Import and export prices rise in Spain for the sixth month in a row For Industrial Sector

The import prices of industrial products, in May, rose 10.2% over the same month in 2009, while exports rose 5.5% percent, which both accumulate six consecutive months of increases.

The activities that most influenced the year-on-year growth of export prices in May were metallurgy, with an annual rate of 27.3%, the paper industry, with a rate of 12.7% and the chemical industry, which had a rate of 6.6%.Industrial import and export prices rise in Spain for the sixth month in a row.

According to data released today by the National Statistics Institute (INE), the prices of imports rose by more than two points in May compared to April, mainly by the extraction of crude oil and natural gas sector, whose rate rose to 39.3% this year because prices have been higher than the same month of 2009.

Regarding exports data the activities that most influenced the rise, which was more than one point to April, were mainly due to the metal, manufacture of iron, steel and ferroalloys, which stood at an annual rate 27.3% due to higher prices this month in connection with the decline that occurred last year.