Industrial producer prices up in October by 0.8 % in Euro Area up by 1.0 % in EU28

Industrial producer prices up in October by 0.8 % in Euro Area up by 1.0 % in EU28

In October 2016, compared with September 2016, industrial producer prices rose by 0.8 % in the euro area (EA19) and by 1.0 % in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In September 2016 prices increased by 0.1 % in both zones

In October 2016, compared with October 2015, industrial producer prices fell by 0.4 % in the euro area, while it rose by 0.2 % in the EU28.

Monthly comparison by main industrial grouping and by Member State

The 0.8 % increase in industrial producer prices in total industry in the euro area in October 2016, compared with September 2016, is due to rises of 2.6% in the energy sector, of 0.3 % for non-durable consumer goods and of 0.1 % for both intermediate goods and durable consumer goods, while prices remained stable for capital goods. Prices in total industry excluding energy rose by 0.1 %.

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In the EU28, the 1.0 % increase is due to rises of 3.5 % in the energy sector, of 0.3 % for non-durable consumer goods, of 0.2 % for both intermediate goods and capital goods and of 0.1 % for durable consumer goods. Prices in total industry excluding energy rose by 0.1 %.

The largest increases in industrial producer prices were recorded in Estonia (+3.3 %), the Netherlands (+2.7 %) and Belgium  (+2.5 %),  while  decreases  were  observed  in  Latvia  (-0.8 %),  Italy,  Luxembourg  and  Slovenia  (all-0.2 %).

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Annual comparison by main industrial grouping and by Member State

The 0.4% decrease in industrial producer prices in total industry in the euro area in October 2016, compared with October 2015, is due to price falls of 1.5 % in the energy sector and of 0.8 % for intermediate goods, while prices increased by 0.5 % for both capital goods and non-durable consumer goods and by 1.0 % for durable consumer goods. Prices in total industry excluding energy remained stable.

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In the EU28, the 0.2 % price increase is due to rises of 1.0% for durable consumer goods, of 0.9 % for capital goods, of 0.7 % for non-durable consumer goods and of 0.5 % in the energy sector, while prices fell by 0.5 % for intermediate goods. Prices in total industry excluding energy also rose by 0.2 %.

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The largest decreases in industrial producer prices were observed in Luxembourg (-7.3 %), Slovakia (-2.9 %) and Latvia (-2.6 %), and the highest increases in the United Kingdom (+4.5 %), Belgium (+2.2 %) and Sweden (+2.0 %).

http://ec.europa.eu/eurostat/


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