Euro area industrial producer prices down 1.2 percent in Nov

According to the report released by Eurostat, the Statistical Office of the European Communities, in November last year industrial producer prices decreased by 0.1 percent in both the euro area and in the European Union member states (EU-28), both month on month. In November last year as compared to November 2012, industrial producer prices fell by 1.2 percent in the euro area and by one percent in the EU-28.
 
In November last year compared with the previous month, prices in overall industry excluding the construction and energy sector fell by 0.1 percent in both the euro area and the EU-28. The prices of capital goods, durable consumer goods and non-durable consumer goods remained stable in both zones, while prices of intermediate goods fell by 0.2 percent in the euro area and by 0.1 percent in the EU-28.
 
In given month, among the member states for which data are available, the largest month-on-month increases were recorded in the Czech Republic (+0.7%), France (+0.5%), the Netherlands (+0.3%), and Greece and Sweden (both +0.1%), while the largest decreases were registered in Estonia (-1.8%), Hungary (-1.3%), Denmark (-1.1%) and Spain (-0.9%)
 
In November 2013 as compared to November 2012, prices in overall industry excluding construction and 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 3.2 percent and by three percent respectively. Prices of intermediate goods decreased by 1.7 percent in the euro area and by 1.5 percent in the EU-28. Prices of capital goods rose by 0.5 percent in the euro area and by 0.6 percent in the EU-28, prices of durable consumer goods rose by 0.5 percent in the euro area and by 0.2 percent in the EU-28, while prices of non-durable consumer goods rose by 0.8 percent in the euro area and by one 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 Estonia (+8.7%), Romania (+0.9%), Ireland (+0.8%) and the Czech Republic (+0.6%), while the largest decreases were seen in Bulgaria (-4.0%), the Netherlands (-3.4%) and Belgium (-2.7%).