France's industrial producer prices experience fluctuations in Nov

The report highlighted a marked monthly increase in the overall producer prices by 1.5 per cent, following a minor decrease of 0.1 per cent in October. This change is primarily attributed to the surge in electricity prices. Specifically, prices for the domestic market jumped by 2.4 per cent, a sharp rise from the previous month's stability. Conversely, prices for foreign markets showed a decrease, falling by 0.6 per cent after a slight decline in October.

Year-over-year figures show a continued downward trend with industrial producer prices decreasing for the fifth consecutive month, marking a 0.5 per cent fall after a 1.5 per cent drop previously. Notably, when excluding energy, producer prices saw a decrease of 0.5 per cent over the month and remained nearly unchanged over the year, Insee said in a press release.

The home market saw a significant rise in producer prices of 2.4 per cent over the month, driven mainly by the sectors of mining, quarrying, energy, and water, which accelerated notably. Manufactured products, however, continued their decline. Annually, there's been a slight rebound in the home market prices, standing 32 per cent above their 2021 average level.

For foreign markets, November brought a decrease of 0.6 per cent in industrial producer prices, with manufactured products declining more notably. Over the year, this sector has experienced a decrease for eight consecutive months, with prices now 14 per cent above their 2021 average level.

ALCHEMPro News Desk (KD)