German Inflation Stable, French Industrial Output Falls

Arthi Gupta
09 Nov, 2012
New York City

German consumer prices climbed and Norwegian inflation rose in October. French, Italian, and Swedish industrial production fell in September.

[R]2:30 PM Frankfurt – German consumer prices climbed and Norwegian inflation rose in October. French, Italian, and Swedish industrial production fell in September.[/R]

German Inflation Stable

Germany''s consumer prices climbed 2% annually in October, the same as in September and matched preliminary estimate, final data from the Federal Statistics Office showed today.

Compared with September 2012, the consumer price index remained unchanged in October.

Norwegian Inflation Rises

Norway’s inflation rose to 1.1% in October from 0.5% in September, data from Statistics Norway showed.

From a month ago, CPI rose 0.5% in October.

Separately, the producer price index increased 1.7% annually in October, due mainly to the 2.7% rise in costs involved in the extraction of oil and natural gas.

On a monthly basis, PPI rose 0.4% in October, largely due to higher electricity prices.

French Industrial Output Falls

French industrial production fell 2.1% from a year ago in September, and on a monthly comparison, output fell 2.7%, the latest data from the statistics office Insee showed today.

Construction output dropped 1.1% annually and fell 0.5% on a monthly basis in September.

Italian Production Drops

Italy’s industrial production declined 4.8% annually in September on a working day adjusted basis compared to the 5.2% drop in August, a report from statistics office Istat showed.

From a month ago, output contracted 1.5% in September from the 1.7% gain in August.

Swedish Output Declines

Sweden''s industrial production declined 4.1% in September from a month ago, Statistics Sweden reported today.

On a yearly basis industrial production decreased 5% in September compared with the same month in 2011.

In a separate report, the statistics office said new industrial orders rose 1.2% in September from August.

On an annual basis, new orders in September decreased 5.3% compared to the same month of the previous year.

Orders in domestic market decreased 6.4% and that in the export market fell 4.3% annually.

Hungarian Production Improves

Hungarian industrial production rose a working-day adjusted 0.6% annually in September following a 1.8% gain in August, preliminary data from the Hungarian Central Statistics Office showed.