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 in the euro area and remained stable in the European Union member states (EU-28), month on month. As compared to April 2014, industrial producer prices fell by 2.2 percent in the euro area and by 2.8 percent in the EU-28.
 
In April this year, prices in the energy sector decreased by 0.6 percent in the euro area and by 0.3 percent in the EU-28, month on month. Prices of intermediate goods increased by 0.3 percent in both the euro area and in the EU-28, month on month. Prices of capital goods increased by 0.1 percent in both the euro area and in the EU-28, while the prices of durable and non-durable goods remained stable in both zones, all month on month.
 
In the given month, among the member states for which data are available, the largest month-on-month decreases in industrial producer prices were recorded in Malta (-4.4%), Romania (-0.7%) and Crotia (-1.2%), while the largest increases in prices were observed in the Czech Republic, Denmark, Spain and the United Kingdom (all +0.4%).
 
In April this year as compared to April 2014, prices in the energy sector fell by 6.4 percent in the euro area and by 9.6 percent in the EU-28. Prices of intermediate goods decreased by one percent in the euro area and by 0.9 percent in the EU-28, year on year. Prices of capital goods rose by 0.8 percent in both the euro area and in the EU-28, while the prices of non-durable goods decreased by 1.1 percent in the euro area and were down 1.2 percent in the EU-28, all year on year. Meanwhile, the prices of durable consumer goods rose by 0.9 percent in both zones, year on year.
 
Among member states for which data are available, the prices fell in nearly all member states except Luxembourg (+0.8 %) and Sweden (+0.2%) and in Slovenia where the prices remained stable, while the largest decreases were seen in Lithuania (-8.8%), the United Kingdom (-7.1%), the Netherlands (-5.8%), Cyprus (-5.7%) Denmark (-5.6%), and Greece (-4.4%).