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Home BUSINESSEurozone's industrial producer price down 0.3 pct in January
Wed, 05 Mar, 2014 12:00:53 AM
FTimes- Xinhua Report, March 05
Eurozone's industrial producer price was expected to decline 0.3 percent in January from the previous month, the statistical office of the European Union (EU) said on Tuesday.
In the same period, the industrial producer price in the 28-nation EU dropped by 0.4 percent from the previous month, official figures showed.
On a yearly basis, the industrial producer price shrank 1.4 percent in the eurozone and by 1.2 percent in the EU.
Major downward factor on the eurozone and EU industrial producer price came from the energy sector, falling 1.4 percent and 1.7 percent respectively in January.
The sharpest drops in industrial producer price were observed in the Czech Republic and Spain, both with minus 1.3 percent, France and Slovakia both with minus 0.6 percent, and Britian with minus 0.5 percent.  
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