The FINANCIAL — In August 2016, compared with July 2016, industrial producer prices fell by 0.2% in both the euro area (EA19) and the EU28, according to estimates from Eurostat, the statistical office of the European Union. In July 2016 prices increased by 0.3% in both zones.
In August 2016, compared with August 2015, industrial producer prices decreased by 2.1% in the euro area and by 1.6% in the EU28.
Monthly comparison by main industrial grouping and by Member State
The 0.2% decrease in industrial producer prices in total industry in the euro area in August 2016, compared with July 2016, is due to price falls of 0.8% in the energy sector and of 0.1% for intermediate goods, while prices remained stable for both capital goods and durable consumer goods and increased by 0.1% for non-durable consumer goods. Prices in total industry excluding energy remained stable.
In the EU28, the 0.2% decrease is due to to price falls of 0.8% in the energy sector and of 0.1% for intermediate goods, while prices remained stable for both capital goods and durable consumer goods and increased by 0.1% for non-durable consumer goods. Prices in total industry excluding energy remained stable.
The largest decreases in industrial producer prices were observed in the Netherlands (-1.9%), Croatia (-1.4%), Ireland (-1.1%) and Hungary (-1.0%). Prices increased only in Latvia (+0.9%), Sweden (+0.4%), Cyprus (+0.2%) and Finland (+0.1%).
Annual comparison by main industrial grouping and by Member State
The 2.1% decrease in industrial producer prices in total industry in the euro area in August 2016, compared with August 2015, is due to price falls of 6.0% in the energy sector, of 1.9% for intermediate goods and of 0.1% 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 0.6%.
In the EU28, the 1.6% price decrease is due to price falls of 4.9% in the energy sector and of 1.6% for intermediate goods, while prices remained stable for non-durable consumer goods and increased by 0.9% for both capital goods and durable consumer goods. Prices in total industry excluding energy fell by 0.3%.
Industrial producer prices fell in nearly all Member States, with the largest decreases being observed in Luxembourg (-7.1%), the Netherlands (-6.6%), Croatia (-5.0%) and Slovakia (-4.9%). Industrial producer prices increased only in the United Kingdom (+1.4%), Malta (+1.0%), Sweden (+0.7%) and Poland (+0.1%).
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