The 2020 Mid-Year Economic Update_long

European Industrial Production Down 0.1% in June

Production increases 0.1 percent in the EU28.

Compared with May, seasonally adjusted industrial production in June dipped 0.1 percent in the euro area (EA19) and rose 0.1 percent in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In May, prices remained stable in the euro area and increased 0.1 percent in the EU28.

In June compared with the same month a year ago, industrial production decreased by 2.2 percent in the euro area and by 2.7 percent in the EU28.

The decrease of 0.1 percent in industrial production in the euro area in June, compared with May, is due to a price fall of 0.2 percent in the energy sector, while prices remained stable for both intermediate goods and non-durable consumer goods, and increased by 0.1 percent for both capital goods and durable consumer goods. Prices in total industry excluding energy remained stable.

In the EU28, the 0.1 percent decrease is due to a price fall of 0.3 percent in the energy sector, while prices remained stable for both intermediate goods and non-durable consumer goods, and increased by 0.1 percent for capital goods and by 0.2 percent for durable consumer goods. Prices in total industry excluding energy remained stable.

The largest decreases in industrial producer prices were observed in Lithuania (-1.5 percent), Denmark, Slovakia and Sweden (all -0.9 percent), and the highest increases in Spain (+0.9 percent), Estonia (+0.6 percent), Hungary (+0.5 percent) and Poland (+0.4 percent).

Annual comparison

The 2.2 percent decrease in industrial producer prices in total industry in the euro area in June 2015, compared with June 2014, is due to price falls of 7.0 percent in the energy sector, of 1.1 percent for non-durable consumer goods and of 0.6 percent for intermediate goods, while prices rose by 0.7 percent for capital goods and by 1.0 percent for durable consumer goods. Prices in total industry excluding energy fell by 0.4 percent.

In the EU28, the 2.7 percent price decrease is due to falls of 9.8 percent in the energy sector, of 1.1 percent for non-durable consumer goods and of 0.6 percent for intermediate goods, while prices rose by 0.8 percent for capital goods and by 1.0 percent for durable consumer goods. Prices in total industry excluding energy fell by 0.3 percent.

Industrial producer prices fell in all Member States except Luxembourg (+0.5 percent). The largest decreases were observed in Lithuania (-8.5 percent), Denmark (-7.3 percent), the United Kingdom (-6.7 percent), Cyprus (-6.0 percent) and the Netherlands (-5.8 percent).

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