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Industrial producer price index stable in November

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For the period January-November 2023, the index increased by 5% compared to the corresponding period in 2022

Σταθερoς ο δεiκτης τ&iota ;μόν παραγωγού στη βιομηχανΙα το ν Νοeμβριο

There were no big changes in the Producer Price Index in Industry for the month of November 2023, according to data published by the Statistics Office on Friday. The index reached 138.3 points (base 2015=100), marking an increase of only 0.2% compared to October 2023, while compared to the corresponding month of the previous year, a decrease of 0.7% is observed.

For the period January-November 2023, the index showed an increase of 5% compared to the corresponding period of 2022.

In November 2023 compared to October 2023 the index remained stable in the mining and quarrying sector, while it recorded an increase in the electricity supply sector by 1.5% and water supply and materials recovery by 0.5%. In the manufacturing sector there was a decrease of 0.2%.

In terms of changes, compared to the corresponding month of the previous year there is an increase in the sectors of mining and quarrying (5.2%) and manufacturing (1.4%) and a decrease in the sectors of electricity supply by 5.6% and water supply and materials recovery by 3.5%.

By manufacturing sector, in November 2023 compared to the corresponding month of the previous year, increases were recorded in furniture manufacturing, other manufacturing activities and machinery repair and installation and equipment (4.4%), in the production of other non-metallic mineral products (4%), in the production of petroleum refining products, chemicals and products and pharmaceutical products and preparations (4%), in the food and beverage industry (2.3 %) and in the production of textiles, clothing and leather goods (2.2%).

Furthermore, there was a decrease in the production of basic metals and the manufacture of metal products (-5.6%), in the manufacture of paper and paper and printing products (-0.8%), in the manufacture of rubber and plastic products (-0.3%) and in the manufacture of electronic and optical products and electrical equipment (-0.3%).

Source: www.kathimerini.com.cy

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