Slovakia’s producer prices fall 3.4% y/y in June 2014

By bne IntelliNews July 28, 2014

Slovakia’s industrial producer prices fell on an annual basis for the sixteenth straight month in June 2014, decreasing by 3.4% after dropping 3.3% in May, data from the statistics office showed.

Industrial producer prices on the domestic market shrank 3.3% y/y in June, softening from an annual fall of 3.6% the month before. Like in May, the steepest drop was recorded in the chemicals and chemical products, where prices shrank 4.9% y/y. In May, prices of chemicals and chemical products fell by an annual 4%.

Export producer prices declined 3.4% y/y in June following a 3.1% y/y decrease in the previous month.

On a monthly basis, producer prices fell 0.3% in June reversing a 0.1% increase in May. On the domestic market, prices were 0.1% higher m/m in June, while in May they rose 0.3% on the month. Export prices fell 0.6 % from May when they stayed flat on the month.

The annual decline in agricultural producer prices narrowed to 5.2% in June from 5.8% the month before. Crop prices dropped 11.7% y/y, softening from a 15.8% y/y decline in the previous month. Prices of animal products fell 0.5% y/y last month, following a 0.3% y/y drop in May.

Prices of construction works rose 0.9% y/y in June, while prices of construction materials and components dropped 3.8/ % y/y.

y/y % change June -14  May-14 Jan-June-14 2013
INDUSTRIAL PRODUCER PRICES (total) -3.4% -3.3% -3.4% -1.0%
INDUSTRIAL PRODUCER PRICES (domestic) -3.3% -3.6% -3.6% -0.1%
Mining and quarrying 0.1% -0.1% 0.4% 0.2%
Manufacturing -1.4% -1.4% -2.0% -0.3%
--food, beverages and tobacco -2.2% -2.1% -2.0% 1.7%
--textiles, apparel, leather and related products 2.6% 1.4% 2.4% 1.8%
--wood and paper products, printing -0.2% -0.4% 0.0% -0.6%
--coke and refined petroleum products -2.2% -1.0% -6.5% -5.5%
--chemicals and chemical products -4.9% -4.0% -5.0% -2.9%
--pharmaceutical products and preparation -0.2% -0.2% -0.1% 2.8%
--rubber, plastics and other non-metallic mineral products -1.5% -1.7% -1.1% -0.3%
--basic and fabricated metal products, except machinery and equipment -2.3% -3.0% -2.9% -2.7%
--computer, electronics and optical products -2.1% -1.9% -1.4% 1.9%
--electrical equipment -2.8% -2.9% -2.9% -1.8%
--machinery and equipment -2.4% -1.6% -0.5% 5.5%
--transport equipment 0.0% -0.4% -0.6% 0.6%
--other manufacturing, repair and installation of machinery and equipment 0.7% 0.4% 1.0% 4.3%
Electricity, gas, steam and air conditioning supply -6.3% -6.9% -6.3% -0.1%
Water supply, sewerage, waste management and remediation 1.4% 1.4% 1.5% 2.7%
INDUSTRIAL PRODUCER PRICES (export) -3.4% -3.1% -3.2% -1.4%
         
AGRICULTURAL PRODUCER PRICES -5.2% -5.8% -8.4% -4.9%
--Crop products -11.7% -15.8% -19.3% -8.1%
--Animal products -0.5% -0.3% -0.8% -0.7%
         
CONSTRUCTION WORK PRICES 0.9% 1.1% 1.4% 0.7%
CONSTRUCTION MATERIALS PRICES -3.8% -3.1% -3.0% -0.8%
Source: Statistical Office of the Slovak Republic        

Related Articles

Slovakia's car industry facing strike at Kia, unrest at Peugeot

Workers at Kia Motors Slovakia have officially been on strike alert since April 10, a day before Skoda Auto in neighbouring Czechia ... more

Finland gives final nod to construction of Nord Stream II

Finland has issued a second and final permit for the construction of the controversial Nord Stream II pipeline that is to pump gas from Russia directly to Germany via a Baltic Sea route, the Regional ... more

Slovak president appoints cabinet headed by Peter Pellegrini

Slovak President Andrej Kiska appointed Peter Pellegrini of the ruling Smer-SD party to the ... more

Dismiss