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 |
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