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Italian producer prices decline in November; French prices rebound

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Italian producer prices decline in November; French prices rebound

Producer prices in Italy declined month over month in November, while those in France rebounded following a drop in October.

Domestic producer prices in Italy fell 0.2% month over month in November following no change in the October, data from the country's National Institute of Statistics showed.

The overall industrial producer price index was down 0.2% on a monthly basis in November. On an annual basis, the index declined 2.5%, reflecting a 3.6% fall in producer prices in the domestic market and a 0.4% increase in the foreign market.

Separately, French domestic producer prices rose 1.1% in November on a monthly basis, after a decrease of 0.1% recorded in the prior month was revised to 0.2%, data from the National Institute of Statistics and Economic Studies showed.

The November rebound was led by a 4.7% jump in prices of mining and quarrying products, energy and water.

In annual terms, producer prices in the French market dropped 0.8% in November following a revised 1.3% drop in October, as prices of the mining and quarrying, energy and water sector fell 1.8% following a revised 1.4% decrease recorded in the previous month.

On all markets, producer prices in France rose 0.8% month over month in November following stability in October.