Compared with November, European industrial producer prices in December fell by 0.8 percent in both the euro area (EA19) and the EU28, according to estimates from Eurostat, the statistical office of the European Union. Compared with December 2014, industrial producer prices fell by 3 percent in the euro area and by 3.2 percent in the EU28.
The average industrial producer price for the year 2015, compared with 2014, decreased by 2.7 percent in the euro area and by 3.2 percent in the EU28.
The 0.8 percent decrease in industrial producer prices in total industry in the euro area in December 2015, compared with November 2015, is due to price falls of 2.7 percent in the energy sector, of 0.3 percent for intermediate goods and of 0.1 percent for non-durable consumer goods, while prices remained stable for both capital goods and durable consumer goods. Prices in total industry excluding energy fell by 0.2 percent.
In the EU28, the 0.8 percent decrease is due to price falls of 2.8 percent in the energy sector, of 0.3 percent for intermediate goods and of 0.1 percent for non-durable consumer goods, while prices remained stable for both capital goods and durable consumer goods. Prices in total industry excluding energy fell by 0.2 percent.
Industrial producer prices fell in all Member States except Malta and Sweden (both +0.1 percent). The largest decreases were observed in the Netherlands (-3 percent), Denmark and Greece (both -2.4 percent), Belgium and Estonia (both -2 percent).
The 3.0 percent decrease in industrial producer prices in total industry in the euro area in December 2015, compared with December 2014, is due to price falls of 9 percent in the energy sector, of 1.9 percent for intermediate goods and of 0.4 percent for non-durable consumer goods, while prices rose by 0.5 percent for capital goods and by 0.7 percent for durable consumer goods. Prices in total industry excluding energy fell by 0.7 percent.
In the EU28, the 3.2 percent price decrease is due to falls of 10.7 percent in the energy sector, of 1.8 percent for intermediate goods and of 0.3 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 0.6 percent.
Industrial producer prices fell in all Member States, with the largest decreases observed in Lithuania (-8.1 percent), the Netherlands (-7.7 percent), Cyprus (-7 percent), Denmark (-5.8 percent), Greece (-5.7 percent) and Estonia (-5.5 percent).
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