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Wednesday, December 3, 2014

Decline in producer prices in the euro zone at the fastest pace in a year

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Producer prices fell in the euro zone as soon as monthly rate in a year, in October, due to the sharp decline in the prices of non-durable goods such as food, what would push the European Central Bank to do more to lift the single currency area's economy out of its crisis. The statistics office, Eurostat, the European Union on Tuesday, said that the factory door delivery in 18 state that use the euro prices fell by 0.4% in September. Economists forecast polled by Reuters prices fell 0.3%. The number affected by a decline of 0.9% in energy costs fell 0.6% in the prices of durable goods as a result of lower oil and commodity prices. On an annual basis prices fell 1.3% in October in line with market expectations and slightly weaker pace of decline of 1.4% rate in August and September, and did not go up, but the prices of capital goods and durable. The largest annual declines in Slovakia, Estonia and the Netherlands.

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