ADVERTISEMENT

Industrial producer prices up in Dec, down 1.7% in 2016

EU

Industrial producer prices were 0.5% higher on average in December 2016 compared to the corresponding month of the previous year, according to a first reading of data from the Central Statistical Office (KSH) issued Tuesday. Overall in 2016, however, industrial producer prices were 1.7% lower than in 2015.

In December 2016, compared to the same month of 2015, industrial domestic sales prices rose by 1.2% on average, within which prices increased by 3.9% in manufacturing, while they were 4.5% lower in electricity, gas, steam and air conditioning supply - also representing significant weight – as an effect of a decrease in world market prices of energy sources over a long period.

Of the end-use groups of the producing branches of industry, prices rose by 0.8% in energy and intermediate producing branches, by 1.5% in capital goods producing, and by 2.2% in consumer goods producing branches.

Industrial export sales prices went up by 0.2% in December 2016 compared to December 2015. Within this, manufacturing prices were up 0.4%, while prices of electricity, gas, steam and air conditioning supply, representing small weight, were 7.0% lower – due to a decrease in the world market prices of energy sources.

In the entire year 2016 compared to 2015, industrial producer prices as a whole were 1.7% lower. Domestic sales prices were 3.0% lower on average, within which prices were 2.0% lower in manufacturing and 5.8% lower in electricity, gas, steam and air conditioning supply than a year earlier – the latter as an effect of a decrease in the world market prices of energy sources.

Of the end-use groups of the producer branches of industry in 2016, compared to 2015, industrial domestic sales prices were reduced by 4.8% in energy and intermediate producing branches due to price developments of energy sources. At the same time, prices rose by 1.8% in capital goods producing and by 0.9% in consumer goods producing branches.

Industrial export sales prices were down by 1.0% in 2016 as a whole. Within this, manufacturing prices were 0.6% lower, while prices of electricity, gas, steam and air conditioning supply, representing small weight, were 11.1% lower – also due to a decrease in the world market prices of energy sources.

ADVERTISEMENT

Czech economic confidence weakens in October Analysis

Czech economic confidence weakens in October

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Budapest airport shuttle bus service expanded City

Budapest airport shuttle bus service expanded

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.