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April industrial PPI down 2 percent

Industrial producer prices in April fell by an annual 2 percent, the Central Statistical Office (KSH) said on Friday.

Prices for domestic sale fell by 5 percent while export prices eased by 0.4 percent.

Month on month, factory gate prices edged down by 0.9 percent, as prices for domestic sale slipped by 0.3 percent and export prices fell by 1.2 percent.

Export prices of the manufacturing sector rose 4 percent, while energy sector export prices dropped by 26.4 percent.

In January-April, factory gate prices dropped by 4 percent year on year, as prices for domestic sales decreased by 5.9 percent and export prices decreased by 3 percent.

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