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Home News Europe Industrial Producer Prices Down by 0.1% in Euro Area - July 2014


Industrial Producer Prices Down by 0.1% in Euro Area - July 2014
added: 2014-09-09

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

In July 2014, compared with July 2013, industrial producer prices decreased by 1.1% in the euro area and by 1.3% 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 July 2014, compared with June 2014, is due to a fall of 0.6% in the energy sector, while prices remained stable for the remaining groupings: intermediate goods, capital goods, durable and non-durable consumer goods. As a consequence, prices in total industry excluding energy also remained stable.

In the EU28, the 0.2% decrease is due to fall of 0.9% in the energy sector, while prices remained stable for intermediate goods, capital goods, durable and non-durable consumer goods. Prices in total industry excluding energy thus also remained stable.

The largest decreases in industrial producer prices were observed in Belgium (-0.9%), Denmark (-0.8%), Greece (-0.7%) and the United Kingdom (-0.6%), and the highest increases in Estonia (+1.7%) and Cyprus (+1.1%).

Annual comparison by main industrial grouping and by Member State

The 1.1% decrease in industrial producer prices in total industry in the euro area in July 2014, compared with July 2013, is due to falls of 3.5% in the energy sector and of 0.7% for intermediate goods, while prices rose by 0.1% for non-durable consumer goods, by 0.4% for capital goods and by 1.0% for durable consumer goods. Prices in total industry excluding energy fell by 0.1%.

In the EU28, the 1.3% decrease is due to fawhile prices rose by 0.1% for non-durable consumer goods, by 0.4% for capital goods and by 0.8% for durable consumer goods. Prices in total industry excluding energy remained stable. The largest decreases in industrial producer prices were observed in Belgium (-5.7%), Lithuania (-4.8%) and Slovakia (-2.9%), and the highest increases in Latvia, Romania and Sweden (all +0.2%).


Source: Eurostat

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