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Bulgaria posts EU's largest annual drop in industrial PPI in Oct

Dec 5, 2023, 4:06:13 PMArticle by Mihaela Miteva
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December 5 (SeeNews) - Bulgaria posted the EU's steepest annual drop in the industrial producer price index (PPI) in October, at 25.9%, Eurostat said on Tuesday.

Bulgaria posts EU's largest annual drop in industrial PPI in Oct
Industry

In contrast, Slovenia registered the second-highest annual rise in industrial PPI in the EU and sole increase among EU member states in Southeast Europe (SEE), at 2.5%, the bloc's statistical office said in a data release.

Elsewhere in SEE, Greece's industrial producer prices went down 14.7% in annual terms, marking the third-largest decline in the EU. Greece also recorded the third-highest monthly fall in the bloc, at 1.9%.

Romania was the only country among EU members in SEE to post a monthly industrial PPI rise in the review month, at 0.6%.

Industrial producer prices in the EU overall slipped by 8.7% on the year and inched up 0.2% month-on-month in October.

Below are the percentage changes in the PPI of EU member states in SEE in October:

EU member state Oct y/y Oct m/m
Bulgaria -25.9 -0.6
Croatia -0.5 -1.1
Greece -14.7 -1.9
Romania -2.9 0.6
Slovenia 2.5 -0.3
EU average -8.7 0.2

Source: Eurostat

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