French Producer Prices Decline As Expected In September

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Friday, the French statistical office said in a report that the producer price index or PPI in the domestic market decreased 0.3% month-on-month in September, in contrast to a 0.4% growth in the previous month. Producer prices came in line with economists' expectations.

On an annual basis, producer prices dropped 8.1% in September, in line with economists expectations'. In August, the PPI was down 8.5%.

Similarly, producer prices in the non-domestic market declined 0.5% month-on-month in September, after rising 0.4% in August. Producer prices fell 6.2% compared to the preceding year.

The overall producer price index dropped 0.4% on a monthly basis in September, after a 0.5% increase in August. On an annual basis, the PPI slipped 7.5% in September.

Meanwhile, import price index decreased 0.7% in September compared to the preceding month, and it was down 7.5% over a year ago.

Friday, the French statistical office said in a report that the producer price index or PPI in the domestic market decreased 0.3% month-on-month in September, in contrast to a 0.4% growth in the previous month. Producer prices came in line with economists' expectations. (Market News Provided by RTTNews)