Portugal Producer Prices Decline In August

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Monday, the Statistics Portugal announced that the industrial producer price index or PPI dropped 5.6% year-on-year in August, compared to the 6.8% fall in the previous month. A year ago, the PPI was up 7.1%.

On a monthly basis, producer prices increased 0.6% in August, after falling 0.3% in July.

Meanwhile, producer prices for manufacturing industry decreased 7.5% on an annual basis in August, and it was up 0.1% compared to the preceding month.

Monday, the Statistics Portugal announced that the industrial producer price index or PPI dropped 5.6% year-on-year in August, compared to the 6.8% fall in the previous month. A year ago, the PPI was up 7.1%. (Market News Provided by RTTNews)