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Home News Europe Industrial Producer Prices Down by 0.5% in Euro Area - October 2013


Industrial Producer Prices Down by 0.5% in Euro Area - October 2013
added: 2013-12-11

In October 2013, compared with September 2013, industrial producer prices fell by 0.5% in the euro area (EA17) and by 0.6% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In September prices rose by 0.2% and 0.1% respectively. In October 2013, compared with October 2012, industrial producer prices decreased by 1.4% in the euro area and by 1.1% in the EU28.

Monthly comparison

In October 2013, compared with September 2013, prices in total industry excluding the energy sector fell by 0.1% in both the euro area and the EU28. Prices in the energy sector decreased by 1.4% and 1.6% respectively. Nondurable consumer goods dropped by 0.3% in the euro area and by 0.2% in the EU28. In both zones, intermediate goods declined by 0.2%, while capital goods and durable consumer goods remained stable.

Decreases were recorded in almost all Member States for which data are available, the largest being registered in Croatia, Italy and Hungary (all -1.3%) and Denmark (-1.1%). The only increases were observed in Estonia and Cyprus (both +0.2%) and Sweden (+0.1%), while prices in Malta remained stable.

Annual comparison

In October 2013, compared with October 2012, prices in total industry excluding the energy sector fell by 0.3% in the euro area and by 0.1% in the EU28. Prices in the energy sector decreased by 3.6% and 3.3% respectively. Intermediate goods dropped by 1.8% in the euro area and by 1.5% in the EU28. Durable consumer goods increased by 0.5% and 0.3% respectively. Capital goods gained 0.5% in the euro area and 0.6% in the EU28. Non-durable consumer goods rose by 1.1% and 1.3% respectively.

Among the Member States for which data are available, the largest decreases in the total index were observed in Cyprus (-4.0%), Bulgaria (-3.9%), the Netherlands (-3.7%) and Croatia (-3.0%), and the highest increases in Estonia (+10.9%), Ireland (+1.6%), Denmark (+1.3%) and Romania (+1.0%).


Source: Eurostat

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