The 2020 Mid-Year Economic Update_long

European Industrial Producer Prices Down 0.1% in August

The decrease is due to falls in the energy sector and for intermediate goods, durable consumer goods and non-durable consumer goods.

Compared with July 2014, industrial producer prices in August fell by 0.1 percent in both the euro area (EA18) and the EU22, according to estimates from Eurostat, the statistical office of the European Union. In July prices decreased by 0.2 percent in both zones.

Compared with August 2013, industrial producer prices decreased by 1.4 percent in the euro area and by 1.5 percent in the EU28.

Sequential comparison

The 0.1 percent decrease in industrial producer prices in total industry in the euro area in August 2014, compared with July 2014, is due to falls of 0.4 percent in the energy sector and of 0.1 percent for intermediate goods, durable consumer goods and non-durable consumer goods, while prices rose by 0.1 percent for capital goods. Prices in total industry excluding energy remained stable.

In the EU28, the 0.1 percent decrease is due to falls of 0.4 percent in the energy sector and of 0.1 percent for both durable and non-durable consumer goods, while prices remained stable for intermediate goods, and increased by 0.1 percent for capital goods. Prices in total industry excluding energy remained stable.

The largest decreases in industrial producer prices were observed in Denmark (-0.7 percent), Croatia (-0.6 percent), Estonia (-0.5 percent) and Slovakia (-0.4 percent), and the highest increases in Sweden (+0.3 percent) and Hungary (+0.2 percent).

Annual comparison

The 1.4 percent decrease in industrial producer prices in total industry in the euro area in August 2014, compared with August 2013, is due to falls of 4.4 percent in the energy sector, of 0.6 percent for intermediate goods and of 0.2 percent for non-durable consumer goods, while prices rose by 0.4 percent for capital goods and by 1 percent for durable consumer goods. Prices in total industry excluding energy fell by 0.2 percent.

In the EU28, the 1.5 percent decrease is due to falls of 5.4 percent in the energy sector, of 0.5 percent for intermediate goods and of 0.2 percent for non-durable consumer goods, while prices rose by 0.5 percent for capital goods and by 0.8 percent for durable consumer goods. Prices in total industry excluding energy fell by 0.1 percent.

The largest decreases in industrial producer prices were observed in Lithuania (-5.1 percent), Belgium (-4.7 percent) and Slovakia (-3.8 percent). The only increases were recorded in Romania (+0.8 percent), Latvia and Sweden (both +0.3 percent), while prices remained stable in the Czech Republic.

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