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- Eurozone producer prices fall as expected April
Eurozone producer prices fall as expected April
Producer
prices in the euro area declined in April, and the rate of fall matched
economists' forecast, latest data showed Tuesday.
The
producer price index decreased 0.2 percent on an annual basis in April, in line
with economists' expectations. In March, prices increased by 0.6 percent, after
being revised down from 0.7 percent.
Driving the
overall decline, prices in the energy sector decreased by 2 percent, and
intermediate goods prices dropped 0.3 percent from a year earlier.
These
contractions were partially offset by increases of 0.7 percent and 1.9 percent
respectively in prices of durable consumer goods and non-durable consumer
goods. Capital goods prices were higher by 0.6 percent than in April 2012.
Among the
member states, the largest decreases were recorded in
Producer
prices dropped 0.6 percent compared to March 2013, when they recorded a 0.2
percent fall. The index was forecast to decline 0.2 percent month-on-month.
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