European Industrial Producer Prices Down 0.2% in August

Prices also decreased by 0.2 percent in the EU28.

In August 2016, compared with July 2016, industrial producer prices fell by 0.2 percent in both the euro area (EA19) and the EU28, according to estimates from Eurostat, the statistical office of the European Union. In July 2016 prices increased by 0.3 percent in both zones.

In August 2016, compared with August 2015, industrial producer prices decreased by 2.1 percent in the euro area and by 1.6 percent in the EU28.

The 0.2 percent decrease in industrial producer prices in total industry in the euro area in August 2016, compared with July 2016, is due to price falls of 0.8 percent in the energy sector and of 0.1 percent for intermediate goods, while prices remained stable for both capital goods and durable consumer goods and increased by 0.1 percent for non-durable consumer goods. Prices in total industry excluding energy remained stable.

In the EU28, the 0.2 percent decrease is due to price falls of 0.8 percent in the energy sector and of 0.1 percent for intermediate goods, while prices remained stable for both capital goods and durable consumer goods and increased by 0.1 percent for non-durable consumer goods. Prices in total industry excluding energy remained stable. The largest decreases in industrial producer prices were observed in the Netherlands (-1.9 percent), Croatia (-1.4 percent), Ireland (-1.1 percent) and Hungary (-1 percent). Prices increased only in Latvia (+0.9 percent), Sweden (+0.4 percent), Cyprus (+0.2 percent) and Finland (+0.1 percent).

The 2.1 percent decrease in industrial producer prices in total industry in the euro area in August 2016, compared with August 2015, is due to price falls of 6.0 percent in the energy sector, of 1.9 percent for intermediate goods and of 0.1 percent for nondurable consumer goods, while prices rose by 0.5 percent for capital goods and by 0.9 percent for durable consumer goods. Prices in total industry excluding energy fell by 0.6 percent.

In the EU28, the 1.6 percent price decrease is due to price falls of 4.9 percent in the energy sector and of 1.6 percent for intermediate goods, while prices remained stable for non-durable consumer goods and increased by 0.9 percent for both capital goods and durable consumer goods. Prices in total industry excluding energy fell by 0.3 percent.

Industrial producer prices fell in nearly all Member States, with the largest decreases being observed in Luxembourg (-7.1 percent), the Netherlands (-6.6 percent), Croatia (-5.0 percent) and Slovakia (-4.9 percent). Industrial producer prices increased only in the United Kingdom (+1.4 percent), Malta (+1 percent), Sweden (+0.7 percent) and Poland (+0.1 percent).

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