Euro area industrial producer prices down 0.4 percent in Oct from Sept

According to the report released by Eurostat, the Statistical Office of the European Communities, in October this year industrial producer prices decreased by 0.4 percent in the euro area and by 0.5 percent in the European Union member states (EU-28), month on month. In October of the current year as compared to October 2013, industrial producer prices fell by 1.3 percent in the euro area and by 1.5 percent in the EU-28.
 
In October this year compared with September, prices in overall industry excluding the energy sector decreased by 0.2 percent in both the euro area and the EU-28. The prices of durable consumer goods increased by 0.1 percent and the prices of intermediate goods decreased by 0.1 percent in both zones, both month on month. The prices of capital goods increased by 0.1 percent in the euro area and remained stable in the EU-28 on month-on-month basis. Meanwhile, the prices of energy decreased by 0.9 percent in the euro area and by 1.6 percent in the EU-28 and the prices of non-durable consumer goods decreased by 0.6 percent in the euro area and by 0.5 percent in the EU-28, all month on month.
 
In the given month, among the member states for which data are available, the largest month-on-month increases in industrial producer prices were recorded in Bulgaria (+1.3%), Belgium (+0.5%) and Sweden (+0.3), while the largest decreases were registered in Denmark (-2.3%), and Estonia, Greece and the UK (all -1.4%).
 
In October of the current year as compared to October 2013, prices in overall industry excluding the energy sector decreased by 0.2 percent in both the euro area and the EU-28. Prices in the energy sector fell by 3.9 percent in the euro area and by 5.4 percent in the EU-28, year on year. Prices of intermediate goods decreased by 0.4 percent in the euro area and by 0.3 percent in the EU-28, year on year. Prices of capital goods rose by 0.6 percent in the euro area and by 0.7 percent in the EU-28, while the prices of non-durable goods decreased by 0.8 percent in the euro area and were down 0.9 percent in the EU-28, all year on year. Meanwhile, the prices of durable consumer goods rose by one percent in the euro area and increased by 0.8 percent in the EU-28, year on year.
 
Among member states for which data are available, the only year-on-year increases in the overall index were observed in Bulgaria (+0.8%), Romania (+0.5%) and Sweden (+0.1%), while the largest decreases were seen in Lithuania (-5.2%), Denmark (-4.5%), Slovakia (-4.0%), Estonia (-3.6%) and in the UK (-3.5%).