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Home News Europe Industrial Producer Prices Down by 0.3% in Both Euro Area and EU27 - May 2013


Industrial Producer Prices Down by 0.3% in Both Euro Area and EU27 - May 2013
added: 2013-07-09

In May 2013, compared with April 2013, the industrial producer price index fell by 0.3% in both the euro area (EA17) and the EU27, according to estimates from Eurostat, the statistical office of the European Union. In April prices decreased by 0.6% in the euro area and by 0.8% in the EU27. In May 2013 compared with May 2012, industrial producer prices fell by 0.1% in the euro area and remained stable in the EU27.

Monthly comparison

In May 2013, compared with the previous month, prices in total industry excluding the energy sector fell by 0.1% in both the euro area and the EU27. Prices in the energy sector fell by 0.8% and 0.9% respectively. In both zones, intermediate goods decreased by 0.2%, while durable consumer goods and capital goods remained stable. Nondurable consumer goods increased by 0.1% in the euro area and by 0.2% in the EU27.

Prices decreased in most of the Member States for which data are available. The largest decreases in the total index were observed in Estonia (-3.6%), France (-1.2%), Denmark and Cyprus (both -0.8%). Increases were recorded only in Spain (+1.3%), Greece, Lithuania and Poland (all +0.1%), while prices remained stable in Malta.

Annual comparison

In May 2013, compared with May 2012, prices in total industry excluding the energy sector increased by 0.5% in the euro area and by 0.6% in the EU27. Prices in the energy sector decreased by 1.8% and 2.2% respectively. In both zones intermediate goods fell by 0.5%, while capital goods increased by 0.6%. Durable consumer goods gained 0.7% in the euro area and 0.5% in the EU27. Non-durable consumer goods rose by 2.0% and 2.2% respectively.

Among the Member States for which data are available, the highest increases in the total index were observed in Estonia (+6.7%), Romania (+4.9%), Latvia (+2.1%), Denmark (+1.7%) and the United Kingdom (+1.5%), and the largest decreases in Poland (-2.1%), Cyprus (-2.0%), Hungary and Sweden (both -1.5%), the Netherlands and Austria (both -1.2%).


Source: Eurostat

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