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Bulgaria posts EU's largest m/m fall in industrial PPI in March

May 7, 2024, 2:41:54 PMArticle by Mihaela Miteva
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May 7 (SeeNews) - Bulgaria registered the EU's sharpest monthly decline in the industrial producer price index (PPI) in March, at 3.4%, followed by Greece and Denmark with 2.3% each, Eurostat said.

Bulgaria posts EU's largest m/m fall in industrial PPI in March
Source: pixabay.com - jannonivergall

In contrast, Croatia recorded the sole month-on-month increase in industrial PPI among EU member states in Southeast Europe (SEE) and second-highest in the EU, at 0.2%, the bloc's statistical office said in a data release on Monday. Overall, industrial producer prices in the EU went down 0.5% in March compared to the previous month.

On an annual comparison basis, Bulgaria's industrial PPI declined the most among EU states in SEE, for which data is available, by 12.8%, compared to a bloc average drop of 7.6%.

On the other hand, Greece marked the smallest year-on-year fall in industrial prices in the region, at 1.3%.

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

EU member state March y/y March m/m
Bulgaria -12.8 -3.4
Croatia -2.0 0.2
Greece -1.3 -2.3
Romania n/a n/a
Slovenia -3.7 -0.1
EU average -7.6 -0.5

Source: Eurostat

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