The 2020 Mid-Year Economic Update_long

European Industrial Producer Price Index: December 2013

Industrial producer price index rose 0.2 percent in both euro area and EU28 in December.

In December 2013, compared with November 2013, industrial producer price index rose by 0.2 percent in both the euro area and the EU28, according to estimates from Eurostat, the statistical office of the European Union. In November, prices fell by 0.1 percent in both zones.

Prices in total industry excluding construction and the energy sector remained stable in both the euro area and the EU28 from the previous month. Prices in the energy sector increased by 0.5 percent and 0.7 percent respectively. Non-durable consumer goods rose by 0.1 percent in the euro area and remained stable in the EU28.

In both zones, intermediate goods, capital goods and durable consumer goods all remained stable. Among the Member States for which data are available, the highest increases were registered in Spain (up 1.1 percent), the Czech Republic and Sweden (both up 0.8 percent), and the largest decreases in Estonia (down 1.7 percent), Latvia (down 0.9 percent) and Lithuania (down 0.6 percent).

In December 2013, compared with December 2012, industrial producer prices decreased by 0.8 percent in the euro area and by 0.6 percent in the EU28. The average industrial producer prices for the year 2013, compared with 2012, dropped by 0.2 percent in the euro area and remained stable in the EU28.

Compared to the previous year, 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 2.0 percent and 1.5 percent respectively. Intermediate goods dropped by 1.7 percent in the euro area and by 1.5 percent in the EU28.

In both zones, durable consumer goods increased by 0.6 percent. Capital goods gained 0.6 percent in the euro area and 0.7 percent in the EU28. Non-durable consumer goods rose by 0.9 percent and 1.0 percent respectively. Among the Member States for which data are available, the largest decreases were observed in Cyprus (down 5.2 percent), Belgium (down 3.6 percent), Bulgaria (down 2.8 percent), Croatia and the Netherlands (both down 2.6 percent), and the highest increases in Estonia (up 7.2 percent), the Czech Republic (up 1.8 percent), Ireland (up 1.4 percent) and Romania (up 1.0 percent).

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