EU May chemical producer prices down 1.1%, fall 1.2% in eurozone

02 July 2013 11:03  [Source: ICIS news]

LONDON (ICIS)--Chemical producer prices in the EU fell by 1.1% in May from the previous month and declined by 1.2% in the eurozone, official data showed on Tuesday.

Prices were also down in both regions year on year, with prices falling by 1.8% in the EU in May compared with May 2012, and declining by 1.9% in the eurozone over the same period.

Europe’s total industrial producer prices were also down in May, falling by 0.3% in both the EU and the eurozone, according to the estimates from EU statistical office Eurostat.

“Prices decreased in most of the Member States for which data are available,” the agency said.

“The largest decreases in the total index were observed in Estonia (-3.6%), France (-1.2%), Denmark and Cyprus (both -0.8%). Increases were recorded only in Spain (+1.3%), Greece, Lithuania and Poland (all +0.1%), while prices remained stable in Malta.”

On an annual basis, industrial producer prices were stable in the EU and fell by 0.1% in the eurozone.

“The highest increases in the total index were observed in Estonia (+6.7%), Romania (+4.9%), Latvia (+2.1%), Denmark (+1.7%) and the United Kingdom (+1.5%), and the largest decreases in Poland (-2.1%), Cyprus (-2.0%), Hungary and Sweden (both -1.5%), the Netherlands and Austria (both -1.2%),” Eurostat said.

May 2013 vs
April 2013

May 2013 vs 
May 2012

EU chemicals

-1.1%

-1.8%

Eurozone chemicals

-1.2%

-1.9%

EU industry

-0.3%

Stable

Eurozone industry

-0.3%

-0.1%


By: Graeme Paterson
+44 20 8652 3214



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