S. Africa Oct. Producer Prices Decline At Slower Pace

Sponsored Links

Thursday, the Statistics South Africa announced that the producer price index or PPI for domestic output decreased 3.3% year-on-year in October, compared to the 3.7% decline in the previous month. Economists expected a decrease of 3.1%.

On a monthly basis, producer prices fell 0.1% in October, in contrast to a 0.1% growth expected by economists.

Meanwhile, producer prices for exported commodities fell 13.1% on an annual basis in October, after falling 11.2% in September. At the same time, import prices were down 10.2%, slower than the 16.2% decline in the preceding month.

Month-on-month, export prices climbed 0.8% in October, while import prices fell 0.5%.

Thursday, the Statistics South Africa announced that the producer price index or PPI for domestic output decreased 3.3% year-on-year in October, compared to the 3.7% decline in the previous month. Economists expected a decrease of 3.1%. (Market News Provided by RTTNews)