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Industrial producer prices down by 0.6% in euro area

Christian Fernsby ▼ | July 2, 2020
In May 2020, a third month still marked by coronavirus containment measures in most Member States, industrial producer prices fell, compared with April 2020, by 0.6% in the euro area and by 0.5% in the EU, according to estimates fromrnEurostat.
Europe factory
Producer prices   Europe factory
In April 2020, prices decreased by 2.0% in the euro area and by 1.9% in the EU. In May 2020, compared with May 2019, industrial producer prices decreased by 5.0% in the euro area and by 4.6% in the EU.

Topics: Euro area

Monthly comparison by main industrial grouping and by Member State

Industrial producer prices in the euro area in May 2020, compared with April 2020, decreased by 1.4% in the energy sector, by 0.6% for non-durable consumer goods and by 0.4% for intermediate goods, while prices remained stable for capital goods and for durable consumer goods. Prices in total industry excluding energy decreased by 0.3%.

In the EU, industrial producer prices decreased by 1.2% in the energy sector, by 0.6% for non-durable consumer goods and by 0.4% for intermediate goods, while prices remained stable for capital goods and for durable consumer goods. Prices in total industry excluding energy decreased by 0.4%.

The largest decreases in industrial producer prices were recorded in Belgium (-4.6%), Slovakia (-1.7%) and Lithuania (-1.3%), while the only increases were observed in Greece (+1.2%), Estonia (+0.7%) and Czechia (+0.4%).

Annual comparison by main industrial grouping and by Member State

Industrial producer prices in the euro area in May 2020, compared with May 2019, decreased by 17.2% in the energy sector and by 2.9% for intermediate goods, while prices rose by 0.9% for capital goods and for non-durable consumer goods and by 1.3% for durable consumer goods. Prices in total industry excluding energy decreased by 0.6%.

In the EU, industrial producer prices decreased by 16.6% in the energy sector and by 2.7% for intermediate goods, while prices rose by 1.1% for capital goods, by 1.2% for non-durable consumer goods and by 1.4% for durable consumer goods. Prices in total industry excluding energy decreased by 0.5%.

The largest decreases in industrial producer prices were observed in Lithuania (-11.3%), Belgium (-9.6%) and Spain (-8.7%), while the only increases were recorded in Malta (+1.5%) and Luxembourg (+0.1%).

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 (EU27) includes Belgium, Bulgaria, Czechia, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland and Sweden.


 

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