Industrial producer prices down 0.8% in euro area and 1.0% in EU27

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Industrial producer prices down 0.8% in euro area and 1.0% in EU27In July 2009 compared with June 2009, the industrial producer price index fell by 0.8% in the euro area (EA16) and by 1.0% in the EU27. In June, prices increased by 0.4% in both zones.

In July 2009 compared with July 2008, industrial producer prices dropped by 8.5% in the euro area and by 8.4% in the EU27.

Monthly changes

In July 2009, compared with the previous month, prices in total industry excluding the energy sector remained stable in the euro area and fell by 0.1% in the EU27. Prices in the energy sector dropped by 3.1% and 3.5% respectively. In both zones, capital goods decreased by 0.1% while intermediate goods remained stable. Durable consumer goods remained unchanged in the euro area but declined by 0.1% in the EU27. Non-durable consumer goods increased by 0.1% in the euro area but decreased by 0.1% in the EU27.

Among Member States for which data is available, the largest decreases in the total index were recorded in Lithuania (-2.0%), Germany (-1.5%) and Hungary (-1.3%), Malta stood at -0.1%. The only increases were observed in Cyprus (+1.7%) and Sweden (+0.3%), while the index remained stable in Ireland.

Annual changes

In July 2009, compared with July 2008, prices in total industry excluding the energy sector decreased by 4.0% in the euro area and by 3.1% in the EU27. Prices in the energy sector fell by 20.2% and 20.1% respectively. Intermediate goods declined by 7.5% in the euro area and by 6.4% in the EU27. Non-durable consumer goods dropped by 3.0% and 1.9% respectively. Capital goods rose by 0.1% in the euro area and by 0.6% in the EU27. Durable consumer goods gained 1.3% and 1.7% respectively.

Among Member States for which data is available, the largest falls in the total index were observed in the Netherlands (-14.8%), Denmark (-12.5%), Greece (-11.1%), Belgium (-10.4%) and Finland (-10.1%). The only increase was registered in Malta (+0.5%).

These figures come from Eurostat, the Statistical Office of the European Communities.

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