Industrial producer prices down by 1.0% in both euro area and EU28

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The FINANCIAL — In January 2016, compared with December 2015, industrial producer prices fell by 1.0% in both the euro area (EA19) and the EU28, according to estimates from Eurostat, the statistical office of the European Union. In December 2015 prices decreased by 0.8% in both zones.

In January 2016, compared with January 2015, industrial producer prices fell by 2.9% in both the euro area and the EU28.

Monthly comparison by main industrial grouping and by Member State

The 1.0% decrease in industrial producer prices in total industry in the euro area in January 2016, compared with December 2015, is due to price falls of 3.2% in the energy sector and of 0.3% for intermediate goods, while prices remained stable for non-durable consumer goods and increased by 0.1% for capital goods and by 0.4% for durable consumer goods. Prices in total industry excluding energy remained stable.

In the EU28, the 1.0% decrease is due to price falls of 3.4% in the energy sector and of 0.3% for intermediate goods, while prices remained stable for non-durable consumer goods and increased by 0.1% for capital goods and by 0.4% for durable consumer goods. Prices in total industry excluding energy remained stable.

The largest decreases in industrial producer prices were observed in the Netherlands (-3.1%), Greece (-2.9%), Belgium (-2.7%), Spain (-2.5%) and Hungary (-2.2%), and the only increases in Estonia (+4.5%), Denmark (+1.7%), Lithuania (+0.6%), Luxembourg (+0.5%) and Malta (+0.1%).

Annual comparison by main industrial grouping and by Member State

The 2.9% decrease in industrial producer prices in total industry in the euro area in January 2016, compared with January 2015, is due to price falls of 8.6% in the energy sector, of 1.6% for intermediate goods and of 0.2% for non- durable consumer goods, while prices rose by 0.4% for capital goods and by 0.9% for durable consumer goods. Prices in total industry excluding energy fell by 0.6%.

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In the EU28, the 2.9% price decrease is due to falls of 9.6% in the energy sector, of 1.6% for intermediate goods and of 0.2% for non-durable consumer goods, while prices rose by 0.6% for capital goods and by 1.0% for durable consumer goods. Prices in total industry excluding energy fell by 0.5%.

Industrial producer prices fell in all Member States except Estonia, where prices remained stable. The largest decreases were observed in the Netherlands (-6.8%), Cyprus (-6.6%), Greece (-6.3%), Slovakia (-5.3%), Lithuania (-4.7%) and Spain (-4.2%).

 

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