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Home News Europe Industrial Producer Prices Down by 0.2% in Both Euro Area and EU27 in November 2012


Industrial Producer Prices Down by 0.2% in Both Euro Area and EU27 in November 2012
added: 2013-01-08

In November 2012, compared with October 2012, the industrial producer price index fell by 0.2% in both the euro area (EA17) and the EU27, according to estimates from Eurostat, the statistical office of the European Union. In October prices rose by 0.1% in both zones. In November 2012 compared with November 2011, industrial producer prices gained 2.1% in the euro area and 1.9% in the EU27.

Monthly comparison

In November 2012, compared with the previous month, prices in total industry excluding the energy sector fell by 0.1% in the euro area and remained stable in the EU27. Prices in the energy sector fell by 0.7% in the euro area and by 1.1% in the EU27. In both zones, intermediate goods decreased by 0.2%, while capital goods gained 0.1%.

Durable consumer goods increased by 0.1% in the euro area and remained stable in the EU27. Non-durable consumer goods rose by 0.1% in the euro area and by 0.2% in the EU27. Among the Member States for which data are available, the largest decreases in the total index were recorded in Greece (-0.9%), Lithuania, Hungary and Portugal (all -0.6%), and the highest increases in Denmark (+0.7%), Belgium (+0.6%) and Ireland (+0.4%).

Annual comparison

In November 2012, compared with November 2011, prices in total industry excluding the energy sector increased by 1.5% in both the euro area and the EU27. Prices in the energy sector rose by 4.1% and 2.9% respectively. Nondurable consumer goods gained 2.3% in the euro area and 2.6% in the EU27. Intermediate goods rose by 1.4% in the euro area and by 1.2% in the EU27. Durable consumer goods gained 1.1% in both zones. Capital goods increased by 1.0% in the euro area and by 0.9% in the EU27.

Among the Member States for which data are available, the largest increases in the total index were observed in Bulgaria (+6.4%), Cyprus (+5.6%), Belgium and Romania (both +5.3%), and the smallest in Austria (+0.3%), Hungary (+0.6%), Malta (+0.9%) and the United Kingdom (+1.1%). The only decrease was recorded in Sweden (-1.6%).


Source: Eurostat

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