Ford drives hike in car production in Romania
1 day ago
Bulgaria’s domestic industrial producer prices increased 3.5% y/y in May, after rising 3.9% y/y in April, statistics office data showed on June 30. On a monthly basis, the producer price index (PPI) dropped 0.5% in May, after climbing 1.3% in April.
Annual PPI growth has been positive for six consecutive months. It had been consistently negative over the period December 2014 – November 2016. In December, the CPI also turned to y/y inflation.
Manufacturing prices rose 3.5% y/y in May, after growing 4.2% y/y in the previous month. The highest y/y price increase was the 15.2% reported for basic metals. The deepest decline was 0.5%, reported for leather and related products.
In mining, producer prices went up 9.7% y/y in May, slowing down from 10.1% y/y growth the month before. Prices increased y/y in the mining of coal and lignite (+3%) and metal ores (+20.1%), but dropped in other mining and quarrying (-3.3%). In the mining producer price index there are two more groups – extraction of crude petroleum and natural gas, and mining support service activities – but for confidentiality reasons the statistics office did not disclose their performance.
In utilities, producer prices rose 2.9% y/y in May, following 2.6% y/y growth in April.
The broader PPI, including sales abroad, went up 3.9% y/y in May, after climbing 5.4% y/y in April.
| Domestic market PPI, % y/y | |||||
| Jan'17 | Feb'17 | Mar'17 | Apr'17 | May'17 | |
| TOTAL | 1.9 | 2.9 | 2.1 | 3.9 | 3.5 |
| Mining and quarrying | 14.0 | 13.9 | 8.8 | 10.1 | 9.7 |
| Manufacturing | 3.8 | 5.4 | 4.0 | 4.2 | 3.5 |
| Utilities | -2.5 | -2.2 | -1.8 | 2.6 | 2.9 |
| Source: NSI |
Related Content
Data
Ford drives hike in car production in Romania
Romania’s automobile production increased by 7% y/y to more than 150,000 units in Q1.
Akbank launches spring syndicated loan renewals season for Turkish banks at better costs
Benefits of Turkey’s so-called economic normalisation policy clearly observed in external debt rollovers.
Ukraine's birth rate plummets to 300-year low as country’s population collapses
Ukraine’s population collapsed to 29mn souls last year, according to Ukraine Business News, with just 187,000 births recorded (including in Russian-occupied territories). This is the lowest annual figure in recorded history over the last 300 years.
Russia’s $13.4bn current account surplus in March second highest since 2007
Russia posted a $13.4bn current account surplus in March, more than double February’s $5.5bn and the second highest level for a March since 2007.
Automotive sector output in Hungary edges up 1.6% y/y in February
Headline industrial output rose 1.8% in February, increasing for the first month in about a year.
Most Read
-
Ukraine's birth rate plummets to 300-year low as country’s population collapses
2 days ago
-
COMMENT: Armenia's decisive turn towards the West
1 day ago
-
Remittances come to the rescue of Lebanon’s battered economy
23 hours ago
-
US senators seek closer ties with Western Balkans to combat Russia's 'malign influence'
1 day ago
-
Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
2 days ago
-
Iran vs Israel: Who is better equipped for war?
5 days ago
-
Saudi Arabia to scale back plans for Neom city
9 days ago
-
BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
5 days ago
-
Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
5 months ago
-
PANNIER: Caspian military drills that exclude Russia and Iran have some people in Moscow asking questions
6 days ago
-
Russia could pay off its entire external debt tomorrow, in cash
20 days ago
-
Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
24 days ago
-
Albanians campaign on social media to keep bus bridge created in freak accident
1 year ago
-
UBN: Russia could take the Baltic states in 48 hours
29 days ago
-
BRICS announce a blockchain-based payment system to create a common currency
22 days ago