Industrial producer prices up by 0.1% in euro area
Staff Writer |
In September 2016, compared with August 2016, industrial producer prices rose by 0.1% in the euro area (EA19) and by 0.2% in the EU28, according to Eurostat.
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In August 2016 prices fell by 0.2% in both zones. In September 2016, compared with September 2015, industrial producer prices decreased by 1.5% in the euro area and by 1.1% in the EU28.
The 0.1% increase in industrial producer prices in total industry in the euro area in September 2016, compared with August 2016, is due to rises of 0.2% in the energy sector and of 0.1% for both durable and non-durable consumer goods, while prices remained stable for both intermediate goods and capital goods. Prices in total industry excluding energy also rose by 0.1%.
In the EU28, the 0.2% increase is due to rises of 0.4% in the energy sector, of 0.2% for non-durable consumer goods and of 0.1% for durable consumer goods, while prices for both intermediate goods and capital goods remained stable. Prices in total industry excluding energy rose by 0.1%.
The largest increases in industrial producer prices were observed in the Netherlands (+2.0%), Belgium and Croatia (both +1.5%) and Estonia (+0.6%); industrial producer prices only decreased in Germany (-0.2%), Ireland, Italy, Malta and Sweden (all -0.1%).
The 1.5% decrease in industrial producer prices in total industry in the euro area in September 2016, compared with September 2015, is due to price falls of 4.7% in the energy sector and of 1.4% for intermediate goods, while prices remained stable for non-durable consumer goods and increased by 0.4% for capital goods and by 0.9% for durable consumer goods. Prices in total industry excluding energy fell by 0.3%.
In the EU28, the 1.1% price decrease is due to falls of 3.5% in the energy sector and of 1.1% for intermediate goods, while prices rose by 0.2% for non-durable consumer goods, by 0.8% for capital goods and by 1.0% for durable consumer goods. Prices in total industry excluding energy fell by 0.1%.
Industrial producer prices fell in nearly all Member States, with the largest decreases observed in Luxembourg (-7.1%), the Netherlands (-3.8%), Slovakia (-3.3%) and Greece (-3.2%).
Industrial producer prices increased only in the United Kingdom (+1.8%), Poland and Sweden (both +0.7%) and Malta (+0.4%). ■