Spain Industrial Producer Price Fall Slows

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Spain’s industrial producer price decline slowed for a third straight month in August, preliminary data from the statistical office INE showed on Friday.

The industrial producer price index decreased 3.5 percent year-on-year after a 4.8 percent fall in July.

The pace of decline has slowed in every month since the 8.8 percent slump in May.

Excluding energy, producer prices decreased 0.4 percent year-on-year following a 0.5 percent fall in the previous month.

On a month-on-month basis, producer prices dropped 0.2 percent in August after a 1.8 percent increase in July. The fall was the first in three months.

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