Industrial Producer Price Dynamics
In contrast to inflation, November 2023 marked a downturn in industrial producer prices, decreasing by 0.3% in the euro area and 0.2% in the EU compared to October. This reversal from October’s increase signifies a considerable year-on-year decrease, with the euro area witnessing an 8.8% drop, and the EU, an 8.1% decrease. These figures highlight a significant easing in industrial cost pressures, potentially impacting manufacturing and export competitiveness.
Detailed Sectoral Price Movements
A closer look at industrial sectors reveals nuanced price movements. Energy prices, often volatile, recorded the most significant drop, followed by intermediate goods. Capital goods and durable consumer goods experienced marginal decreases, while non-durable consumer goods prices remained stable. The overall industry, excluding energy, saw a slight decrease,…
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