The 2020 Mid-Year Economic Update_long

European Industrial Producer Prices Fall 0.1% in Euro Area

Prices remained stable in EU28.

Compared with March 2015, April industrial producer prices in Europe fell by 0.1 percent in the euro area (EA19) and remained stable in the EU28, according to Eurostat, the statistical office of the European Union. In March, prices increased by 0.2 percent in the euro area and by 0.3 percent in the EU28.

Compared with April 2014, industrial producer prices decreased by 2.2 percent in the euro area and by 2.8 percent in the EU28.

Compared with March, the decrease in industrial producer prices in total industry in the euro area is due to a fall of 0.6 percent in the energy sector, while prices remained stable for both durable and nondurable consumer goods, and increased by 0.1 percent for capital goods and by 0.3 percent for intermediate goods. Prices in total industry excluding energy rose by 0.1 percent.

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

The largest decreases in industrial producer prices were observed in Malta (-4.4 percent), Romania (-0.7 percent) and Croatia (-0.6 percent), and the highest increases in the Czech Republic, Denmark, Spain and the United Kingdom (all +0.4 percent).

Compared with April 2014, the decrease in industrial producer prices in total industry in the euro area is due to falls of 6.4 percent in the energy sector, of 1.1 percent for non-durable consumer goods and of 1 percent for intermediate goods, while prices rose by 0.8 percent for capital goods and by 0.9 percent for durable consumer goods. Prices in total industry excluding energy fell by 0.5 percent.

In the EU28, the decrease is due to falls of 9.6 percent in the energy sector, of 1.2 percent for non-durable consumer goods and of 0.9 percent for intermediate goods, while prices rose by 0.8 percent for capital goods and by 0.9 percent for durable consumer goods. Prices in total industry excluding energy fell by 0.5 percent.

Year over year, industrial producer prices fell in nearly all Member States, except Luxembourg (+0.8 percent), Sweden (+0.2 percent) and Slovenia where prices remained stable. The largest decreases were observed in Lithuania (-8.8 percent), the United Kingdom (-7.1 percent), the Netherlands (-5.8 percent), Cyprus (-5.7 percent), Denmark (-5.6 percent) and Greece (-4.4 percent).

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