French Oct. Producer Prices Increase More Than Expected

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Monday, the French statistical office INSEE announced that the producer price index or PPI for domestic market increased 0.8% month-on-month in October, after falling 0.3% in September. Economists were looking for an increase of 0.2%.

On an annual basis, the PPI for domestic market decreased 6.6% in October, compared to the 8.1% fall in the previous month. Economists expected a decline of 7.3%.

Producer prices in the non-domestic market increased 0.6% month-on-month in October, and fell 4.6% compared to the preceding year.

The overall producer price index rose 0.7% on a monthly basis in October. The PPI slipped 6.6% annually in October, slower than the 7.5% drop in the preceding month.

Meanwhile, import price index increased 0.5% in October compared to the preceding month, and it was down 5.5% over a year ago.

Monday, the French statistical office INSEE announced that the producer price index or PPI for domestic market increased 0.8% month-on-month in October, after falling 0.3% in September. Economists were looking for an increase of 0.2%. (Market News Provided by RTTNews)