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Home News Europe Industrial Producer Prices up by 0.1% in both euro area and EU28 - June 2014


Industrial Producer Prices up by 0.1% in both euro area and EU28 - June 2014
added: 2014-08-11

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

In June 2014, compared with June 2013, industrial producer prices decreased by 0.8% in both the euro area and the EU28.

Monthly comparison by main industrial grouping and by Member State

The 0.1% increase in industrial producer prices in total industry in the euro area in June 2014, compared with May 2014, is due to rises of 0.5% in the energy sector and of 0.1% for both capital goods and durable consumer goods, while prices remained stable for intermediate goods and for non-durable consumer goods. Prices in total industry excluding energy also rose by 0.1%.

In the EU28, the 0.1% increase is due to rises of 0.3% in the energy sector and of 0.1% for durable consumer goods, while prices remained stable for intermediate goods, capital goods and non-durable consumer goods. Prices in total industry excluding energy remained stable.

The largest increases in industrial producer prices were observed in Spain (+0.9%), Latvia (+0.6%), Greece and Hungary (both +0.4%), and the highest decreases in Lithuania (-0.9%), Estonia (-0.8%) and Denmark (-0.4%).

Annual comparison by main industrial grouping and by Member State

The 0.8% decrease in industrial producer prices in total industry in the euro area in June 2014, compared with June 2013, is due to falls of 2.3% in the energy sector and of 0.9% for intermediate goods, while prices rose by 0.3% 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 0.8% decrease is due to falls of 2.3% in the energy sector and of 0.8% for intermediate goods, while prices rose by 0.3% 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 decreased by 0.1%.

The largest decreases in industrial producer prices were observed in Estonia (-6.6%), Lithuania (-4.7%) and Belgium (-4.5%), and the highest increases in Greece (+1.6%), Sweden (+0.7%) and Romania (+0.6%).


Source: Eurostat

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