The 2020 Mid-Year Economic Update_long

Industrial producer prices in Europe Down by 0.1% in July

Industrial producer prices decreased by 1.1 percent in the euro area and by 1.3 percent in the EU28.

Compared with June 2014, industrial producer prices in July fell by 0.1 percent in the euro area (EA18) and by 0.2 percent in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In June, prices rose by 0.2 percent in the euro area and by 0.1 percent in the EU28.

Compared with July 2013, industrial producer prices decreased by 1.1 percent in the euro area and by 1.3 percent in the EU28.

Sequential comparison

The 0.1 percent decrease in industrial producer prices in total industry in the euro area in July 2014, compared with June 2014, is due to a fall of 0.6 percent in the energy sector, while prices remained stable for the remaining groupings: intermediate goods, capital goods, durable and non-durable consumer goods. As a consequence, prices in total industry excluding energy also remained stable.

In the EU28, the 0.2 percent decrease is due to fall of 0.9 percent in the energy sector, while prices remained stable for intermediate goods, capital goods, durable and non-durable consumer goods. Prices in total industry excluding energy thus also remained stable.

The largest decreases in industrial producer prices were observed in Belgium (-0.9 percent), Denmark (-0.8 percent), Greece (-0.7 percent) and the United Kingdom (-0.6 percent), and the highest increases in Estonia (+1.7 percent) and Cyprus (+1.1 percent).

Annual comparison

The 1.1 percent decrease in industrial producer prices in total industry in the euro area in July 2014, compared with July 2013, is due to falls of 3.5 percent in the energy sector and of 0.7 percent for intermediate goods, while prices rose by 0.1 percent for non-durable consumer goods, by 0.4 percent for capital goods and by 1 percent for durable consumer goods. Prices in total industry excluding energy fell by 0.1 percent.

In the EU28, the 1.3 percent decrease is due to falls of 4.4 percent in the energy sector and of 0.6 percent for intermediate goods, while prices rose by 0.1 percent for non-durable consumer goods, by 0.4 percent for capital goods and by 0.8 percent for durable consumer goods. Prices in total industry excluding energy remained stable.

The largest decreases in industrial producer prices were observed in Belgium (-5.7 percent), Lithuania (-4.8 percent) and Slovakia (-2.9 percent), and the highest increases in Latvia, Romania and Sweden (all +0.2 percent).

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