaria (-0.8%), the Netherlands (-0.5%), Ireland and Cyprus (both -0.3%) and Hungary (-0.2%),” the agency added.

Compared with the same month in 2012, January prices were up by 1.9% in the eurozone and by 1.8% in the EU.

“Among the member states for which data are available, the largest increases in the total index were observed in Estonia (+10.0%), Romania (+6.6%), Belgium (+5.4%) and Denmark (+4.9%). Decreases were recorded in Sweden (-0.9%), Hungary (-0.3%) and Greece (-0.1%),” Eurostat said.

January 2013 vs.
December 2012

January 2013 vs. January 2012

EU chemicals

0.1%

--*

eurozone chemicals

0.1%

--*

EU industry

0.6%

1.8%

eurozone industry

0.6%

1.9%


* - data not currently available

By: Tom Brown
+44 208 652 3214



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