Spanish Output Slumps 5.1%; German Wholesale Prices Ease

Arthi Gupta
11 Apr, 2012
New York City

German wholesale price index and Hungarian annual inflation slowed in March. Spanish industrial output dropped and Estonian deficit widened in February.

[R]4:00 PM Frankfurt – German wholesale price index and Hungarian annual inflation slowed in March. Spanish industrial output dropped and Estonian deficit widened in February.[/R]

German WPI Eases

Germany''s wholesale price index eased to 2.2% on an annual basis in March compared to the 2.6% rise in February, data released by the Federal Statistics Office showed today.

There was a 6.1% annual decrease in wholesale prices of grain, non-processed tobacco, seeds and animal feeds during the month, the agency said.

From a month ago, wholesale prices advanced 0.9% in March, following the 1% growth in February.

Spanish Output Declines

Spanish calendar adjusted industrial output dropped 5.1% annually in February compared to a revised 4.3% fall in January, the statistics office INE said today, the sixth consecutive month of contraction.

Norway Industrial Production Falls

Norwegian industrial production fell 0.6% from a month ago in February following a 4.4% rise in January, data from Statistics Norway showed.

Manufacturing output dropped 0.7% on a monthly comparison in February.

Danish Industrial Output Drops

Denmark''s industrial production decreased a seasonally adjusted 1% from a month ago in February.

Production of non-durable consumer goods gained 3.9% on a monthly basis and output of durable consumer goods climbed 3.8% in February.

Hungarian Inflation Drops

Hungary''s annual inflation slowed to 5.5% in March from 5.9% in February, data released by the Central Statistical Office showed.

Food prices rose 4.7% from a year ago in March, while clothing and footwear prices advanced 3.6%.

Estonian Deficit Widens

Estonia''s trade deficit widened to €137.9 million in February from €51 million in the same month last year, data released by Statistics Estonia showed.

Exports climbed 16% on annual basis to €973.8 million in February. Imports advanced 25% year-on-year to €1.11 billion in February.