Core Insights - The latest statistics from the EU Statistical Office indicate that the Producer Price Index (PPI) for the Eurozone and the EU has rebounded in October, with a month-on-month increase of 0.1% after a previous decline [1][2] - Year-on-year, industrial prices are on a downward trend, with the Eurozone PPI decreasing by 0.5% and the EU by 0.2% compared to the same month in the previous year [1] Group 1: Monthly Changes - In October, the prices of intermediate goods, energy, capital goods, and durable consumer goods in the Eurozone all increased by 0.1% month-on-month, while non-durable consumer goods saw a decrease of 0.2% [1] - The previous month, September, recorded a month-on-month decline of 0.1% for both the Eurozone and the EU [1] Group 2: Yearly Changes - Energy prices significantly contributed to the overall decline in industrial prices, with Eurozone energy prices dropping by 3.9% year-on-year and EU energy prices down by 2.5% [1] - Excluding energy, the year-on-year PPI for the Eurozone and the EU increased by 0.9% [1] - In the non-energy sector, capital goods prices rose by 1.7%, durable goods by 1.5%, non-durable goods by 1.4%, and intermediate goods by 0.1% year-on-year [1] Group 3: Country-Specific Variations - Among EU member states, Bulgaria recorded the highest month-on-month increase in industrial producer prices at 4.6%, followed by Ireland and Estonia with increases of 1.4% and 1.3%, respectively [2] - Conversely, Slovakia, Poland, and Italy experienced month-on-month declines of 1.0%, 0.5%, and 0.4% [2] - Year-on-year, Luxembourg saw the largest decline at 5.6%, followed by Ireland at 3.6% and Austria at 2.6% [2] - In contrast, Bulgaria's industrial producer prices surged by 17.6% year-on-year, with Romania and Sweden also experiencing significant increases of 9.4% and 4.9%, respectively [2]

Core Insights - Croatia's industrial output in August increased by 5.7% year-on-year, according to the Croatian Bureau of Statistics [1] - However, there was a month-on-month decline of 1.4% compared to July [1] Domestic vs. Foreign Market Performance - In the domestic market, industrial revenue rose by 6% year-on-year [1] - Conversely, revenue from foreign markets decreased by 1.2% [1] Sector-Specific Sales Performance - Energy sales fell by 9.8%, non-durable goods by 4.6%, intermediate goods by 3.2%, and capital goods by 1.1% compared to July [1] - Durable goods sales, however, increased by 4.3% [1] Year-on-Year Comparisons - Compared to August 2024, capital goods sales grew by 10.1%, intermediate goods by 8.5%, and durable goods by 0.4% [1] - Energy sales saw a significant decline of 17.4%, while non-durable goods decreased by 0.4% [1]

Group 1 - The Eurozone's industrial production showed a significant rebound in May 2025, with a month-on-month increase of 1.7%, following declines of 2.2% in April [1] - Year-on-year, the Eurozone's industrial production grew by 3.7% in May, indicating overall improvement in manufacturing activities [1] - Non-durable consumer goods production was the main driver of the industrial production recovery, with a month-on-month increase of 8.5% in the Eurozone [1] Group 2 - Energy production also saw a recovery, with a month-on-month increase of 3.7% in the Eurozone [1] - Capital goods production continued its upward trend, growing by 2.7% in the Eurozone [1] - However, intermediate goods and durable goods production showed weakness, with month-on-month declines of 1.7% and 1.9% respectively in the Eurozone [1] Group 3 - Ireland recorded the highest month-on-month industrial production growth at 12.4%, followed by Malta at 3.4% and Germany at 2.2% [1] - Year-on-year, non-durable consumer goods production in the Eurozone increased by 11.6%, while intermediate goods and durable goods saw declines of 1.8% and 0.1% respectively [1][2]

Group 1 - The core conclusion of the report is that China's exported deflation to Japan is primarily driven by domestic supply and demand imbalances rather than US tariffs, with a limited overall impact on Japan's inflation trends [2][8][54] - Over the past few years, the prices of Chinese goods exported to Japan have decreased by approximately 15% relative to similar imports from other countries, with about half of this decline attributed to the depreciation of the renminbi against the US dollar [12][34][50] - The report highlights that the decline in prices is particularly evident in industrial raw materials, while durable consumer goods and general machinery have also seen price reductions, although the impact on electrical equipment and non-durable goods has been less pronounced [39][40][41] Group 2 - The direct impact of Chinese imports on Japan's Consumer Price Index (CPI) is limited, accounting for just over 20% of Japan's total import value, with a cumulative effect of about 0.4% on Japan's new core CPI [8][12][50] - Future projections indicate that the negative contribution of China's exported deflation to Japan's CPI will be around 0.2 percentage points, with peak impacts expected to be less than 0.1 percentage points, suggesting no immediate need to adjust Japan's inflation forecasts [2][34][56] - The report emphasizes the importance of monitoring China's economic policies and the real estate market, as these factors will influence future trends in Chinese export prices and their effects on Japan [2][8][54]