European Industrial Producer Prices Up 0.1% in September

Prices increased by 0.2 percent in the EU28.

In September 2016, compared with August 2016, industrial producer prices rose by 0.1 percent in the euro area (EA19) and by 0.2 percent the EU28, according to estimates from Eurostat, the statistical office of the European Union. In August 2016 prices fell by 0.2 percent in both zones. In September 2016, compared with September 2015, industrial producer prices decreased by 1.5 percent in the euro area and by 1.1 percent in the EU28.

The 0.1 percent increase in industrial producer prices in total industry in the euro area in September 2016, compared with August 2016, is due to rises of 0.2 percent in the energy sector and of 0.1 percent for both durable and non-durable consumer goods, while prices remained stable for both intermediate goods and capital goods. Prices in total industry excluding energy also rose by 0.1 percent.

In the EU28, the 0.2 percent increase is due to rises of 0.4 percent in the energy sector, of 0.2 percent for non-durable consumer goods and of 0.1 percent for durable consumer goods, while prices for both intermediate goods and capital goods remained stable. Prices in total industry excluding energy rose by 0.1 percent.

The largest increases in industrial producer prices were observed in the Netherlands (+2 percent), Belgium and Croatia (both +1.5 percent) and Estonia (+0.6 percent); industrial producer prices only decreased in Germany (-0.2 percent), Ireland, Italy, Malta and Sweden (all -0.1 percent).

The 1.5 percent decrease in industrial producer prices in total industry in the euro area in September 2016, compared with September 2015, is due to price falls of 4.7 percent in the energy sector and of 1.4 percent for intermediate goods, while prices remained stable for non-durable consumer goods and increased by 0.4 percent for capital goods and by 0.9 percent for durable consumer goods. Prices in total industry excluding energy fell by 0.3 percent.

In the EU28, the 1.1 percent price decrease is due to falls of 3.5 percent in the energy sector and of 1.1 percent for intermediate goods, while prices rose by 0.2 percent for non-durable consumer goods, by 0.8 percent for capital goods and by 1.0 percent for durable consumer goods. Prices in total industry excluding energy fell by 0.1 percent.

Industrial producer prices fell in nearly all Member States, with the largest decreases observed in Luxembourg (-7.1 percent), the Netherlands (-3.8 percent), Slovakia (-3.3 percent) and Greece (-3.2 percent). Industrial producer prices increased only in the United Kingdom (+1.8 percent), Poland and Sweden (both +0.7 percent) and Malta (+0.4 percent).

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