Aug industrial producer prices up 2.3% YoY in euro area, 2.1% in EU

In July this year, industrial producer prices grew by 0.7 per cent MoM in the euro area and by 0.8 per cent MoM in the EU.

Industrial producer prices decreased by 2.3 per cent year on year (YoY) in the euro area and by 2.1 per cent YoY in the EU in August.

On a month-on-month (MoM) basis in the euro area in August, industrial producer prices decreased by 0.1 per cent for intermediate goods, increased by 1.9 per cent for energy, increased by 0.1 per cent for capital goods, and remained stable for durable and non-durable consumer goods. Prices in the total industry, excluding energy, decreased by 0.1 per cent MoM.

In the EU, industrial producer prices decreased by 0.1 per cent MoM for intermediate goods, increased by 1.1 per cent MoM for energy, increased by 0.2 per cent MoM for capital goods, decreased by 0.1 per cent MoM for durable consumer goods and increased by 0.1 per cent for non-durable consumer goods. Prices in the total industry, excluding energy, remained stable.

The highest monthly increases in industrial producer prices were recorded in Estonia (plus 2.2 per cent), Greece (plus 1.7 per cent) and Spain (plus 1.5 per cent). The largest decreases were observed in Ireland (minus 3.8 per cent), Lithuania (minus 1.7 per cent) and Romania (minus 1.6 per cent).

On a YoY basis, industrial producer prices decreased by 0.8 per cent for intermediate goods, decreased by 7.7 per cent for energy, increased by 1.4 per cent for capital goods, increased by 0.3 per cent for durable consumer goods and increased by 1.1 per cent for non-durable consumer goods in the euro area in August. Prices in the total industry, excluding energy, increased by 0.3 per cent YoY.

In the EU, industrial producer prices in August decreased by 0.8 per cent YoY for intermediate goods, decreased by 7 per cent YoY for energy, increased by 1.7 per cent YoY for capital goods, increased by 0.1 per cent YoY for durable consumer goods and increased by 1 per cent YoY for non-durable consumer goods. Prices in the total industry, excluding energy, increased by 0.4 per cent YoY.

The largest annual decreases in industrial producer prices were recorded in Slovakia (minus 18.3 per cent), Luxembourg (minus 6.9 per cent) and France (minus 6.3 per cent). The highest increases were observed in Romania (plus 2.8 per cent), Bulgaria and Portugal (both plus 1.9 per cent) and Estonia (plus 1.7 per cent).

Fibre2Fashion News Desk (DS)