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Industrial producer prices down by 0.3% in euro area

Staff writer |
In April 2016, compared with March 2016, industrial producer prices fell by 0.3% in the euro area (EA19) and by 0.2% in the EU28, according to estimates from Eurostat.

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In March 2016 prices rose by 0.3% in the euro area and by 0.4% in the EU28. In April 2016, compared with April 2015, industrial producer prices decreased by 4.4% in the euro area and by 4.2% in the EU28.

The 0.3% decrease in industrial producer prices in total industry in the euro area in April 2016, compared with March 2016, is due to price falls of 1.1% in the energy sector and of 0.1% for non-durable consumer goods, while prices rose by 0.1% for both capital goods and durable consumer goods and by 0.2% for intermediate goods.

Prices in total industry excluding energy increased by 0.1%. In the EU28, the 0.2% decrease is due to price falls of 0.5% in the energy sector and of 0.1% for non-durable consumer goods, while prices rose by 0.1% for both capital goods and durable consumer goods and by 0.2% for intermediate goods. Prices in total industry excluding energy increased by 0.1%.

The largest decreases in industrial producer prices were observed in Croatia (-1.5%), Sweden (-1.0%), Belgium, Estonia and Italy (all -0.9%), and the highest increases in Ireland (+1.3%), the United Kingdom (+0.6%) and Denmark (+0.5%).

Annual comparison by main industrial grouping and by Member State The 4.4% decrease in industrial producer prices in total industry in the euro area in April 2016, compared with April 2015, is due to price falls of 12.5% in the energy sector, of 2.9% for intermediate goods and of 0.8% for non-durable consumer goods, while prices rose by 0.3% for capital goods and by 0.9% for durable consumer goods. Prices in total industry excluding energy fell by 1.2%.

In the EU28, the 4.2% price decrease is due to falls of 13.0% in the energy sector, of 2.6% for intermediate goods and of 0.7% for non-durable consumer goods, while prices rose by 0.5% for capital goods and by 0.9% for durable consumer goods. Prices in total industry excluding energy fell by 1.1%.

Industrial producer prices fell in all Member States except Malta (+1.0%). The largest decreases were observed in the Netherlands (-10.3%), Greece (-8.8%), Belgium (-6.9%) and Lithuania (-6.6%).


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