Spain Producer Price Index (PPI) y/y

Country:
Spain
EUR, Euro
Sector:
Prices
Low -8.4% -6.2%
-4.9%
Last release Importance Actual Forecast
Previous
-10.8%
-8.4%
Next release Actual Forecast
Previous
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Spain Producer Price Index (PPI) y/y is a macroeconomic indicator which measures the dynamics of prices received by the country's or region's production sector in the given month compared to the same month of the previous year. The index can show whether the prices for economic products have increased or decreased regardless of their commercialization ways. The index covers three production areas: industrial, raw materials and processing. The PPI reflects price changes from the producer perspective.

In Spain, the index is published by the National Statistics Institute. In most cases the index is published as a numeric value which enables the calculation of percentage changes in prices for the production basket. The index is calculated based on data collected from surveys. The index calculation requires clear company selection criterion based on operation characteristics. Also the index includes prices for a certain group of products, changes in which global prices reflect changes in millions of transactions. Statistical organizations monitor prices of such products and weigh price variations according to relative incomes. The positive index value means that the production sector is experiencing the inflationary process.

Changes in product prices are dependent on supply, so occurring price drops do necessarily result from a decrease in demand. Thus, when analyzing the Spanish Producer Price Index, it is necessary to take into account the lack of flexibility in the formation of costs, prices and wages.

The Spanish PPI also depends on producers' purchases and sales of resulting products. Producers' purchases are reflected in the index as expenditure. This component enables the evaluation of changes in goods and services purchased by manufacturers. Sales are shown as an index of products, which demonstrates changes in prices for products sold directly from the manufacturer.

The Producer Price Index is considered as a leading indicator of consumer prices and inflation. This leading indicator is considered to be more accurate than the Consumer Price Index: if prices from a producer increase, consumer prices are most likely to rise accordingly, which is why there is a direct relation between these two indices.

A greater than expected value should be seen as positive for the euro quotes, while lower values are usually seen as negative.

Last values:

actual data

forecast

The chart of the entire available history of the "Spain Producer Price Index (PPI) y/y" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Apr 2020
-8.4%
-6.2%
-4.9%
Mar 2020
-5.0%
-2.1%
-2.3%
Feb 2020
-2.2%
-0.6%
-0.9%
Jan 2020
-0.8%
-1.3%
-1.8%
Dec 2019
-1.9%
-2.0%
-2.4%
Nov 2019
-2.3%
-2.8%
-2.8%
Oct 2019
-2.8%
-3.2%
-3.3%
Sep 2019
-3.3%
-2.6%
-2.6%
Aug 2019
-2.5%
-2.3%
-0.7%
Jul 2019
-0.8%
-2.0%
-0.8%
Jun 2019
-0.6%
1.7%
1.2%
May 2019
1.1%
3.4%
2.4%
Apr 2019
2.3%
3.1%
2.4%
Mar 2019
2.4%
1.7%
1.7%
Feb 2019
1.9%
0.6%
1.7%
Jan 2019
1.8%
0.6%
1.7%
Dec 2018
1.6%
2.5%
2.9%
Nov 2018
3.0%
4.5%
Oct 2018
4.5%
5.3%
Sep 2018
5.2%
5.1%
Aug 2018
5.2%
4.6%
Jul 2018
4.6%
4.1%
Jun 2018
4.1%
3.0%
May 2018
2.9%
1.9%
Apr 2018
1.9%
1.3%
Mar 2018
1.3%
1.3%
Feb 2018
1.3%
0.0%
Jan 2018
0.1%
1.8%
Dec 2017
1.8%
3.1%
Nov 2017
3.1%
2.8%
Oct 2017
2.8%
3.5%
Sep 2017
3.4%
3.3%
Aug 2017
3.2%
3.0%
Jul 2017
3.2%
3.2%
Jun 2017
3.2%
5.3%
May 2017
5.3%
6.0%
Apr 2017
5.9%
6.0%
Mar 2017
6.0%
7.4%
Feb 2017
7.3%
7.5%
Jan 2017
7.5%
2.9%
Dec 2016
2.8%
0.6%
Nov 2016
0.6%
0.3%
Oct 2016
0.2%
-2.0%
Sep 2016
-2.0%
-3.1%
Aug 2016
-3.1%
-4.6%
Jul 2016
-4.6%
-4.7%
Jun 2016
-4.7%
-5.6%
May 2016
-5.5%
-6.1%
Apr 2016
-6.1%
-5.4%
Mar 2016
-5.4%
-5.7%

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