The 2020 Mid-Year Economic Update_long

European Industrial Producer Prices Rise 0.2% in Euro Area

Prices also rise by 0.2 percent in EU28.

Compared with February 2015, March industrial producer prices in Europe rose by 0.2 percent in in both the euro area (EA19) and the EU28, according to Eurostat, the statistical office of the European Union. In February prices increased by 0.6 percent in both zones.

Compared with March 2014, industrial producer prices fell 2.3 percent in the euro area and by 2.9 percent in the EU28.

Compared with February, the increase in industrial producer prices in total industry in the euro area is due to rises of 0.5 percent in the energy sector, of 0.2 percent for intermediate goods and of 0.1 percent for capital goods, durable consumer goods and non-durable consumer goods. Prices in total industry excluding energy also increased by 0.2 percent.

In the EU28, the increase is due to rises of 0.7 percent in the energy sector, of 0.2 percent for intermediate goods and of 0.1 percent for capital goods, durable consumer goods and non-durable consumer goods. Prices in total industry excluding energy also increased by 0.2 percent.

The highest increases in industrial producer prices were observed in Ireland (+2.6 percent), Belgium (+1.7 percent) and Croatia (+1.2 percent), and the largest decreases in Cyprus (-3.3 percent), Denmark (-0.8 percent) and Latvia (-0.7 percent).

Compared with March 2014, the decrease in industrial producer prices in total industry in the euro area is due to falls of 6.8 percent in the energy sector, of 1.3 percent for intermediate goods and of 0.9 percent for non-durable consumer goods, while prices rose by 0.7 percent for capital goods and by 1 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 10 percent in the energy sector, of 1.2 percent for intermediate goods and of 1 percent for non-durable consumer goods, while prices rose by 0.7 percent for capital goods and by 0.8 percent for durable consumer goods. Prices in total industry excluding energy fell by 0.5 percent.

Year over year, industrial producer prices fell in all member states, except Luxembourg (+1.2 percent) and Romania (+0.1 percent), and Slovenia and Sweden where prices remained stable. The largest decreases were observed in Lithuania (-9.1 percent), the United Kingdom (-7.6 percent), the Netherlands (-6.5 percent), Denmark (-5.7 percent), Cyprus (-5.5 percent) and Belgium (-4.6 percent).

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