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HomeLatest NewsThe prices of industrial exports register the biggest collapse since 2020

The prices of industrial exports register the biggest collapse since 2020

Date: April 17, 2024 Time: 08:16:50

The General Export Price Index of industrial products experienced a year-on-year decrease of 2.7% last June, thus marking its biggest decline since June 2020, according to the National Statistics Institute (INE) and collected by Europa Press.

After registering 27 months of year-on-year increases, export prices of industrial products entered negative territory in April, and this trend has continued for two consecutive months, something not seen since the days of the pandemic.

The drop observed in June is attributed to the behavior of the prices of intermediate goods, which decreased by 5.1%, as well as energy, which experienced a notable drop of 43.7%.

In contrast, non-durable consumer goods increased by 6.3% in the annual rate, although it was four tenths less than in May, due to the fact that the prices of the manufacture of vegetable and animal oils and fats had a lower increase than that registered in June. from the previous year.

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Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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