European Industrial Producer Prices Down 0.3% in April - Modern Distribution Management

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European Industrial Producer Prices Down 0.3% in April

Prices decreased by 0.2 percent in the EU28.
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In April 2016, compared with March 2016, industrial producer prices fell by 0.3 percent in the euro area (EA19) and by 0.2 percent in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In March 2016 prices rose by 0.3 percent in the euro area and by 0.4 percent in the EU28.

In April 2016, compared with April 2015, industrial producer prices fell 4.4 percent in the euro area and by 4.2 percent in the EU28.

The 0.3 percent decrease in industrial producer prices in total industry in the euro area in April 2016, compared with March 2016, is due to price falls of 1.1 percent in the energy sector and of 0.1 percent for non-durable consumer goods, while prices rose by 0.1 percent for both capital goods and durable consumer goods and by 0.2 percent for intermediate goods. Prices in total industry excluding energy increased by 0.1 percent.

In the EU28, the 0.2 percent decrease is due to price falls of 0.5 percent in the energy sector and of 0.1 percent for non-durable consumer goods, while prices rose by 0.1 percent for both capital goods and durable consumer goods and by 0.2 percent for intermediate goods. Prices in total industry excluding energy increased by 0.1 percent.

The largest decreases in industrial producer prices were observed in Croatia (-1.5 percent), Sweden (-1 percent), Belgium, Estonia and Italy (all -0.9 percent), and the highest increases in Ireland (+1.3 percent), the United Kingdom (+0.6 percent) and Denmark (+0.5 percent).

The 4.4 percent decrease in industrial producer prices in total industry in the euro area in April 2016, compared with April 2015, is due to price falls of 12.5 percent in the energy sector, of 2.9 percent for intermediate goods and of 0.8 percent for non-durable consumer goods, while prices rose by 0.3 percent for capital goods and by 0.9 percent for durable consumer goods. Prices in total industry excluding energy fell by 1.2 percent.

In the EU28, the 4.2 percent price decrease is due to falls of 13.0 percent in the energy sector, of 2.6 percent for intermediate goods and of 0.7 percent for non-durable consumer goods, while prices rose by 0.5 percent for capital goods and by 0.9 percent for durable consumer goods. Prices in total industry excluding energy fell by 1.1 percent. Industrial producer prices fell in all Member States except Malta (+1 percent).

The largest decreases were observed in the Netherlands (-10.3 percent), Greece (-8.8 percent), Belgium (-6.9 percent) and Lithuania (-6.6 percent).

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