Industrial producer prices up by 0.6% in both euro area and EU28
In September 2017, compared with August 2017, industrial producer prices rose by 0.6% in both the euro area (EA19) and the EU28, according to estimates from Eurostat, the statistical office of the European Union. In August 2017, prices increased by 0.3% in the euro area and by 0.4% in the EU28.
In September 2017, compared with September 2016, industrial producer prices rose by 2.9% in the euro area and mby 3.3% in the EU28.
Monthly comparison by main industrial grouping and by Member State
The 0.6% increase in industrial producer prices in total industry in the euro area in September 2017, compared with August 2017, is due to rises of 1.5% in the energy sector, of 0.4% for intermediate goods and of 0.2% for durable consumer goods, while prices remained stable for capital goods and non-durable consumer goods. Prices in total industry excluding energy rose by 0.1%.
In the EU28, the 0.6% increase is due to rises of 2.0% in the energy sector, of 0.4% for intermediate goods, of 0.2% for durable consumer goods and of 0.1% for non-durable consumer goods, while prices remained stable for capital goods. Prices in total industry excluding energy rose by 0.2%.
The highest increases in industrial producer prices were observed in the Netherlands (+2.9%), Denmark (+1.4%),
Belgium (+1.3%) and Greece (+1.2%), while a decrease was recorded in Cyprus (-1.4%).
Annual comparison by main industrial grouping and by Member State
The 2.9% increase in industrial producer prices in total industry in the euro area in September 2017, compared with September 2016, is due to rises of 4.6% in the energy sector, of 3.3% for intermediate goods, of 2.3% for nondurable consumer goods, of 1.0% for capital goods and of 0.7% for durable consumer goods. Prices in total industry excluding energy rose by 2.2%.
In the EU28, the 3.3% price increase is due to rises of 6.0% in the energy sector, of 3.5% for intermediate goods, of 2.7% for non-durable consumer goods, of 1.1% for capital goods and of 1.0% for durable consumer goods. Prices in total industry excluding energy rose by 2.5%.
Industrial producer prices rose in all Member States. The largest increases were recorded in Belgium (+7.0%), the Netherlands (+6.4%), Bulgaria (+6.0%), Estonia (+5.5%) and the United Kingdom (+5.4%).
Geographical information
The euro area (EA19) includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland. The European Union (EU28) includes Belgium, Bulgaria, the Czech Republic, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden and the United Kingdom.
Methods and definitions
The index of producer prices shows (in the national currency of the country concerned) changes in the ex-works sale prices of all products sold on the domestic market, excluding imports. Euro area and EU indices refer to overall weighted price changes. The figures are not calendar day or seasonally adjusted. Total industry covers NACE rev.2 sections B to D + E36.
Revisions and timetable
Compared with data issued in the News Release 146/2017 of 3 October 2017, the monthly percentage change for August 2017 remains unchanged at +0.3% in the euro area and at +0.4% in the EU28. The annual percentage change remains unchanged at +2.5% in the euro area and at +2.9% in the EU28.
Source: eurostat – Industrial producer prices up by 0.6% in both euro area and EU28
