The 2020 Mid-Year Economic Update_long

European Industrial Producer Prices Rise 0.5% in Euro Area

Prices also rise by 0.6 percent in EU28.

Compared with January 2015, February industrial producer prices in Europe rose by 0.5 percent in in the euro area (EA19) and by 0.6 percent in the EU28, according to Eurostat, the statistical office of the European Union. In January prices decreased by 1.1 percent in in the euro area and by 1.3 percent in the EU28.

Compared with February 2014, industrial producer prices fell 2.8 percent in the euro area and by 3.4 percent in the EU28.

Compared with January, the increase in industrial producer prices in total industry in the euro area is due to rises of 2 percent in the energy sector and 0.1 percent for both durable and non-durable consumer goods. Prices remained stable for capital goods, while they fell by 0.2 percent for intermediate goods. Prices in total industry excluding energy decreased by 0.1 percent.

In the EU28, the increase is due to rises of 2.5 percent in the energy sector and of 0.1 percent for both durable and nondurable consumer goods. Prices remained stable for capital goods, while they fell by 0.2 percent for intermediate goods. Prices in total industry excluding energy decreased by 0.1 percent.

The highest increases in industrial producer prices were observed in Greece (+3.5 percent), the Netherlands (+2.3 percent) and Denmark (+1.7 percent), and the largest decreases in Slovakia (-2.2 percent), Estonia (-1.8 percent) and Ireland (-0.8 percent).

Compared with February 2014, the decrease in industrial producer prices in total industry in the euro area is due to falls of 8.1 percent in the energy sector, 1.8 percent for intermediate goods and 0.9 percent for nondurable 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 0.8 percent.

In the EU28, the decrease is due to falls of 11.5 percent in the energy sector, of 1.6 percent for intermediate goods and of 1.1 percent for non-durable consumer goods, while prices rose by 0.8 percent for both capital goods and durable consumer goods. Prices in total industry excluding energy fell by 0.7 percent.

Year over year, industrial producer prices fell in all member states, except in Luxembourg (+0.7 percent) and in Latvia where prices remained stable. The largest decreases were observed in Lithuania (-9.2 percent), the Netherlands (-8.3 percent), the United Kingdom (-8.2 percent), Belgium (-6.8 percent), Ireland (-6 percent) and Denmark (-5.8 percent).

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