The FINANCIAL — In October 2016, compared with September 2016, industrial producer prices rose by 0.8% in the euro area (EA19) and by 1.0% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In September 2016 prices increased by 0.1% in both zones.
In October 2016, compared with October 2015, industrial producer prices fell by 0.4% in the euro area, while it rose by 0.2% in the EU28.
Monthly comparison by main industrial grouping and by Member State
The 0.8% increase in industrial producer prices in total industry in the euro area in October 2016, compared with September 2016, is due to rises of 2.6% in the energy sector, of 0.3% for non-durable consumer goods and of 0.1% for both intermediate goods and durable consumer goods, while prices remained stable for capital goods. Prices in total industry excluding energy rose by 0.1%.
In the EU28, the 1.0% increase is due to rises of 3.5% in the energy sector, of 0.3% for non-durable consumer goods, of 0.2% for both intermediate goods and capital goods and of 0.1% for durable consumer goods. Prices in total industry excluding energy rose by 0.1%.
The largest increases in industrial producer prices were recorded in Estonia (+3.3%), the Netherlands (+2.7%) and Belgium (+2.5%), while decreases were observed in Latvia (-0.8%), Italy, Luxembourg and Slovenia (all -0.2%).
Annual comparison by main industrial grouping and by Member State
The 0.4% decrease in industrial producer prices in total industry in the euro area in October 2016, compared with October 2015, is due to price falls of 1.5% in the energy sector and of 0.8% for intermediate goods, while prices increased by 0.5% for both capital goods and non-durable consumer goods and by 1.0% for durable consumer goods. Prices in total industry excluding energy remained stable.
In the EU28, the 0.2% price increase is due to rises of 1.0% for durable consumer goods, of 0.9% for capital goods, of 0.7% for non-durable consumer goods and of 0.5% in the energy sector, while prices fell by 0.5% for intermediate goods. Prices in total industry excluding energy also rose by 0.2%.
The largest decreases in industrial producer prices were observed in Luxembourg (-7.3%), Slovakia (-2.9%) and Latvia (-2.6%), and the highest increases in the United Kingdom (+4.5%), Belgium (+2.2%) and Sweden (+2.0%).
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