The 2020 Mid-Year Economic Update_long

European Industrial Producer Prices Stable in February

Prices increased by 0.1 percent in the EU28.

In February, compared with January 2017, industrial producer prices remained stable in the euro area (EA19), while they rose by 0.1 percent in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In January 2017 prices increased by 1.1 percent in both zones. Year-over-year, industrial producer prices rose by 4.5 percent in the euro area and by 5.3 percent in the EU28.

Industrial producer prices in total industry remained stable in the euro area in February 2017, compared with January 2017, due to rises of 0.6 percent for intermediate goods, of 0.2 percent for non-durable consumer goods and of 0.1 percent for both capital goods and durable consumer goods, while prices fell by 1.1 percent in the energy sector. Prices in total industry excluding energy rose by 0.3 percent. In the EU28, the 0.1 percent increase is due to rises of 0.6 percent for intermediate goods, of 0.2 percent for non-durable consumer goods and of 0.1 percent for both capital goods and durable consumer goods, while prices fell by 0.7 percent in the energy sector. Prices in total industry excluding energy rose by 0.3 percent. The highest increases in industrial producer prices were observed in Greece (+1.3 percent), Ireland (+0.8 percent) and Denmark (+0.7 percent), and the largest decreases in Portugal (-1.5 percent), Spain (-1.4 percent) and Luxembourg (-0.6 percent).

The 4.5 percent increase in industrial producer prices in total industry in the euro area in February 2017, compared with February 2016, is due to rises of 11.4 percent in the energy sector, of 3.3 percent for intermediate goods, of 1.9 percent for non-durable consumer goods, of 0.8 percent for capital goods and of 0.7 percent for durable consumer goods. Prices in total industry excluding energy rose by 2.1 percent.

In the EU28, the 5.3 percent price increase is due to rises of 15.7 percent in the energy sector, of 3.3 percent for intermediate goods, of 2.0 percent for non-durable consumer goods, of 1.1 percent for capital goods and of 0.9 percent for durable consumer goods. Prices in total industry excluding energy rose by 2.3 percent.

The largest increases in industrial producer prices were recorded in Belgium (+14.8 percent), the Netherlands (+11.0 percent) and the United Kingdom (+10.3 percent), while a decrease was observed in Luxembourg (-3.1 percent)

 

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