Compared with July, European industrial producer prices in August fell by 0.8 percent in the euro area (EA19) and by 0.9 percent in the EU28, according to estimates from Eurostat, the statistical office of the European Union. Compared with August 2014, industrial producer prices decreased by 2.6 percent in the euro area and by 3.4 percent in the EU28.
The 0.8 percent decrease in industrial producer prices in total industry in the euro area in August 2015, compared with July 2015, is due to price falls of 2.6 percent in the energy sector and of 0.5 percent for intermediate goods, while prices remained stable for capital goods and increased by 0.1 percent for both durable and non-durable consumer goods. Prices in total industry excluding energy fell by 0.2 percent.
In the EU28, the 0.9 percent decrease is due to price falls of 3.1 percent in the energy sector and of 0.4 percent for intermediate goods, while prices remained stable for both capital goods and non-durable consumer goods and increased by 0.1 percent for durable consumer goods. Prices in total industry excluding energy fell by 0.2 percent.
Industrial producer prices fell in all Member States except Denmark (+1.7 percent), Estonia (+0.6 percent) and Cyprus, where they remained stable. The largest decreases were observed in Greece (-3.2 percent), the Netherlands (-2.4 percent), Lithuania (-1.9 percent), Spain (-1.7 percent) and the United Kingdom (-1.6 percent).
In a year-over-year comparison, the 2.6 percent decrease in industrial producer prices in total industry in the euro area is due to price falls of 8.2 percent in the energy sector, of 1.1 percent for intermediate goods and of 0.9 percent for nondurable consumer goods, while prices rose by 0.6 percent for capital goods and by 0.7 percent for durable consumer goods. Prices in total industry excluding energy fell by 0.5 percent.
In the EU28, the 3.4 percent price decrease is due to falls of 12 percent in the energy sector, of 1.1 percent for intermediate goods and of 1 percent for non-durable consumer goods, while prices rose by 0.7 percent for capital goods and by 0.9 percent for durable consumer goods. Prices in total industry excluding energy fell by 0.5 percent.
Industrial producer prices fell in all Member States, with the largest decreases observed in Lithuania (-9.8 percent), Greece and the United Kingdom (both -8.4 percent), the Netherlands (-7.3 percent), Denmark (-6.8 percent) and Cyprus (-6.5 percent).
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