Financial News: Spain Producer Prices Continue To Fall

Spain Producer Prices Continue To Fall

09/25/2024 - 07:56:00 (RTTNews)

(RTTNews) - Spain's producer prices continued to decline in August but the pace of decrease slowed, data published by the statistical office INE showed on Wednesday.

Producer prices fell 1.3 percent on a yearly basis after easing 1.6 percent in July. Prices have been falling since March 2023.

Month-on-month, producer prices posted 1.5 percent increase, the same pace of rise as seen in July.

The annual fall was driven by the 6.0 percent decrease in energy prices and a 1.2 percent drop in intermediate goods prices. Meanwhile, prices of capital and consumer goods gained 2.3 percent and 1.6 percent, respectively.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

OECD Raises 2024 Global Growth Forecast To 3.2% (06 min(s), 38 sec(s) ago)
(RTTNews) - The Organisation for Economic Cooperation and Development on Wednesday raised the glob ...Full Story»

U.S. Crude Oil Inventories Slump Much More Than Expected (39 min(s), 38 sec(s) ago)
(RTTNews) - Crude oil inventories in the U.S. tumbled by much more than expected in the week ended ...Full Story»

U.S. New Home Sales Pull Back Sharply In August (50 min(s), 38 sec(s) ago)
(RTTNews) - After reporting a substantial increase by new home sales in the U.S. in the previous m ...Full Story»

Spain Producer Prices Continue To Fall (03 hr(s), 19 min(s), 38 sec(s) ago)
(RTTNews) - Spain's producer prices continued to decline in August but the pace of decrease sl ...Full Story»

Sweden Central Bank Cuts Interest Rate; Signals More Easing (03 hr(s), 37 min(s), 38 sec(s) ago)
(RTTNews) - Sweden's central bank reduced its benchmark rate by a quarter point on Wednesday a ...Full Story»

French Consumer Confidence Strongest Since Early 2022 (07 hr(s), 01 min(s), 38 sec(s) ago)
(RTTNews) - French consumer sentiment strengthened to the highest level in more than two years in ...Full Story»

Australia Inflation At 3-Year Low (08 hr(s), 43 min(s), 38 sec(s) ago)
(RTTNews) - Australia's inflation slowed to a three-year low in August on falling auto fuel an ...Full Story»

European Economic News Preview: France Consumer Confidence Data Due (09 hr(s), 01 min(s), 38 sec(s) ago)
(RTTNews) - Consumer confidence from France is the top economic news due on Wednesday, headlining ...Full Story»