Compared with June, European industrial producer prices in July fell by 0.1 percent in the euro area (EA19) and by 0.2 percent in the EU28, according to estimates from Eurostat, the statistical office of the European Union. Compared with July 2014, industrial producer prices decreased by 2.1 percent in the euro area and by 2.7 percent in the EU28.
The 0.1 percent decrease in industrial producer prices in total industry in the euro area in July, compared with June, is due to a price fall of 0.5 percent in the energy sector, while prices remained stable for intermediate goods and increased by 0.1 percent for capital goods, durable and nondurable consumer goods. Prices in total industry excluding energy remained stable.
In the EU28, the 0.2 percent decrease is due to price falls of 1 percent in the energy sector and of 0.1 percent for intermediate goods, while prices remained stable for nondurable consumer goods and increased by 0.1 percent for both capital goods and durable consumer goods. Prices in total industry excluding energy remained stable.
The largest decreases in industrial producer prices were observed in Denmark (-2.6 percent), Estonia (-1.5 percent), Greece (-1.4 percent) and Belgium (-1 percent), and the only increases in Ireland (+1.3 percent), Cyprus (+0.6 percent), Slovakia and Finland (both +0.2 percent) and Spain (+0.1 percent).
In a year-over-year comparison, the 2.1 percent decrease in industrial producer prices in total industry in the euro area is due to price falls of 6.5 percent in the energy sector – 1 percent for nondurable consumer goods and 0.7 percent for intermediate 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 0.4 percent.
In the EU28, the 2.7 percent price decrease is due to falls of 9.9 percent in the energy sector, of 1.1 percent for non-durable consumer goods and of 0.7 percent for intermediate goods, while prices rose by 0.8 percent for capital goods and by 1.0 percent for durable consumer goods. Prices in total industry excluding energy fell by 0.3 percent.
Industrial producer prices fell in all member states, except Luxembourg (+0.5 percent). The largest decreases were observed in Denmark (-9 percent), Lithuania (-8.3 percent), the United Kingdom (-7 percent), Cyprus (-6.7 percent), Greece (-5.4 percent) and the Netherlands (-5.2 percent).
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