Compared with May, June industrial producer prices rose by 0.7 percent in the euro area (EA19) and by 0.8 percent in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In May 2016, prices increased by 0.6 percent in both zones.
Compared with June 2015, industrial producer prices decreased by 3.1 percent in the euro area and by 2.9 percent in the EU28.
The 0.7 percent increase in industrial producer prices in total industry in the euro area in June 2016, compared with May 2016, is due to rises of 2.4 percent in the energy sector, of 0.3 percent for intermediate goods and of 0.1 percent for both capital goods and non-durable consumer goods, while prices remained stable for durable consumer goods. Prices in total industry excluding energy increased by 0.2 percent.
In the EU28, the 0.8 percent increase is due to rises of 2.8 percent in the energy sector, of 0.3 percent for intermediate goods and of 0.1 percent for both capital goods and non-durable consumer goods, while prices remained stable for durable consumer goods. Prices in total industry excluding energy increased by 0.2 percent.
Industrial producer prices rose in all Member States except Cyprus (-0.2 percent), with the highest increases observed in the Netherlands (+2.6 percent), Denmark (+2.5 percent), Spain (+1.8 percent) and Estonia (+1.6 percent).
The 3.1 percent decrease in industrial producer prices in total industry in the euro area in June 2016, compared with June 2015, is due to price falls of 8.7 percent in the energy sector, of 2.6 percent for intermediate goods and of 0.5 percent for nondurable consumer goods, while prices rose by 0.4 percent for capital goods and by 0.8 percent for durable consumer goods. Prices in total industry excluding energy fell by 1 percent.
In the EU28, the 2.9 percent decrease is due to falls of 8.6 percent in the energy sector, of 2.3 percent for intermediate goods and of 0.5 percent for non-durable consumer goods, while prices rose by 0.6 percent for capital goods and by 0.9 percent for durable consumer goods.
Prices in total industry excluding energy fell by 0.8 percent. Industrial producer prices fell in all Member States except Malta (+1 percent). The largest decreases were observed in Greece (-7.3 percent), the Netherlands (-6.2 percent), Croatia and Cyprus (both -4.8 percent).
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