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European Industrial Producer Prices Edge Down in November

European industrial producer prices fell by 0.1 percent from October to November in both the euro area (EA17) and the EU28, according to estimates from Eurostat. In October, prices decreased by 0.5 percent in both zones.

Compared to the prior year, November industrial producer prices decreased by 1.2 percent in the euro area and by 1 percent in the EU28. Compared with October, November prices in total industry excluding construction and the energy sector fell by 0.1 percent in both the euro area and the EU28. Intermediate goods fell by 0.2 percent and 0.1 percent, respectively.

Prices in the energy sector remained stable in the euro area and decreased by 0.4 percent in the EU28. In both zones, capital goods, durable consumer goods and non-durable consumer goods remained stable.

Among the Member States for which data are available, the largest decreases were registered in Estonia (down 1.8 percent), Hungary (down 1.3 percent), Denmark (down 1.1 percent) and Spain (down 0.9 percent). The only increases were observed in the Czech Republic (up 0.7 percent), France (up 0.5 percent), the Netherlands (up 0.3 percent), Greece and Sweden (both up 0.1 percent).

Compared with November 2012, November 2013 prices in total industry excluding construction and the energy sector fell by 0.3 percent in the euro area and by 0.1 percent in the EU28. Prices in the energy sector decreased by 3.2 percent and 3 percent, respectively. Intermediate goods dropped by 1.7 percent in the euro area and by 1.5 percent in the EU28.

Durable consumer goods increased by 0.5 percent and 0.2 percent, respectively. Capital goods gained 0.5 percent in the euro area and 0.6 percent in the EU28. Non-durable consumer goods rose by 0.8 percent and 1 percent, respectively.

Among the Member States for which data are available, the largest decreases in the total index were observed in Bulgaria (down 4 percent), the Netherlands (down 3.4 percent) and Belgium (down 2.7 percent), and the highest increases in Estonia ( up 8.7 percent), Romania (up 0.9 percent), Ireland (up 0.8 percent) and the Czech Republic (up 0.6 percent).

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