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Home News Europe Industrial Producer Prices Down by 0.1% in Both Euro Area and EU28 - August 2014P


Industrial Producer Prices Down by 0.1% in Both Euro Area and EU28 - August 2014P
added: 2014-10-06

In August 2014, compared with July 2014, industrial producer prices fell by 0.1% in both the euro area (EA18) and the EU28, according to estimates from Eurostat, the statistical office of the European Union. In July prices decreased by 0.2% in both zones.

In August 2014, compared with August 2013, industrial producer prices decreased by 1.4% in the euro area and by 1.5% in the EU28.

Monthly comparison by main industrial grouping and by Member State

The 0.1% decrease in industrial producer prices in total industry in the euro area in August 2014, compared with July 2014, is due to falls of 0.4% in the energy sector and of 0.1% for intermediate goods, durable consumer goods and non-durable consumer goods, while prices rose by 0.1% for capital goods. Prices in total industry excluding energy remained stable.

In the EU28, the 0.1% decrease is due to falls of 0.4% in the energy sector and of 0.1% for both durable and non-durable consumer goods, while prices remained stable for intermediate goods, and increased by 0.1% for capital goods. Prices in total industry excluding energy remained stable.

The largest decreases in industrial producer prices were observed in Denmark (-0.7%), Croatia (-0.6%), Estonia (-0.5%) and Slovakia (-0.4%), and the highest increases in Sweden (+0.3%) and Hungary (+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 August 2014, compared with August 2013, is due to falls of 4.4% in the energy sector, of 0.6% for intermediate goods and of 0.2% for non-durable consumer goods, while prices rose by 0.4% 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 1.5% decrease is due to falls of 5.4% in the energy sector, of 0.5% for intermediate goods and of 0.2% for non-durable consumer goods, while prices rose by 0.5% 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 (-5.1%), Belgium (-4.7%) and Slovakia (-3.8%). The only increases were recorded in Romania (+0.8%), Latvia and Sweden (both +0.3%), while prices remained stable in the Czech Republic.


Source: Eurostat

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