Manufacturing prices down

28/06/2013 09:30

Selling prices in manufacturing industry were 1.5 percent lower in May 2013 than in May 2012. Prices have been lower than twelve months previously for three consecutive months now. This is predominantly due to prices of petroleum derivatives, but in May, selling prices were also lower if petroleum prices were not taken into account (-0.2 percent).

Selling prices

Selling prices

Prices of petroleum derivatives were 7.9 percent lower in May 2013 than in May 2012. The price drop was less substantial than in March and April. Prices of chemical products (5.0 percent) and basic metal products (4.1 percent) were also down from one year previously, but prices of food, drinks and tobacco products were 3.7 percent higher.

Index selling prices

Index selling prices

Selling prices in manufacturing industry dropped by 0.4 percent in May compared to April. The price drop on the domestic market equalled the price drop on the foreign market.

More figures can be found in dossier Business cycle.

For more information on economic indicators, the reader is referred to the Economic Monitor.