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Romania's industrial PPI falls 4% y/y in April

Jun 4, 2024, 5:04:42 PMArticle by Alexandru Cristea
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June 4 (SeeNews) - Romania’s industrial producer prices fell by 4% year-on-year in April, mainly due to a drop in mining and utilities, the statistical office, INS, said on Tuesday.

Romania's industrial PPI falls 4% y/y in April
Romania's industrial PPI as of April 2024. Source: INS

On a monthly comparison basis, industrial producer prices edged down by 0.01% in April, INS said, quoting provisional figures.

On the domestic market, industrial producer prices decreased by 5.7% year-on-year in April, while on the external market prices inched up by an annual 0.7%.

Energy prices fell 13.4% on the year in April, while the prices of intermediate goods decreased by 3.7%. Capital goods saw a 6% annual increase, while the prices of durable and non-durable consumer goods increased by 1.89% and 3.89%, respectively.

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

April y/y March y/y April m/m March m/m
Total -3.96 -7.94 -0.01 -1.78
-mining -13.62 -6.41 -10.25 -0.32
-manufacturing +1.45 +1.05 +0.40 +0.27
-utilities -16.06 -26.62 -0.14 -7.21
-water and waste management +15.56 +16.53 +0.11 +0.16

Source: INS

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