(Il Sole 24 Ore Radiocor) – Rome, 27 June – In May 2024, industrial producer prices increased by 0.3% on a monthly basis and fell by 3.5% on an annual basis (it was – 5.9% in April). This was communicated by Istat, indicating that in the March-May 2024 quarter, compared to the previous one, industrial production prices fell by 2.0% (-3.1% domestic market, +0.1% foreign market) .
As regards construction, for ‘Residential and non-residential buildings’ producer prices rose by 0.1% on a monthly basis and fell by 1.5% on an annual basis (-1.4% in April); those of ‘Roads and Railways’ remained stationary on a monthly basis and fell by 1.4% in trend terms (from -1.2% in the previous month).
‘In May, industrial production prices, interrupting the negative phase underway since November 2023, recorded moderate economic growth across all groups, with the exception of capital goods whose prices are stationary. The further reduction in their decline on an annual basis is still mainly due to the easing of the negative trend in prices of the energy component on the domestic market. On this market, the trend decline in the prices of intermediate goods is also further reduced while an acceleration in the growth on an annual basis of those of consumer goods is noted (+0.8%, from +0.3% in April). For construction, prices are almost stationary on a monthly basis; on a trend basis, their decline is slightly accentuated’, comments Istat.
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(RADIOCOR) 27-06-24 11:07:44 (0262)ENE,FOOD,PA,INF 3 NNNN
