(Teleborsa) – Based on the latest Istat data in May i industrial producer prices they increased by 0.3% on a monthly basis and decreased by 3.5% on an annual basis (it was -5.9% in April). On the market internal prices grew by 0.3% compared to April while they fell by 4.9% on an annual basis (from -8.0% in the previous month). Net of the energy sector, prices recorded a cyclical increase of 0.2% and a year-on-year decrease of 1.4% (-2.1% in April). As for the market esteroinstead, prices increased by 0.3% in monthly terms (+0.2% euro area, +0.3% non-euro area) and decreased by 0.8% on a trend basis (-1.4% euro area, -0.1% non-euro area).
In the March-May 2024 quarter, compared to the previous one, industrial producer prices decreased by 2% (-3.1% domestic market, +0.1% foreign market).
“In May the industrial producer prices, interrupting the negative phase underway since November 2023, recorded moderate economic growth spread across all groupings, with the exception of capital goods whose prices are stationary – commented Istat -. The further reduction in their decline on an annual basis is still mainly due to the easing of dynamics trend negative of the prices of energy component on the internal market. On this market, the trend decline in the prices of intermediate goods is also further reduced while there is an acceleration in the growth on an annual basis of those of goods of consumption (+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”, added the Institute of Statistics.
Specifically, in May 2024, among manufacturing activities, the largest trend declines concerned the sectors products chemists (-4.8% both on the domestic market and in the Euro area), metallurgy e manufacturing of metal products, excluding machinery and plants (-4.1% domestic market, -6.2% euro area, -3.9% non-euro area), coke and refined petroleum products and the wood, paper and printing industry (respectively -5 .1% and -4.7% in the euro area). The highest increases on an annual basis were recorded for coke e refined petroleum products (+4,9%) e basic pharmaceutical products and pharmaceutical preparations (+3.0%), on the domestic market, and for means of transport (+3.0%) in the non-euro area.
On the domestic market, the downward trend in supply prices energy electric e gas it is still large but is further and decidedly attenuating (-13.5%, from -22.0% in April).
Finally, the production prices of construction for “Residential and non-residential buildings” grew by 0.1% on a monthly basis and decreased by 1.5% on an annual basis (-1.4% in April); those of “Roads and Railways” were stationary on a monthly basis and fell by 1.4% in trend terms (from -1.2% in the previous month).
 – Economy and Finance){kind=link}