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Romania's industrial PPI edges down 1% y/y in May

Jul 2, 2024, 11:26:31 AMArticle by Alexandru Cristea
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July 2 (SeeNews) - Romania’s industrial producer prices fell by 1% year-on-year in May, mainly due to a drop in mining and utilities, the statistical office, INS, said on Tuesday.

Romania's industrial PPI edges down 1% y/y in May
Romania's industrial PPI as of May 2024. Source: INS

On a monthly comparison basis, industrial producer prices edged up by 0.7% in May, INS said, quoting provisional figures.

On the domestic market, industrial producer prices decreased by 2.2% year-on-year in May, while on the external market prices increased by an annual 2%.

Energy prices fell 6.2% on the year in May, while the prices of intermediate goods decreased by 2.7%. Capital goods saw a 6.28% annual increase, while the prices of durable and non-durable consumer goods increased by 1.39% and 3.53%, respectively.

Romania’s May industrial producer prices (provisional data, pct change):

May y/y April y/y May m/m April m/m
Total -1.03 -3.96 +0.66 -0.01
-mining -8.01 -13.62 +2.56 -10.25
-manufacturing +2.32 +1.45 +0.07 +0.40
-utilities -8.99 -16.06 +2.11 -0.14
-water and waste management +16.98 +15.56 +1.66 +0.11

Source: INS

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