The 2020 Mid-Year Economic Update_long

European Industrial Producer Price Index Falls in April

Estimates in both the euro area and the EU27 declined from March levels.

The industrial producer price index fell by 0.6 percent in the euro area (EA17) and by 0.7 percent in the EU27 in April, according to estimates from Eurostat, the statistical office of the European Union. In March,prices decreased by 0.2 percent in both zones.

Compared with April 2012, industrial producer prices fell by 0.2 percent in both the euro area and the EU27.

Compared with the previous month, prices in total industry excluding the energy sector fell by 0.2 percent in the euro area and by 0.1 percent in the EU27. Prices in the energy sector dropped by 1.6 percent and 2 percent respectively. Intermediate goods decreased by 0.4 percent in the euro area and by 0.3 percent in the EU27. Non-durable consumer goods declined by 0.1 percent in the euro area and remained stable in the EU27. In both zones, durable consumer goods remained stable while capital goods rose by 0.1 percent.

Prices decreased in most of the Member States for which data are available. The largest decreases in the total index were observed in the United Kingdom (-1.5 percent), Belgium (-1.4 percent), Greece and the Netherlands (both -1.3 percent). Increases were recorded only in Latvia (+1.1 percent), Denmark (+0.4 percent), Estonia (+0.2 percent), Cyprus and Slovakia (both +0.1 percent), while prices remained stable in Malta and Slovenia.

Compared with the prior year, prices in total industry excluding the energy sector increased by 0.6 percent in the euro area and by 0.7 percent in the EU27. Prices in the energy sector decreased by 2 percent and 2.8 percent respectively. Intermediate goods fell by 0.3 percent in the euro area and by 0.2 percent in the EU27. Capital goods increased by 0.6 percent and 0.7 percent respectively. Durable consumer goods gained 0.7 percent in the euro area and 0.6 percent in the EU27. Non-durable consumer goods rose by 1.9 percent and 2.1 percent respectively.

Among the Member States for which data are available, the highest increases in the total index were observed in Estonia (+11.3 percent), Romania (+4.9 percent), Belgium (+1.9 percent) and Latvia (+1.8 percent), and the largest decreases in Greece (-2.4 percent), Poland (-2.1 percent), Sweden (-1.7 percent) and the Netherlands (-1.5 percent).

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