Prices of European manufacturers in May rose at a maximum rate for the year

In May this year, prices of European manufacturers rose by 3% in annual terms, the Statistical Office Eurostat reported. Compared with the growth of 1.9% in April, the rise in May accelerated and became the maximum for the year. Relative to the previous month, prices increased by 0.8%. Analysts had expected the growth of the first indicator by 2.7%, the second one - by 0.5%. Energy prices rose in May by 7.6% in annual terms in the euro area and by 10.8% in the European Union. The most significant increase in producer prices in the EU was observed in the UK - by 6.7%. The largest decline was recorded in Ireland - by 2.7%.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: