Industrial Prices in April 2024: Persisting Declines and Energy-Driven Impacts

Industrial prices in April showed a year over year decline of 4.5 percent, according to a release from the National Institute of Statistics. This drop is smaller than the 3-point decrease observed in March, indicating a slight slowing in the pace of the downward revision but still signaling a sustained period of price weakness in the industrial sector. The month-over-month movement suggests that while prices did not rebound, the rate of decline moderated compared with the previous month, highlighting an ongoing adjustment in industrial activity that analysts will be watching closely for clues about demand and production costs in North American markets.

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