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Tuesday, November 4, 2014

Industrial producer prices up by 0.2% in euro area

by  KG/EUROPA In September 2014, compared with August 2014, industrial producer prices rose by 0.2% in the euro area (EA18) and by 0.1% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In August prices decreased by 0.2% in both zones. Monthly comparison by main industrial grouping and by Member State The 0.2% increase in industrial producer prices in total industry in the euro area in September 2014, compared with August 2014, is due to rises of 1.0% in the energy sector and of 0.1% for both capital goods and durable consumer goods, while prices fell by 0.1% for intermediate goods and by 0.3% for non-durable consumer goods. Prices in total industry excluding energy decreased by 0.1%. In the EU28, the 0.1% increase is due to rises of 0.6% in the energy sector and of 0.1% for durable consumer goods, while prices remained stable for capital goods, and decreased by 0.1% for intermediate goods and by 0.3% for non-durable consumer goods. Prices in total industry excluding energy fell by 0.1%. The largest increases in industrial producer prices were observed in Estonia (+1.1%), Denmark, Spain, France and the Netherlands (all +0.5%), and the highest decreases in the United Kingdom (-0.4%), the Czech Republic (-0.3%), Lithuania, Poland and Portugal (all -0.2%). Annual comparison by main industrial grouping and by Member State The 1.4% decrease in industrial producer prices in total industry in the euro area in September 2014, compared with September 2013, is due to falls of 4.3% in the energy sector and of 0.5% for both intermediate goods and non-durable consumer goods, while prices rose by 0.5% for capital goods and by 1.0% for durable consumer goods. Prices in total industry excluding energy fell by 0.2%. In the EU28, the 1.6% decrease is due to falls of 5.4% in the energy sector, of 0.6% for non-durable consumer goods and of 0.4% for intermediate goods, while prices rose by 0.6% for capital goods and by 0.8% for durable consumer goods. Prices in total industry excluding energy fell by 0.1%. The largest decreases in industrial producer prices were observed in Lithuania (-5.6%), Belgium and Slovakia (both -3.9%). The only increases were recorded in Romania (+0.4%), Latvia (+0.2%) and Greece (+0.1%).


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