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Producer prices in the euro area fell in May by 0.1% compared to April, when they decreased by 0.3%, Eurostat reported. Compared with May of last year, the figure increased by 1.6%. Energy sector companies reduced prices by 0.6% over the month. Intermediate goods also showed lower prices. The rise in prices was noted in the categories of capital and consumer durable goods by 0.1%, while consumer non-durable goods went up by 0.2%. The indicator that does not take into account the cost of energy, compared with the previous month, has not changed. The EU countries in May kept producer prices in monthly terms at the level of April, whereas over the year they grew by 1.9%. The energy sector announced a monthly decline in prices by 0.3%. Intermediate goods fell by 0.1%. Capital goods showed rising prices - by 0.1%, non-food consumer goods - by 0.2%. Prices that do not include energy, rose by 0.1%.
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
The reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...
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