Euro area industrial producer prices stable in Dec compared to Nov

Thursday, 06 February 2020 17:51:10 (GMT+3)   |   Istanbul
       

According to the report released by Eurostat, the Statistical Office of the European Communities, in December last year industrial producer prices remained unchanged both in the euro area and in the European Union member states (EU-27), month on month. On year-on-year basis, in December last year industrial producer prices were down by 0.7 percent in the euro area and by 0.4 percent in the EU-27.

In December, compared with November, prices in the energy sector decreased by 0.5 percent both in the euro area and in the EU-27. Prices of capital goods rose by 0.1 percent in both areas, month on month. Prices of non-durable goods increased by 0.5 percent both in the euro area and in the EU-27, while prices of intermediate and durable goods fell by 0.1 in both areas, all on month-on-month basis.

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 Estonia (-1.3%), Portugal (-1.0%) and Finland (-0.7%), while increases were observed in the Netherlands and Romania (both +0.5%) and Greece (+0.4%),

In December last year, compared with December 2018, prices in the energy sector declined by four percent in the euro area and by 3.1 percent in the EU-27. Prices of intermediate goods fell by 1.1 percent in the euro area and one percent in the EU-27, while prices of durable goods increased by 1.3 percent in the euro area and 1.4 percent in the EU-27 year on year. Prices of non-durable goods rose by 2.1 percent in the euro area and by 2.3 percent in the EU-27, on year-on-year basis. Prices of capital goods rose by 1.5 percent in the euro area and by 1.4 percent in the EU-27, year on year.

Among member states for which data are available, the largest year-on-year increases were recorded in Greece (+4.7%), Bulgaria (+4.5%) and Romania (+4.4%), while decreases were observed in Italy (-3.1%), and Estonia and Portugal (both -2.6%).


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