Montenegro's producer prices down 0.3% y/y in May.

By bne IntelliNews June 18, 2012
The downward trend in PPI continued in May as the decline in producer prices accelerated to 0.3% on the year from an annual drop of 0.2% in April and 1.5% in March, statistics office data showed. Following 20 months of positive growth, the trend reversed and producer prices in industry turned to annual drop in Jan. Producer prices in the manufacturing sector inched down by an annual 0.5%, down from April's 0.2% annual decline. The drop was mainly due to lower chemicals, basic metals and furniture manufacturing prices. All remaining sectors posted annual increases. Prices in the mining industry remained unchanged in May, following an annual drop of 2.9%. Utilities prices also registered the same increase as a month ago - 0.4% year-on-year. On a monthly basis, the producer price index lost 0.2%. The cumulative producer price decline for the first five months was 0.7% on the year as mining industry prices posted an annual drop of 0.3% and utility stepped down by 3.6% on the year. Manufacturing producer prices rose in Jan-May by 3.6% on the year.
Industrial Producer Prices*, % y/y
February March April May
TOTAL -0.8 -1.5 -0.2 -0.3
Mining and quarrying -2.9 -2.9 -2.9 0
Processing industry 1.4 0.4 -0.2 -0.5
-Foods 5.9 3.6 -0.2 0
-Beverages 8.4 4.6 1.5 1.5
-Tobacco 63 50 50 50
-Apparel 0 0 0 0
-Wood products, cork and similar 0.5 0.6 2.7 0.2
-Chemicals -0.8 -0.9 -0.9 -0.9
-Basic pharmaceutical products and preparations -3.8 9.1 9.1 0
- Basic metals -3.8 -4.3 -4.3 -4.3
-Metal goods, excl. machinery 8.3 8.3 8.3 8.3
-Other machinery and equipment 0 0 0 0
Electricity, gas and water supply -6.1 -6.1 0.4 0.4
Source: Statistical office of Montenegro

Related Articles

Montenegro says to borrow EUR 220mn this year, down 12% than planned.

Montenegro's government said it decided on Thursday, March 21, to reduce to EUR 220mn from EUR 250mn the amount it plans to borrow this year for financing its budget spending and servicing ... more

Montenegro reports increased budget revenue in Q1.

Montenegro's budget revenue increased by 11.5% y/y to EUR 195mn in the period from January 1 to March 20 due to higher profit tax, social contributions and VAT inflows, news service ... more

Mobile phone penetration in Montenegro drops to 155.5% in Feb 2013.

Mobile phone penetration in Montenegro dropped to 155.5% at the end of February 2013, from 159.81% at end-Dec 2012 and 163.66% a year earlier, the latest figures of the telecommunications agency ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss