Industrial producer price index down 0.36% in August

Provisional data indicate that the industrial producer price index in August 2015 decreased by 0.36 per cent over the previous month.

During August, the producer price index for total industry went down by 0.36 per cent to 93.90 points. Prices for intermediate goods decreased by 1.03 per cent whilst capital goods decreased by 0.15 per cent. Consumer goods prices increased by 0.36 per cent. Energy prices remained constant.

Prices within the domestic market decreased by 0.09 per cent. This was mainly due to the capital and intermediate goods sector, resulting in a decrease of 0.43 and 0.17 per cent respectively.

Prices for the non-domestic market dropped by 0.55 per cent as prices in respect of goods destined for the non-euro area and euro area decreased by 0.57 and 0.50 per cent respectively.

On an annual basis, the industrial producer price index went down by 2.15 per cent when compared to 2014. The downturn resulted from price decreases in energy (14.02 per cent) and intermediate goods (2.22 per cent). On the other hand, prices within capital and consumer goods rose by 1.67 and 1.45 per cent respectively.

Producer prices for the domestic market decreased by 4.00 per cent, mainly on account of a drop in prices for energy (14.02 per cent) and intermediate goods (0.41 per cent). Price increases were recorded in capital goods (3.46 per cent) and in consumer goods (0.59 per cent).

Non-domestic prices declined by 0.76 per cent, resulting from decreases of 0.96 per cent and 0.64 per cent within the euro and the non-euro area respectively.