Euro area industrial producer prices down 0.1% in April from March

According to the report released by Eurostat, the Statistical Office of the European Communities, in April this year industrial producer prices decreased by 0.1 percent both in the euro area and in the European Union member states (EU-28) month on month. In April of the current year as compared to April 2013, industrial producer prices fell by 1.2 percent in the euro area and by 1.1 percent in the EU.
 
In April this year compared with March, prices in overall industry excluding the energy sector increased by 0.1 percent in both the euro area and the EU-28. The prices of capital goods and intermediate goods remained stable in both zones, while prices of durable consumer goods increased by 0.1 percent in the euro area and remained stable in the EU-28, all month on month. Meanwhile, the prices of non-durable goods increased by 0.2 percent in the euro area and increased by 0.1 percent in the EU-28, while the prices of energy fell by 0.7 percent and 0.5 percent respectively, both on month-on-month basis.
 
In the given month, among the member states for which data are available, the largest month-on-month increases were recorded in Romania (+1.7%), Greece (+1.3%) and Latvia (+0.7%), while the largest decreases were registered in Malta (-2.3%), Belgium (-1.5%) and Sweden (-0.6%).
 
In April of the current year as compared to April 2013, prices in overall industry excluding the energy sector decreased by 0.3 percent in the euro area and by 0.1 percent in the EU-28, while prices in the energy sector fell by 3.3 percent in both areas. Prices of intermediate goods decreased by 1.5 percent in the euro area and by 1.3 percent in the EU-28, year on year. Prices of capital goods rose by 0.3 percent in the euro area and by 0.4 percent in the EU-28, prices of durable consumer goods rose by 0.8 percent in both zones, while prices of non-durable consumer goods rose by 0.7 percent in the euro area and by 0.8 percent in the EU-28, all year on year.
 
Among member states for which data are available, the largest year-on-year increases in the overall index were observed in Romania (+1.1%) Greece (+0.8%) and Spain and Latvia (both +0.1%), while the largest decreases were seen in Belgium (-5.1%), Cyprus (-4.7%), Estonia and Slovakia (both -4.6%), Lithuania (-3.7%) and Croatia (-3.0%). Meanwhile, industrial producer prices remained stable year on year in Sweden in the given month.