Compared with October 2014, industrial producer prices in November decreased by 0.3 percent in the euro area (EA18) and by 0.4 percent in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In October, prices fell by 0.3 percent and 0.5 percent, respectively.
In November, compared with November 2013, industrial producer prices decreased by 1.6 percent in the euro area and 1.8 percent in the EU28.
The decrease of 0.3 percent in industrial producer prices in total industry in the euro area in November 2014, compared with October 2014, is due to production in the energy sector falling by 0.7 percent, intermediate goods by 0.3 percent and non-durable consumer goods by 0.1 percent, while prices remained stable for both capital goods and durable consumer goods.
In the EU28, the decrease of 0.4 percent is due to production in the energy sector falling by 1.2 percent, intermediate goods by 0.3 percent and non-durable consumer goods by 0.1 percent, while prices remained stable for both capital goods and durable consumer goods.
Industrial producer prices fell in nearly all Member States, with the largest decreases observed in Greece and Cyprus (both -1.4 percent), Ireland (-1.3 percent), Estonia (-1.2 percent), Spain, Lithuania and the Netherlands (all -1.1 percent). Industrial producer prices only increased in Slovakia (+0.3 percent), while prices remained stable in Germany.
Annual comparison
The decrease of 1.6 percent in industrial producer prices in total industry in the euro area in November 2014, compared with November 2013, is due to production in the energy sector falling by 5 percent, non-durable consumer goods by 0.8 percent and intermediate goods by 0.6 percent, while prices for capital goods rose by 0.6 percent and durable consumer goods by 1.1 percent.
In the EU28, the decrease of 1.8 percent is due to production in the energy sector falling by 6.5 percent, non-durable consumer goods by 0.9 percent and intermediate goods by 0.4 percent, while capital goods rose by 0.7 percent and durable consumer goods by 0.9 percent.
Industrial producer prices fell in nearly all Member States, with the largest decreases observed in Lithuania (-6.6 percent), the Netherlands (-4.5 percent), Denmark (-4.2 percent), Belgium (-3.9 percent) and the United Kingdom (-3.8 percent). The only increases were recorded in Romania (+0.5 percent) and Bulgaria (+0.3 percent).
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