In 2023, Lithuania demonstrated a significant upward trajectory in its Services Producer Price Index for B2B markets, standing out with the highest year-on-year increase of 22.9% projected for 2024. Other European nations such as Romania (4.9%), Spain (4.2%), and Greece (3%) also show positive growth, albeit at a much lower rate. Contrastingly, Cyprus is set to experience a decline with a forecasted change of -1%.
Future trends to observe in the European Services B2B landscape include:
- The impact of economic policies on the index.
- Potential market corrections in countries with rapid price index increases, like Lithuania.
- Strategic adjustments in markets with declining indices, such as Cyprus.
Top countries in Services Producer Price Index in B2B by Country
| # | 5 Countries | Percent, Change on the Same Period in Previous Year | Last Year | |
|---|---|---|---|---|
| 1 | 1 Lithuania | 22.9 | 2022 | View data |
| 2 | 2 Romania | 4.9 | 2022 | View data |
| 3 | 3 Spain | 4.2 | 2022 | View data |
| 4 | 4 Greece | 3 | 2022 | View data |
| 5 | 5 Cyprus | -1 | 2022 | View data |
