Austria Producer Prices Post Biggest Fall Since 1996

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Friday, the Statistics Austria announced that the producer price index or PPI dropped 3.4% year-on-year in July, compared to the 2.3% fall in the previous month. This was the Biggest rate of decline in producer prices since the series started in 1996.

On a monthly basis, the PPI decreased 0.5% in July, after a flat reading in June, revised from 0.3% fall reported initially.

In the first half of the year, producer prices fell 0.7% compared to the same period of the previous year.

Friday, the Statistics Austria announced that the producer price index or PPI dropped 3.4% year-on-year in July, compared to the 2.3% fall in the previous month. This was the Biggest rate of decline in producer prices since the series started in 1996. (Market News Provided by RTTNews)