Financial News: Eurozone Producer Prices Decline In September

Eurozone Producer Prices Decline In September

11/06/2024 - 11:00:00 (RTTNews)

(RTTNews) - Producer prices in the euro area fell on a monthly basis for the first time in four months in September amid a slump in energy prices, figures from the statistical office Eurostat showed on Wednesday.

Producer prices in the domestic market decreased 0.6 percent month-on-month, reversing a similar size gain in the previous month. This was the first decline since May. Prices excluding energy were unchanged from the previous month when they edged up 0.1 percent.

Energy prices decreased 1.9 percent, which was the first fall since May. Capital goods prices slid 0.1 percent. Intermediate goods prices were unchanged.

Both durable and non-durable consumer goods prices rose 0.2 percent after remaining flat in the previous month.

Producer prices shrunk 3.4 percent on a year-on-year basis, extending the declining trend seen over the past several months. In August, prices declined 2.3 percent. In the EU, producer prices fell 0.6 percent from the previous month and 3.3 percent from a year ago.

Among the EU member states, the steepest monthly decrease in industrial producer prices was recorded in Estonia, while the biggest increase was observed in Ireland.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. New Home Sales Show Significant Rebound In November (01 hr(s), 38 min(s), 53 sec(s) ago)
(RTTNews) - After reporting a sharp pullback by new home sales in the U.S. in the previous month, ...Full Story»

U.S. Consumer Confidence Unexpectedly Deteriorates In December (01 hr(s), 40 min(s), 53 sec(s) ago)
(RTTNews) - Consumer confidence in the U.S. has unexpectedly deteriorated in the month of December ...Full Story»

U.S. Durable Goods Orders Pull Back More Than Expected In November (01 hr(s), 50 min(s), 53 sec(s) ago)
(RTTNews) - New orders for U.S. manufactured durable goods slumped by much more than expected in t ...Full Story»

Lithuania Industrial Production Grows 4.1% (04 hr(s), 23 min(s), 53 sec(s) ago)
(RTTNews) - Lithuania's industrial output expanded in November, driven by strong growth in the ...Full Story»

Irish Consumer Confidence Weakens Marginally (04 hr(s), 50 min(s), 53 sec(s) ago)
(RTTNews) - Irish consumer confidence dropped slightly at the end of the year as households were w ...Full Story»

Irish Wholesale Prices Rise 2.1% In November (05 hr(s), 27 min(s), 53 sec(s) ago)
(RTTNews) - Ireland's wholesale prices increased for the first time in four months in November ...Full Story»

Poland Unemployment Rate Rises To 5.0% (05 hr(s), 42 min(s), 53 sec(s) ago)
(RTTNews) - The unemployment rate in Poland increased for the first time in four months in Novembe ...Full Story»

Italy Non-EU Trade Surplus Shrinks In November (06 hr(s), 26 min(s), 53 sec(s) ago)
(RTTNews) - Italy's non-EU trade surplus declined in November from a year ago, as imports grew ...Full Story»