Spanish Industrial Prices Hold Steady In August

Sep 25, 2007 - The Spanish General Industrial Price Index grew 2.3% on an annual basis in August, the statistics office said, Tuesday. Industrial prices advanced 2.3% in the previous month after expanding 2.6% in June. On a monthly basis, industrial prices gained 0.2% in August after rising 0.3% in the preceding month.

Prices of consumer goods gained 2.3% year-on-year in August, accelerating from the 1.9% growth in the previous month. Prices of capital goods increased 3.1% annually, the same as in the previous month. Prices of intermediate goods expanded 5.4%, slowing form the 5.6% climb in the earlier month. Energy prices slipped 2.8% in August, after sliding 2.5% in July.

Producer prices in the mining and quarrying sector climbed 5% on an annual basis in August, while producer prices in the manufacturing sector advanced 2.3% and producer prices in the electricity and gas sector grew 3%.

Industrial prices of manufactured food products and beverages gained 3.7% annually in August, while producer prices of tobacco products expanded 4.3%. Industrial prices of textiles grew 3.3%, while prices of pulp, paper and paper products jumped 6.2%.

In comparison, industrial prices of coke and refined petroleum products slumped 9.9% year-on-year in August, while producer prices in the office machinery and computers sector eased 2%.

Compared to July, producer prices of consumer goods grew 0.3% in August. Industrial prices of non-durable consumer goods gained 0.5%, while producer prices of durable consumer goods remained unchanged. Industrial prices of capital goods edged up 0.1%, while industrial prices of intermediate goods advanced 0.2% and industrial prices in the energy sector eased 0.4%.