Industrial Producer Prices Up By 0.4% in Euro Area

August 02, 2018

According to the latest report published by Eurostat, the statistical office of the European Union, “In June 2018, compared with May 2018, industrial producer prices rose by 0.4% in both the euro area (EA19) and the EU28.” However, in May 2018 there price increased by 0.8% in the euro area while in EU28 an 1.1% increase was reflected.

Additionally, the report mentioned that in June 2018, compared with June 2017, industrial producer prices rose by 3.6% in the euro area and by 4.4% in the EU28.

Annual comparison by main industrial grouping and by Member State

The 3.6% increase in industrial producer prices in total industry in the euro area in June 2018, compared with June 2017, is due to rises of 9.5% in the energy sector, 3.0% for intermediate goods and 1.1% for durable consumer goods, of 1.0% for capital goods and of 0.1% for non-durable consumer goods.

“In the EU28, the 4.4% price increase is due to rises of 14%, 3.3% 1.3% and 1.1% and 0.5% increase in the in the energy sector, intermediate goods, durable consumer goods, capital goods and non-durable consumer goods respectively.”  Whereby, prices in total industry excluding energy rose by 1.8%.

Notably, the largest increases in industrial producer prices were observed in the Denmark (+9.1%), Belgium (+8.4%), the United Kingdom (+8.2%) and Estonia (+8.0%). On the other hand, decreases were observed in Ireland (-2.6%) and Luxembourg (-1.5%).

 

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2018-08-02T16:47:09+00:00