July 2019’s Industrial Producer Prices Rose by 0.2% in Euro area

Date: September 3, 2019

According to the latest report published by Eurostat, the statistical office of the European Union, “In July 2019, compared with June 2019, industrial producer prices rose by 0.2% in the euro area (EA19) and by 0.3% in the EU28.” However, in June 2019, prices declined by 0.6% in the euro area and by 0.7% in the EU28.

Year over year industrial producer prices in July 2019, compared with July 2018 rose by 0.2% in the euro area and by 0.6% in the EU28.

Monthly comparison by main industrial grouping and by Member State

In the euro area, the industrial producer prices in July 2019, compared with June 2019, increased by 1.0% in the energy sector and by 0.1% for capital goods, while prices remained stable for durable consumer goods and non-durable consumer goods, and declined by 0.3% for intermediate goods. Moreover, prices in total industry excluding energy went down by 0.1%.

“In the EU28, industrial producer prices rose by 1.3% in the energy sector, by 0.2% for capital goods and by 0.1% for durable consumer goods, while prices remained stable for non-durable consumer goods and fell by 0.3% for intermediate goods.” While, prices in total industry excluding energy decreased by 0.1%.

Furthermore, the largest increases in industrial producer prices were recorded in Cyprus (+1.7%), Bulgaria (+1.5%) and Finland (+1.4%), while the largest decreases were observed in Belgium (-1.0%), the Netherlands (-0.4%) and Latvia (-0.3%).

Annual comparison by main industrial grouping and by Member State

In the euro area, the industrial producer prices in July 2019 increased by 1.5% for capital goods, by 1.4% for durable consumer goods and by 1.0% for non-durable consumer goods, while prices fell by 1.7% in the energy sector and by 0.2% for intermediate goods when compared with July 2018. Meanwhile, prices in total industry excluding energy climbed by 0.6%.

“In the EU28, industrial producer prices rose by 1.6% for capital goods, by 1.5% for durable consumer goods, by 1.3% for non-durable consumer goods and by 0.2% for intermediate goods, while prices fell by 1.0% in the energy sector.” Whereby, prices in total industry excluding energy rose by 0.9%.

Notably, the largest increases in industrial producer prices were observed in Romania (+6.2%), Bulgaria and Latvia (both +4.0%). On the other hand, the largest decreases were observed in Denmark (-3.0%), Portugal (-1.3%), Spain and Italy (both -0.8%).

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2019-09-03T19:23:03+00:00