Industrial producer prices up by 0.6% in both euro area and EU28

Industrial producer prices up by 0.6% in both euro area and EU28

Industrial producer prices up by 0.6% in both euro area and EU28

The FINANCIAL -- In November 2017, compared with October 2017, industrial producer prices rose by 0.6% in both the euro area (EA19) and the EU28, according to estimates from Eurostat, the statistical office of the European Union.

In October 2017, prices increased by 0.4% in both zones.

In November 2017, compared with November 2016, industrial producer prices rose by 2.8% in the euro area and by 3.1% in the EU28.

Monthly comparison by main industrial grouping and by Member State

The 0.6% increase in industrial producer prices in total industry in the euro area in November 2017, compared with October 2017, is due to rises of 2.3% in the energy sector, of 0.2% for intermediate goods and of 0.1% for capital goods, while prices remained stable for durable consumer goods and fell by 0.2% for non-durable consumer goods. Prices in total industry excluding energy remained stable.

In the EU28, the 0.6% increase is due to rises of 2.5% in the energy sector, of 0.2% for intermediate goods and of 0.1% for both capital goods and durable consumer goods, while prices fell by 0.2% for non-durable consumer goods. Prices in total industry excluding energy remained stable.

The highest increases in industrial producer prices were observed in the Netherlands (+1.9%), Denmark (+1.8%), Belgium (+1.7%) and France (+1.4%), while decreases were observed in Cyprus (-0.5%), Ireland (-0.3%) and the Czech Republic (-0.1%).

Annual comparison by main industrial grouping and by Member State

The 2.8% increase in industrial producer prices in total industry in the euro area in November 2017, compared with November 2016, is due to rises of 4.9% in the energy sector, of 3.2% for intermediate goods, of 1.7% for non- durable consumer goods, of 1.0% for capital goods and of 0.7% for durable consumer goods. Prices in total industry excluding energy rose by 2.1%.

In the EU28, the 3.1% price increase is due to rises of 5.9% in the energy sector, of 3.4% for intermediate goods, of 1.9% for non-durable consumer goods and of 1.0% for both capital goods and durable consumer goods. Prices in total industry excluding energy rose by 2.2%.

Industrial producer prices rose in all Member States. The largest increases were recorded in Belgium (+7.1%), Bulgaria (+5.8%), the United Kingdom (+5.1%), Hungary (+4.7%) and the Netherlands (+4.6%).