Published on Saturday, 7, November, 2009 at 0:00 in EU News | No Comments

Industrial producer prices down 0.4% in euro area and 0.7% in EU27

Industrial producer prices down 0.4% in euro area and 0.7% in EU27In September 2009 compared with August 2009, the industrial producer price index fell by 0.4% in the euro area (EA16) and by 0.7% in the EU27. In August, prices increased by 0.5% in both zones.

In September 2009 compared with September 2008, industrial producer prices dropped by 7.7% in the euro area and by 7.3% in the EU27.

Monthly changes

In September 2009, compared with the previous month, prices in total industry excluding the energy sector remained stable in both the euro area and the EU27. Prices in the energy sector fell by 1.9% and 2.6% respectively. In both zones, durable consumer goods and non-durable consumer goods decreased by 0.1%, while intermediate goods increased by 0.2%. Capital goods declined by 0.1% in the euro area, but remained stable in the EU27.

Among Member States for which data was available, the highest increases in the total index were recorded in Bulgaria (+1.2%), Estonia (+0.4%), Cyprus and Slovenia (both +0.3%). The largest decreases were observed in Greece, Finland and the United Kingdom (all -0.8%) and Lithuania (-0.7%).

Annual changes

In September 2009, compared with September 2008, prices in total industry excluding the energy sector decreased by 4.3% in the euro area and by 3.4% in the EU27. Prices in the energy sector fell by 17.6% and 16.8% respectively. Intermediate goods declined by 7.3% in the euro area and by 6.5% in the EU27. Non-durable consumer goods dropped by 3.2% and 2.2% respectively. Capital goods fell by 0.5% in the euro area and by 0.1% in the EU27. Durable consumer goods gained 0.7% and 1.2% respectively.

Among Member States for which data was available, the largest falls in the total index were observed in the Netherlands (-13.4%), Lithuania (-12.1%) and Denmark (-11.3%), and the lowest in Romania (-0.1%), Hungary (-1.2%) and Slovenia (-1.6%). The only increase was registered in Malta (+0.7%).

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

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