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Home News Europe Industrial Producer Prices Down by 0.2% in Both Euro Area and EU28 - February 2014


Industrial Producer Prices Down by 0.2% in Both Euro Area and EU28 - February 2014
added: 2014-04-05

In February 2014, compared with January 2014, industrial producer prices fell by 0.2% in both the euro area (EA18) and the EU28, according to estimates from Eurostat, the statistical office of the European Union. In January prices decreased by 0.3% in both zones.

In February 2014, compared with February 2013, industrial producer prices decreased by 1.7% in the euro area and by 1.6% in the EU28.

Monthly comparison by main industrial grouping and by Member State

The 0.2% decrease in industrial producer prices in total industry in the euro area in February 2014, compared with January 2014, is due to falls of 0.5% in the energy sector and of 0.1% for intermediate goods, while prices remained stable for capital goods and non-durable consumer goods, and increased by 0.1% for durable consumer goods.
Prices in total industry excluding energy remained stable.

In the EU28, the 0.2% decrease is due to falls of 0.4% in the energy sector and of 0.1% for intermediate goods, while prices remained stable for capital goods and non-durable consumer goods, and rose by 0.1% for durable consumer goods. Prices in total industry excluding energy remained stable.

The largest decreases in industrial producer prices were observed in Estonia (-1.9%), Slovakia (-1.6%), Greece (-1.5%), Lithuania (-0.9%), Slovenia (-0.8%) and Spain (-0.7%), and the only increases in Denmark (+0.4%), Hungary (+0.3%), Croatia (+0.2%), Cyprus and Finland (both +0.1%).

Annual comparison by main industrial grouping and by Member State

The 1.7% decrease in industrial producer prices in total industry in the euro area in February 2014, compared with February 2013, is due to falls of 4.4% in the energy sector and of 1.8% for intermediate goods, while prices rose by 0.4% for capital goods, by 0.6% for non-durable consumer goods and by 0.9% for durable consumer goods. Prices in total industry excluding energy fell by 0.5%.

In the EU28, the 1.6% decrease is due to falls of 4.9% in the energy sector and of 1.6% for intermediate goods, while prices rose by 0.5% for capital goods and by 0.8% for both durable and non-durable consumer goods. Prices in total industry excluding energy decreased by 0.3%.

Industrial producer prices fell in almost all Member States, with the largest decreases observed in Cyprus (-5.4%), Lithuania (-4.6%), Belgium (-4.2%), Slovakia (-3.8%) and Greece (-3.5%), and the only increases in Ireland (+1.1%), Latvia (+0.5%) and Malta (+0.3%).


Source: Eurostat

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