The 2020 Mid-Year Economic Update_long

European Industrial Producer Prices Up 0.1% in July

Prices decreased by 0.3 percent in the EU28.

European seasonally adjusted industrial production rose by 0.1 percent in July in the euro area (EA19) and decreased by 0.3 percent in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In June 2017, industrial production fell by 0.6 percent in both zones. In July 2017 compared with July 2016, industrial production increased by 3.2 percent in the euro area and by 3.1 percent in the EU28.

The increase of 0.1 percent in industrial production in the euro area in July 2017, compared with June 2017, is due to production of capital goods rising by 0.8 percent, durable consumer goods by 0.7 percent and intermediate goods by 0.5 percent, while production of non-durable consumer goods fell by 0.4 percent and energy by 1.2 percent. In the EU28, the decrease of 0.3 percent is due to production of energy falling by 1.1 percent and non-durable consumer goods by 0.6 percent, while production of durable consumer goods rose by 0.2 percent and that of both intermediate goods and capital goods by 0.4 percent.

Among member states for which data are available, the highest increases in industrial production were registered in Portugal (+1.9 percent), Ireland (+1.8 percent) and France (+0.6 percent), and the largest decreases in the Czech Republic (-9.8 percent), Hungary (-4.1 percent), Malta and Slovakia (both -3.3 percent).

The increase of 3.2 percent in industrial production in the euro area in July 2017, compared with July 2016, is due to production of durable consumer goods rising by 5.7 percent, intermediate goods by 4.8 percent, capital goods by 4.3 percent and energy by 1.2 percent, while production of non-durable consumer goods fell by 0.5 percent. In the EU28, the increase of 3.1 percent is due to production of durable consumer goods rising by 5.0 percent, intermediate goods by 4.8 percent, capital goods by 4.6 percent and energy by 0.1 percent, while production of non-durable consumer goods fell by 0.4 percent.

Among member states for which data are available, the highest increases in industrial production were registered in Slovakia (+9.2 percent), Latvia (+8.9 percent) and Romania (+7.6 percent). Decreases were observed in Ireland (-9.2 percent), Denmark (-3.1 percent) and Malta (-1.7 percent).

 

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