National Statistics Institute: Industrial production prices up 16,7%

Industrial production prices logged a total growth of 16,7%, in October 2008, as against October 2007, with the most dynamic sector being the processing industry, which logged an 18,8% growth, according to data published yesterday by National Statistics Institute (INS). The price increases were below the total level for thermal and electric energy, natural gas and water (up 10,6%) and mining and quarrying (up 5,5%).

Split across the major industrial branches, significant growths were logged by the intermediate goods industry (up 24,4%), while price increases below the total level were logged by the energy industry (up 13,8%), the current use goods industry (up 12,9%), the capital goods industry (up 12,7%) and the durable goods industry (up 9,5%).

Compared to the month of September 2008, the prices of industrial production logged a 0,1% decrease in October 2008. Divided across activity sectors, the prices of products in the mining and quarrying industry and those in the thermal and electric energy, natural gas and water saw a 5,1%, and 0,2% growth, respectively, while those of the manufacturing saw a 0,6% drop.

Across the great industry divisions, the divisions which logged price increases were the capital goods industry (up 1,6%), durable goods industry (up 1,6%), intermediate goods industry (up 0,7%) and the current use goods (up 0,6%). Price drops were seen in the energy industry products (down 2,2%). The prices of industrial production published by the National Statistics Institute represent both the local and foreign market.