Based on estimates from Eurostat, the statistical office of the European Union, industrial prices rose 0.3% in the euro area (EA19) and 0.4% in the EU28. Prices remained stable in July for the euro area while an increase of 0.1% was observed in the EU28.
The increase of 0.3% in the euro area was attributed to a rise of, “0.7% in the energy sector, of 0.2% for intermediate goods and of 0.1% for both durable and non-durable consumer goods, while prices remained stable for capital goods. Prices in total industry excluding energy rose by 0.1%.” In the EU28, the 0.4% rise was due to increases of 1.1% in energy sector, 0.2% for intermediate goods and 0.1% for capital goods, durable and non-durable goods. There was a 0.1% increase observed in prices in the total industry excluding energy.
Annual comparison by main industrial grouping and by member state, revealed a 2.5% increase in industrial producer prices in total industry in the euro area in August 2017 relative to August 2016. Eurostat indicated this was due to, “rises of 3.4% in the energy sector, of 3.0% for intermediate goods, of 2.5% for non-durable consumer goods, of 1.0% for capital goods and of 0.5% for durable consumer goods. Prices in total industry excluding energy rose by 2.2%.”
Within the EU28, the 2.9% increase in price was linked to a rise of 4.6% in the energy sector, 33.1% for the intermediate goods, of 2.8% for non-durable consumer goods, of 1.1% for capital goods and of 0.9% for durable consumer goods. Prices in total industry excluding energy rose by 2.4%.
Industrial producer prices rose in all Member States. The largest increases were recorded in Belgium (+7.2%), Bulgaria (+5.9%), Estonia (+5.7%) and the United Kingdom (+5.1%).
The Euro Area (EA19) includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.
The European Union (EU28) includes Belgium, Bulgaria, the Czech Republic, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden and the United Kingdom.
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