Compared with September 2014, industrial producer prices in October decreased by 0.4 percent in the euro area (EA18) and by 0.5 percent in the EU28, according to estimates from Eurostat, the statistical office of the European Union.
In September, prices rose by 0.2 percent and 0.1 percent, respectively.
In October, compared with October 2013, industrial producer prices decreased by 1.3 percent in the euro area and 1.5 percent in the EU28.
The decrease of 0.4 percent in industrial producer prices in total industry in the euro area in October 2014, compared with September 2014, is due to production in the energy sector falling by 0.9 percent, non-durable consumer goods by 0.6 percent and intermediate goods by 0.1 percent, while prices rose by 0.1 percent for both capital goods and durable consumer goods.
In the EU28, the decrease of 0.5 percent is due to production in the energy sector falling by 1.6 percent, non-durable consumer goods by 0.5 percent and intermediate goods by 0.1 percent, while capital goods remained stable and durable consumer goods increased by 0.1 percent.
Industrial producer prices fell in nearly all Member States, with the largest decreases observed in Denmark (-2.3 percent), Estonia, Greece and the United Kingdom (all -1.4 percent) and the Netherlands (-1.2 percent), and the only increases in Bulgaria (+1.3 percent), Belgium (+0.5 percent) and Sweden (+0.3 percent), while prices remained stable in Cyprus, Malta and Slovenia.
Annual comparison
The decrease of 1.3 percent in industrial producer prices in total industry in the euro area in October 2014, compared with October 2013, is due to production in the energy sector falling by 3.9 percent, non-durable consumer goods by 0.8 percent, and intermediate goods by 0.4 percent, while prices for capital goods rose by 0.6 percent and durable consumer goods by 1 percent.
In the EU28, the decrease of 1.5 percent is due to production in the energy sector falling by 5.4 percent, non-durable consumer goods by 0.9 percent and intermediate goods by 0.3 percent, while capital goods rose by 0.7 percent and durable consumer goods by 0.8 percent.
Industrial producer prices fell in nearly all Member States, with the largest decreases observed in Lithuania (-5.2 percent), Denmark (-4.5 percent), Slovakia (-4.0 percent), Estonia (-3.6 percent) and the United Kingdom (-3.5 percent). The only increases were recorded in Bulgaria (+0.8 percent), Romania (+0.5 percent) and Sweden (+0.1 percent).
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