January 06, 2020
According to the latest report published by Eurostat, the statistical office of the European Union, “In November 2019, compared with October 2019, industrial producer prices rose by 0.2% in the euro area (EA19) and by 0.1% in the EU28.” However, in October 2019, prices remained relatively constant in the euro area and EU28.
Year over year industrial producer prices in November 2019, compared with November 2018 fell by 1.4% in the euro area and by 1.0% in the EU28.
Monthly comparison by main industrial grouping and by Member State
In the euro area, the industrial producer prices in November 2019, compared with October 2019, increased by 0.9% in the energy sector and by 0.2% for non-durable consumer goods, whereas, prices remained constant for capital goods and durable consumer goods, and declined by 0.3% for intermediate goods. Moreover, prices in total industry lea energy remained constant.
“In the EU28, industrial producer prices rose by 0.5% in the energy sector and by 0.2% for non-durable consumer goods, while prices remained stable for capital goods and for durable consumer goods and decreased by 0.4% for intermediate goods.” While, prices in total industry excluding energy fell by 0.1%.
Furthermore, Greece (+3.4%), France (+1.1%) and Sweden (+0.9%) recorded the largest increases in industrial producer prices while the largest decreases were observed in Portugal (-0.9%), Spain (-0.6%) and Latvia (-0.5%).
Annual comparison by main industrial grouping and by Member State
In the euro area, the industrial producer prices in November 2019 fell by 6.1% in the energy sector, and by 1.4% for intermediate goods, while prices rose by 1.4% for capital goods, by 1.6% for durable consumer goods and by 1.7% for non-durable consumer goods when compared with November 2018. Meanwhile, prices in total industry excluding energy climbed by 0.3%.
“In the EU28, industrial producer prices decreased by 5.2% in the energy sector and by 1.1% for intermediate goods, while prices rose by 1.4% for both capital goods and durable consumer goods and by 1.8% for non-durable consumer goods.” Whereby, prices in total industry excluding energy climbed by 0.4%.
Notably, Denmark (-4.8%), Italy (-3.6%), Belgium (-3.2%) and Portugal (-2.7%) observed the largest decreases in industrial producer prices while the highest increases were recorded in Bulgaria (+4.0%), Romania (+3.6%), Greece and Slovenia (both +2.0%).
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