June 2017 compared with May 2017 Industrial producer prices down by 0.1% in euro area Down by 0.2% in EU28

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http://maltawinds.com/2017/08/03/june-2017-compared-may-2017-industrial-producer-prices-0-1-euro-area-0-2-eu28/

In June 2017, compared with May 2017, industrial producer prices fell by 0.1% in the euro area (EA19) and by 0.2% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In May 2017 prices decreased by 0.3% in the euro area and by 0.4% in the EU28.

In June 2017, compared with June 2016, industrial producer prices rose by 2.5% in the euro area and by 2.6% in the EU28.

Monthly comparison by main industrial grouping and by Member State

The 0.1% decrease in industrial producer prices in total industry in the euro area in June 2017, compared with May 2017, is due to price falls of 0.3% in the energy sector and of 0.2% for intermediate goods, while prices remained stable for durable consumer goods and increased by 0.1% for capital goods and by 0.2% for non-durable consumer goods. Prices in total industry excluding energy remained stable.

In the EU28, the 0.2% decrease is due to price falls of 0.7% in the energy sector and of 0.1% for intermediate goods, while prices remained stable for durable consumer goods and increased by 0.1% for capital goods and by 0.2% for non-durable consumer goods. Prices in total industry excluding energy remained stable.

The largest decreases in industrial producer prices were observed in Greece (-1.3%), Denmark and the Netherlands (both -1.1%) and Ireland (-1.0%), while increases were observed in Latvia (+0.7%), Italy (+0.4%), Cyprus (+0.2%) and Malta (+0.1%).

Annual comparison by main industrial grouping and by Member State

The 2.5% increase in industrial producer prices in total industry in the euro area in June 2017, compared with June 2016, is due to rises of 2.9% both for intermediate goods and in the energy sector, of 2.5% for non-durable consumer goods, of 0.9% for capital goods and of 0.6% for durable consumer goods. Prices in total industry excluding energy rose by 2.2%.

In the EU28, the 2.6% price increase is due to rises of 3.4% in the energy sector, of 3.1% for intermediate goods, of 2.9% for non-durable consumer goods, of 1.2% for capital goods and of 1.0% for durable consumer goods. Prices in total industry excluding energy rose by 2.5%.

The largest increases in industrial producer prices were recorded in Belgium (+6.4%), Cyprus (+5.7%), the United Kingdom (+4.7%) and Poland (+3.7%), while a price decrease was observed in Luxembourg (‑3.2%).