MADRID, June 28 (EUROPA PRESS) –
The General Export Price Index of industrial products registered an interannual decrease of 0.4% last May, a rate that moderates the decline in April by nine tenths, as reported this Friday by the National Institute of Statistics (INE). .
With the drop in May, the export prices of industrial products have chained 14 consecutive months of declines after they went negative in April 2023 after 27 months of year-on-year increases.
According to Statistics, the sectors with positive influence included intermediate goods, which increased its annual rate by 1.2 points in May, to -1.5%, due to the increase in the cost of precious metal production.
Energy, for its part, presented an annual rate of -17.2%, a percentage 8.6 points higher than in April, as a result of the increase in prices for the production, transportation and distribution of electrical energy.
Excluding energy, the annual rate of the general export price index increased four tenths in May, to 0.8%, standing 1.2 points above the rate of the general index.
On a monthly basis (May over April), export prices of industrial products rose by 0.4% after prices for the production, transport and distribution of electric energy soared by 29.3% and prices for the extraction of metallic minerals rose by 8.1%.
IMPORT PRICES RISE AFTER 14 MONTHS OF DECLINES
Import prices for industrial products rose by 0.7% year-on-year in the fifth month of the year, 1.5 points higher than the previous month.
With the rebound in May, import prices put an end to 14 consecutive months of negative year-on-year rates.
By sector, energy increased its year-on-year rate by 6.7 points, to 6.5%, due to the fact that crude oil and natural gas extraction prices fell less than in May 2023.
For their part, intermediate goods increased their interannual rate 1.1 points, to -2.2%, due to the higher cost of the extraction of metallic minerals and metallurgy.
Excluding energy, the annual rate of import prices of industrial products increased six tenths, to -0.4%, standing 1.1 points below the general rate.
In monthly values (May over April), import prices of industrial products did not vary despite the fact that electricity supply prices shot up by 35.6% compared to the previous month.
