July 2017 compared with June 2017: Industrial producer prices stable in euro area – Up by 0.1% in EU28

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http://maltawinds.com/2017/09/04/july-2017-compared-june-2017-industrial-producer-prices-stable-euro-area-0-1-eu28/

In July 2017, compared with June 2017, industrial producer prices remained stable in the euro area (EA19), while they rose by 0.1% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In June 2017 prices decreased by 0.2% in the euro area and by 0.3% in the EU28.

In July 2017, compared with July 2016, industrial producer prices rose by 2.0% in the euro area and by 2.3% in the EU28.

Monthly comparison by main industrial grouping and by Member State

Industrial producer prices in total industry remained stable in the euro area in July 2017, compared with June 2017, as prices increased by 0.2% for non-durable consumer goods and by 0.1% in the energy sector, while they remained stable for capital goods and durable consumer goods and decreased by 0.1% for intermediate goods. Prices in total industry excluding energy rose by 0.1%.

In the EU28, the 0.1% increase is due to rises of 0.2% for non-durable consumer goods and of 0.1% in the energy sector, while prices remained stable for capital goods and durable consumer goods and decreased by 0.1% for intermediate goods. Prices in total industry excluding energy also rose by 0.1%.

The highest increases in industrial producer prices were observed in Bulgaria (+2.4%), Estonia (+1.4%), Denmark and Sweden (both +0.9%), and the largest decreases in Hungary (-1.0%), Ireland (-0.7%) and Slovakia (-0.6%).

Annual comparison by main industrial grouping and by Member State

The 2.0% increase in industrial producer prices in total industry in the euro area in July 2017, compared with July 2016, is due to rises of 2.7% for intermediate goods, of 2.4% for non-durable consumer goods, of 2.0% in the energy sector, of 0.9% for capital goods and of 0.5% for durable consumer goods. Prices in total industry excluding energy rose by 2.1%.

In the EU28, the 2.3% price increase is due to rises of 2.8% for intermediate goods, the energy sector and non-durable consumer goods, of 1.0% for capital goods and of 0.9% for durable consumer goods. Prices in total industry excluding energy also rose by 2.3%.

Industrial producer prices rose in all Member States. The largest increases were recorded in Belgium (+5.9%), Estonia (+5.4%) and Bulgaria (+5.2%).

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