June 2019’s Industrial Producer Prices Down by 0.6% in Euro area

Date: August 5, 2019

According to the latest report published by Eurostat, the statistical office of the European Union, “In June 2019, compared with May 2019, industrial producer prices fell by 0.6% in both the euro area (EA19) and EU28.” However, in May 2019, industrial producer prices declined by 0.1% in the euro area while in EU28 the prices remained unaltered.

Year over year industrial prices in June 2019, compared with June 2018, rose by 0.7% in the euro area and by 0.9% in the EU28.

Annual comparison by main industrial grouping and by Member State

In the euro area, the industrial producer prices in June 2019 increased by 1.5% for capital goods, by 1.3% for durable consumer goods, by 1.2% for non-durable consumer goods and by 0.1% for intermediate goods when compared to June 2018. Meanwhile, prices in the energy sector fell by 0.1%, but, prices in total industry excluding energy rose by 0.8%.

“In the EU28, industrial producer prices grew by 1.5% for capital goods, by 1.4% for both durable and non-durable consumer goods and by 0.5% for intermediate goods, while prices in the energy sector fell by 0.9%.” Whereby, prices in total industry excluding energy rose by 1.1%.

Notably, the largest increases in industrial producer prices were observed in Latvia (+5.6%), Romania (+4.7%) and Cyprus (+4.2%). On the other hand, the largest decreases were observed in Denmark (-2.6%), Greece (-1.2%) and Portugal (-1.1%).

 

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2019-08-05T19:44:45+00:00