Industrial producer prices down in August by 0.2% in both Euro Area and EU28

Industrial producer prices down in August by 0.2% in both Euro Area and EU28

In August 2016, compared with July 2016, industrial producer prices fell by 0.2 % in both the Euro Area (EA19) and the EU28, according to estimates from Eurostat, the statistical office of the European Union. In July 2016 prices increased by 0.3 % in both zones

In August 2016, compared with August 2015, industrial producer prices decreased by 2.1 % in the euro area and by 1.6 % in the EU28.

EU 1 Production Prices

Monthly comparison by main industrial grouping and by Member State

The 0.2 % decrease in industrial producer prices in total industry in the Euro Area in August 2016, compared with July 2016, is due to price falls of 0.8 % in the energy sector and of 0.1 % for intermediate goods, while prices remained stable for both capital goods and durable consumer goods and increased by 0.1 % for non-durable consumer goods. Prices in total industry excluding energy remained stable.

In the EU28, the 0.2% decrease is due to price falls of 0.8% in the energy sector and of 0.1% for intermediate goods, while prices remained stable for both capital goods and durable consumer goods and increased by 0.1% for non-durable consumer goods. Prices in total industry excluding energy remained stable.

The largest decreases in industrial producer prices were observed in the Netherlands (-1.9%), Croatia (-1.4 %), Ireland (-1.1 %) and Hungary (-1.0 %). Prices increased only in Latvia (+0.9 %), Sweden (+0.4 %), Cyprus (+0.2 %) and Finland (+0.1 %).

Annual comparison by main industrial grouping and by Member State

The 2.1 % decrease in industrial producer prices in total industry in the Euro Area in August 2016, compared with August 2015, is due to price falls of 6.0 % in the energy sector, of 1.9 % for intermediate goods and of 0.1 % for non- durable consumer goods, while prices rose by 0.5 % for capital goods and by 0.9 % for durable consumer goods. Prices in total industry excluding energy fell by 0.6 %.

In the EU28, the 1.6 % price decrease is due to price falls of 4.9 % in the energy sector and of 1.6 % for intermediate goods, while prices remained stable for non-durable consumer goods and increased by 0.9 % for both capital goods and durable consumer goods. Prices in total industry excluding energy fell by 0.3 %.

Industrial producer prices fell in nearly all Member States, with the largest decreases being observed in Luxembourg (-7.1 %), the Netherlands (-6.6 %), Croatia (-5.0 %) and Slovakia (-4.9 %). Industrial producer prices increased only in the United Kingdom (+1.4 %), Malta (+1.0 %), Sweden (+0.7 %) and Poland (+0.1 %).

Geographical information

The Euro area (EA19) includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

The European Union (EU28) includes Belgium, Bulgaria, the Czech Republic, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden and the United Kingdom.

http://ec.europa.eu/eurostat/  


Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.