Compared with April, May industrial producer prices rose by 0.6 percent in both the euro area (EA19) and the EU28, according to estimates from Eurostat, the statistical office of the European Union. In April 2016, prices fell by 0.3 percent in the euro area and by 0.1 percent in the EU28.
Compared with May 2015, industrial producer prices decreased by 3.9 percent in the euro area and by 3.7 percent in the EU28.
May's 0.6 percent increase over April in the euro area is due to rises of 1.7 percent in the energy sector, 0.3 percent for intermediate goods and 0.1 percent for nondurable consumer goods. Prices remained stable for both capital goods and durable consumer goods. Prices in total industry excluding energy increased by 0.2 percent.
In the EU28, the 0.6 percent increase is due to rises of 2.1 percent in the energy sector, 0.3 percent for intermediate goods and 0.1 percent for nondurable consumer goods. Prices remained stable for both capital goods and durable consumer goods. Prices in total industry excluding energy increased by 0.2 percent.
Compared with April, Industrial producer prices rose in nearly all member states, with the highest increases observed in Belgium (+2.7 percent), the Netherlands (+2 percent), Hungary (+1.6 percent) and Greece (+1.3 percent). Industrial producer prices decreased only in Latvia (-0.4 percent), Sweden (-0.2 percent) and Bulgaria (-0.1 percent).
The 3.9 percent year-over-year decrease in industrial producer prices in total industry in the euro area is due to price declines of 10.8 percent in the energy sector, 2.9 percent for intermediate goods and 0.6 percent for nondurable consumer goods, while prices rose by 0.4 percent for capital goods and 0.9 percent for durable consumer goods. Prices in total industry excluding energy fell by 1.2 percent.
In the EU28, the 3.7 percent year-over-year price decrease is due to declines of 11.3 percent in the energy sector, 2.6 percent for intermediate goods and 0.6 percent for nondurable consumer goods, while prices rose by 0.6 percent for capital goods and 0.9 percent for durable consumer goods. Prices in total industry excluding energy fell by 1 percent.
Year-over-year, Industrial producer prices fell in all member states except Malta (+0.9 percent). The largest decreases were observed in the Netherlands (-8.2 percent), Greece (-8.1 percent), Croatia (-6.3 percent) and Slovakia (-5.9 percent).
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