Financial News: Italy Producer Prices Continue To Fall

Italy Producer Prices Continue To Fall

05/02/2024 - 06:19:00 (RTTNews)

(RTTNews) - Italy's producer prices continued to decline sharply in March, data from the statistical office ISTAT showed on Thursday.

Producer prices posted an annual decrease of 9.6 percent after a 10.8 percent drop in February. Producer prices have been falling since April 2023.

The annual decline in March was largely driven by a 28.1 percent plunge in energy costs. Prices for intermediate goods were 5.6 percent lower.

Prices in the domestic market were down 12.7 percent, and those in the foreign market decreased by 1.2 percent.

On a monthly basis, producer prices dropped 0.2 percent after a 1.0 percent decline in the previous month. This was the fifth successive monthly fall.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

China Data On Tap For Friday (04 hr(s), 16 min(s), 36 sec(s) ago)
(RTTNews) - China is scheduled to release a batch of data on Friday, headlining a busy day for Asi ...Full Story»

Treasury Reveals Details Of This Month's Twenty-Year Bond Auction (08 hr(s), 43 min(s), 36 sec(s) ago)
(RTTNews) - The Treasury Department announced the details of this month's auction of twenty-ye ...Full Story»

U.S. Industrial Production Unexpectedly Unchanged In April (11 hr(s), 33 min(s), 36 sec(s) ago)
(RTTNews) - With a surge in utilities output offset by decreases in mining and manufacturing outpu ...Full Story»

Philly Fed Index Indicates Notably Slower Growth In May (11 hr(s), 53 min(s), 36 sec(s) ago)
(RTTNews) - Philadelphia-area manufacturing activity saw a notable slowdown in the pace of growth ...Full Story»

U.S. Import Prices Jump 0.9% In April, Much More Than Expected (12 hr(s), 13 min(s), 36 sec(s) ago)
(RTTNews) - The Labor Department released a report on Thursday showing U.S. import prices jumped b ...Full Story»

U.S. Weekly Jobless Claims Pull Back From More Than Eight-Month High (12 hr(s), 25 min(s), 36 sec(s) ago)
(RTTNews) - After reporting a notable increase in first-time claims for U.S. unemployment benefits ...Full Story»

U.S. Housing Starts Rebound In April But Building Permits Extend Slump (12 hr(s), 37 min(s), 36 sec(s) ago)
(RTTNews) - New residential construction in the U.S. rebounded in the month of April, according to ...Full Story»

U.S. Industrial Production Comes In Flat In April (12 hr(s), 59 min(s), 36 sec(s) ago)
(RTTNews) - With a surge in utilities output offset by decrease in mining and manufacturing output ...Full Story»