The intermediary goods sector grew 0.5% on the month in May, followed by capital goods which grew 0.4%, and durable goods which grew 0.3%. The energy sector also posted a 0.3% monthly increase.

Compared with May 2015, industrial producer prices declined 2.8%, the data showed.

The biggest decline was registered in the energy sector, where producer prices dropped an annual 10.5%, followed by intermediary goods, which declined 3.4%.

On the other hand, durable goods increased 4% on the year in May and capital goods increased 1.8%.