Financial News: Cyprus Producer Prices Continue To Fall

Cyprus Producer Prices Continue To Fall

12/31/2024 - 11:27:00 (RTTNews)

(RTTNews) - Industrial producer prices in Cyprus decreased at a faster pace in November, preliminary figures from the statistical office showed Tuesday. The index of industrial output prices fell 1.6 percent year-on-year following a revised 0.6 percent decline in October. The latest drop was the most severe since April.

Prices on the local market continued to lead the overall decline in output prices. Local market output prices fell 2.0 percent in November. Those on the export market increased 0.6 percent.

<a href=https://www.rttnews.com/3499845/cyprus-industrial-output-grows-2-0-in-october.aspx target=_blank >Cyprus Industrial Output Grows 2.0% In October</a> <a href=https://www.rttnews.com/3498161/cyprus-hicp-inflation-accelerates-in-november.aspx target=_blank >Cyprus HICP Inflation Accelerates In November</a>

Among the industrial sectors, manufacturing registered an increase of 1.0 percent in output prices.

Water supply and materials recovery logged a 0.7 percent gain and mining and quarrying reported a 0.6 percent increased. Prices in the electricity supply sector slumped 11,7 percent.

Prices decreased 1.1 percent from October.

During the January to November period, the industrial output prices shrunk 2.0 percent from a year ago.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Deteriorates More Than Previously Estimated In January (11 hr(s), 03 min(s), 41 sec(s) ago)
(RTTNews) - Revised data released by the University of Michigan on Friday showed consumer sentimen ...Full Story»

Eurozone Private Sector Grows In January (11 hr(s), 28 min(s), 41 sec(s) ago)
(RTTNews) - Euro area private sector returned to growth in January as the contraction in manufactu ...Full Story»

U.S. Existing Home Sales Jump Much More Than Expected In December (11 hr(s), 38 min(s), 41 sec(s) ago)
(RTTNews) - A report released by the National Association of Realtors on Friday showed existing ho ...Full Story»

Slovenia Consumer Confidence Weakens Slightly (12 hr(s), 49 min(s), 41 sec(s) ago)
(RTTNews) - Slovenian consumers remained slightly more pessimistic at the start of the year, figur ...Full Story»

Hungary Jobless Rate Falls To 4.4% (13 hr(s), 19 min(s), 41 sec(s) ago)
(RTTNews) - Hungary's unemployment rate increased during the October-December period, data fro ...Full Story»

Taiwan Q4 GDP Growth Eases To 1.84% (13 hr(s), 48 min(s), 41 sec(s) ago)
(RTTNews) - Taiwan's economy continued to expand in the final quarter of 2024, though at the ...Full Story»

UK Private Sector Logs Further Marginal Expansion (14 hr(s), 15 min(s), 41 sec(s) ago)
(RTTNews) - The UK private sector activity expanded at the fastest pace in three months in January ...Full Story»

Spain Producer Prices Rise 2.3% In December (15 hr(s), 23 min(s), 41 sec(s) ago)
(RTTNews) - Spain's producer prices increased for the second straight month in December amid a ...Full Story»