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June 22, 2021
ECONOMY FINANCE&BANKING INDUSTRY

Industrial production prices stagnate in November : Romania is the only EU country that registered this phenomenon

Industrial production prices (IPP) dropped 0.2 per cent in the Euro Area and 0.3 per cent in the European Union (EU-28) in November 2015 compared to October 2015. Romania was the only EU member state in which the IPP remained unchanged month-on-month, according to the data published by Eurostat on Wednesday.

According to the data, in November 2015 the steepest IPP drops were registered in Cyprus (-1.6 per cent), Estonia (-1.1 per cent) and Denmark (-0.9 per cent), while the highest IPP growth was registered in Malta (0.3 per cent), Ireland, France, Latvia and Slovakia (+0.2 per cent each).

Year-on-year, IPP grew by 3.5 per cent in the European Union and by 3.2 per cent in the Euro Area. All member states registered IPP slumps year-on-year, the steepest drops being registered in Lithuania (-9 per cent), Netherlands (-8.1 per cent) and United Kingdom (-7 per cent).

In Romania, IPP dropped by 2.3 per cent year-on-year. According to National Statistics Institute (INS) data, overall industrial production prices (domestic and external market) dropped by 2.6 per cent year-on-year in November 2015. Industrial production prices dropped 2.3 per cent year-on-year on the domestic market and 3.1 per cent year-on-year on the external market.

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