In April 2016, producer prices in industry fell back (−0.3%)Industrial Producer and Import Price Indices - April 2016
On all markets (French market and foreign markets), producer prices fell back in April 2016 (-0.3% following +0.2%). Year over year, they decreased by 3.9%, mainly due to plummeting prices for refined petroleum products (-30.9%).
Producer prices in French industry: −0.3% in April
On all markets (French market and foreign markets), producer prices fell back in April 2016 (−0.3% following +0.2%). Year over year, they decreased by 3.9%, mainly due to plummeting prices for refined petroleum products (−30.9%).
FRENCH MARKET: −0.5%
In April 2016, French producer prices in industry for the French market decreased (−0.4% after +0.3% in March and −0.5% in February), driven down by a further price fall for mining and quarrying products, energy and water.
Prices for refined petroleum products expanded again
In April, prices for refined petroleum products picked up again, but less strongly than in March (+3.9% after +15.2%) as those for crude oil. Year over year, prices decreased by 31.0%.
Prices for other energy products slid again
Prices for mining and quarrying products, energy and water declined for the fifth consecutive month. The fall, sharper in April (−2.7%) than March (−0.6%), was mainly due to changeover to summer rates for electricity transport.
Slight decline in food prices
In April, food prices slid sligthly (−0.2% following −0.6% in March). The decline mainly concerned dairy products, oils and prepared feeds for farm animals. These falls were partially offset by the rise in poultry meat prices.
Virtual stability in prices for other manufactured products
Prices for other manufactured products were almost unchanged in April (+0.1% following −0.1%). The
increase in prices for chemical products, related to the recovery in oil prices, was offset by the fall in prices for pharmaceutical preparations, rubber and plastics products and basic metals products. Prices for others products of this sector were stable or virtually stable.
FOREIGN MARKETS: +0.0%
Producer prices of French industrial products sold on foreign markets were stable (0.0%) following a moderate rise in March (+0.3%). The increase in prices for other manufactured products and for refined petroleum products was partially offset by the fall in prices for food products and for mining and quarrying products, energy and water.
Import price indices of industrial products: 0.0% in April
In April, import prices of industrial products were unchanged (+0.0%) after a rebound in March (+0.9%). Only prices for oil refining products advanced (+2.4%), prices for all other sectors were stable or declined.
tableau Tableau1 – French Producer Price Indices in industry according to the market where the products are sold:
|Change in %|
|Levels A 10 and A 17 in CPF rev. 2. 2008||Weight||Apr.16||In 1 month||In 1 year|
|(DE) Mining and quarrying. energy. water||193||104.7||–2.7||–5.9|
|CZ: Manufactured prod.||807||100.1||0.2||–3.6|
|(C1) Food products. beverages. tobacco||188||106.7||–0.2||–1.5|
|(C2) Coke and refined petroleum products||53||69.3||3.9||–31.0|
|(C3) Electrical & electronic equip.. computers. mach.||71||100.7||–0.2||–0.8|
|(C4) Transport equipment||124||103.8||–0.1||0.2|
|(C5) Other man. products||371||100.0||0.1||–2.5|
|(DE) Mining and quarrying. energy. water||32||77.4||–3.4||–17.4|
|CZ: Manufactured prod.||968||101.4||0.1||–3.2|
|(C1) Food products. beverages. tobacco||122||112.0||–0.9||–1.8|
|(C2) Coke and refined petroleum products||26||67.5||5.3||–28.3|
|(C3) Electrical & electronic equip.. computers. mach.||180||99.1||–0.2||–1.6|
|(C4) Transport equipment||169||105.3||–0.1||0.5|
|(C5) Other man. products||471||100.3||0.4||–4.0|
|(DE) Mining and quarrying. energy. water||159||103.4||–2.7||–6.3|
|CZ: Manufactured prod.||841||100.0||0.1||–3.6|
|(C1) Food products. beverages. tobacco||175||107.6||–0.4||–1.6|
|(C2) Coke and refined petroleum products||49||68.4||4.1||–30.9|
|(C3) Electrical & electronic equip.. computers. mach.||85||99.0||–0.2||–1.2|
|(C4) Transport equipment||123||104.5||0.0||0.3|
|(C5) Other man. products||409||100.0||0.2||–2.9|
- Source: INSEE
tableau Tableau2 – Import prices of industrial products
|Change in %|
|Levels A 10 and A 17 of nomenclature CPF rev. 2, 2008||Weight||Apr.16||In 1 month||In 1 year|
|CZ: Manufactured prod.||s||97.0||–0.1||–4.4|
|(C1) Food products, beverages, tobacco||71||111.9||–0.2||–1.1|
|(C2) Coke and refined petroleum products||53||65.0||2.4||–34.1|
|(C3) Electrical & electronic equip., computers, mach.||225||95.7||–0.6||–2.3|
|(C4) Transport equipment||147||97.3||–0.1||–1.4|
|(C5) Other manufactured products||s||99.7||0.0||–3.7|
- r: updated ; nd: non available ; s : confidential
- Source: INSEE
tableau Tableau3 – Revision of each index at total industry level
|Jan.16 / Dec.15||Feb.16 / Jan.16||Mar.16 / Feb.16|
|French producer prices in industry sold on:|
|- the French market||+0.1||0.0||0.0|
|- the foreign markets||+0.1||–0.4||+0.1|
|- all markets||0.0||0.0||0.0|
|Import prices of industrial products||+0.1||+0.1||–0.2|
- How to read it: the change in the producer prices of industrial products sold on the foreign markets between February 2016 and March 2016 has been revised by 0.1 points: published last month equal to 0.2%, it has been updated to 0.3%.