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Industrial Producer Prices Down by 0.3% in Euro Area

Industrial Producer Prices Down by 0.3% in Euro Area

In November 2018, compared with October 2018, industrial producer prices fell by 0.3% in the euro area (EA19) and by 0.4% in the EU28, according to estimates from Eurostat, the statistical office of the European Union.

In October 2018, prices increased by 0.8% in both zones. In November 2018, compared with November 2017, industrial producer prices rose by 4.0% in the euro area and by 4.3% in the EU28.

 

Monthly comparison by main industrial grouping and by Member State

Industrial producer prices in the euro area in November 2018, compared with October 2018, fell by 1.1% in the energy sector, while prices remained stable for capital goods, durable and non-durable consumer goods and increased by 0.1% for intermediate goods. Prices in total industry excluding energy remained stable.

In the EU28, industrial producer prices fell by 1.8% in the energy sector, while prices remained stable for intermediate goods, capital goods and durable and non-durable consumer goods.

Prices in total industry excluding energy rose by 0.1%. The largest decreases in industrial producer prices were recorded in Greece (-2.7%), the Netherlands (-1.4%), Lithuania and the United Kingdom (both -1.3%), and the highest increases in Estonia (+1.7%), Denmark (+1.2%) and Sweden (+0.8%).

 

Annual comparison by main industrial grouping and by Member State

Industrial producer prices in the euro area in November 2018, compared with November 2017, rose by 10.8% in the energy sector, by 2.6% for intermediate goods, by 1.2% for capital goods and durable consumer goods and by 0.2% for non-durable consumer goods. Prices in total industry excluding energy rose by 1.5%.

In the EU28, industrial producer prices rose by 12.0% in the energy sector, by 3.0% for intermediate goods, by 1.4% for durable consumer goods, by 1.3% for capital goods and by 0.4% for non-durable consumer goods. Prices in total industry excluding energy rose by 1.8%.

The highest increases in industrial producer prices were recorded in Belgium (+9.3%), Denmark (+9.2%) and Estonia (+8.6%), while the only decrease was observed in Ireland (-0.6%).

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