In May 2017, compared with April 2017, industrial producer prices fell by 0.4 percent in both the euro area (EA19) and the EU28, according to estimates from Eurostat, the statistical office of the European Union. In April 2017 prices remained stable in the euro area and rose by 0.1 percent in the EU28.In May 2017, compared with May 2016, industrial producer prices rose by 3.3 percent in the euro area and by 3.7 percent in the EU28.
The 0.4 percent decrease in industrial producer prices in total industry in the euro area in May 2017, compared with April2017, is due to price falls of 1.3 percent in the energy sector and of 0.1 percent for intermediate goods, while prices remained stable for durable consumer goods and increased by 0.1 percent for capital goods and by 0.2 percent for non-durable consumer goods. Prices in total industry excluding energy remained stable.
In the EU28, the 0.4 percent decrease is due to price falls of 1.8 percent in the energy sector and of 0.1 percent for both intermediate goods and durable consumer goods, while prices remained stable for capital goods and increased by 0.3 percent for non-durable consumer goods. Prices in total industry excluding energy rose by 0.1 percent. The largest decreases in industrial producer prices were observed in Greece (-1.9 percent), Lithuania (-1.5 percent), the Netherlands (-1 percent), Belgium and the United Kingdom (both -0.8 percent), and the highest increases in Ireland (+1.1 percent), Cyprus (+0.8 percent) and Slovenia (+0.4 percent).
The 3.3 percent increase in industrial producer prices in total industry in the euro area in May 2017, compared to May 2016, is due to rises of 5.7 percent in the energy sector, of 3.5 percent for intermediate goods, of 2.5 percent for non-durable consumer goods, of 0.9 percent for capital goods and of 0.7 percent for durable consumer goods. Prices in total industry excluding energy rose by 2.4 percent.
In the EU28, the 3.7 percent total price increase is due to rises of 6.9 percent in the energy sector, of 3.5 percent for intermediate goods, of 2.8 percent for non-durable consumer goods, of 1.2 percent for capital goods and of 0.9 percent for durable consumer goods. Prices in total industry excluding energy rose by 2.7 percent. The largest increases in industrial producer prices were recorded in Belgium (+9 percent), the United Kingdom (+6.1 percent), the Netherlands (+5.5 percent), Cyprus (+5.4 percent) and Spain (+5.2 percent), while a price decrease was observed in Luxembourg (-3 percent).
