19.12.201405:09:00UTC+00Slovakia Producer Prices Decline Slows In November

Slovakia's producer prices continued to decline in November, but at a slower pace, figures from the Statistical Office of the Slovak Republic showed Friday.

Industrial producer prices dropped 2.9 percent year-on-year in November, slower than 3.8 percent decline in October. Producer prices have been falling since February 2013 and the latest decline was the slowest since the start of this year.

Domestic market producer prices also dropped 2.9 percent annually in November, following a 3.9 percent fall in the prior month.

Producer prices in the manufacturing sector fell 1.2 percent, while mining and quarrying prices advanced by 3.1 percent.

Month-on-month, producer prices rose 0.3 percent during the month, in contrast to a 0.1 percent fall in October. It was the first increase in six months.