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Home BUSINESSProducer prices for manufactured products fall 4.7%
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Wed, 25 May, 2016 01:58:50 AM
FTimes Report, May 25
Source: Statistics Finland.
The Producer prices for manufactured products fell by an average of 4.7 per cent from April 2015 to April 2016, according to Statistics Finland.
 
The producer prices for manufactured products sold on the domestic market went down by 4.1 per cent while prices of export products fell by 5.4 per cent..
 
The fall in the producer prices for manufactured products was particularly caused by reductions in the prices of oil products, manufacturing of basic metals and chemicals and chemical products from April 2015.
 
The fall in producer prices was slowed down especially by higher prices of paper and paper board products and manufacturing of machinery and equipment.
 
The export price index fell by 5.5 per cent and the import price index by 8.3 per cent in the year. The Basic Price Index for Domestic Supply went down by 4.3 per cent. The Basic Price Index for Domestic Supply including taxes fell by 3.8 per cent.
 
Export prices were in particular depressed by the falling prices of manufacturing of basic metals and oil products from April 2015. The fall in prices was slowed down especially by higher prices of paper and paper board products.
 
The fall in import prices was in turn especially caused by lower prices of oil products and manufacturing of basic metals compared with the previous year's April. The fall in prices was slowed down, in particular, by higher prices of paper and paper board products.
 
From March to April, producer prices for manufactured products remained unchanged on the average.
 
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