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Industrial producer prices up 0.7% in both euro area and EU

Christian Fernsby ▼ | August 5, 2020
In June 2020, a fourth month still marked by coronavirus containment measures in most Member States, industrial producer prices rose, compared with May 2020, by 0.7% in both the euro area and EU, according to estimates from Eurostat.
European factory workers
Producer prices   European factory workers
In May 2020, prices decreased by 0.6% in the euro area and by 0.5% in the EU. In June 2020, compared with June 2019, industrial producer prices decreased by 3.7% in the euro area and by 3.4% in the EU.

Topics: Euro

Monthly comparison by main industrial grouping and by Member State

Industrial producer prices in the euro area in June 2020, compared with May 2020, increased by 3.1% in the energy sector, by 0.2% for intermediate goods and by 0.1% for capital goods, while prices remained stable for durable consumer goods and decreased by 0.1% for non-durable consumer goods. Prices in total industry excluding energy remained stable.

In the EU, industrial producer prices increased by 3.3% in the energy sector, by 0.1% for both intermediate goods and capital goods, while prices remained stable for durable consumer goods and decreased by 0.1% for non-durable consumer goods. Prices in total industry excluding energy remained stable.

The highest increases in industrial producer prices were recorded in Estonia (+3.7%), Denmark (+3.3%) and Finland (+2.2%), while the only decreases was observed in Czechia (-0.1%).

Annual comparison by main industrial grouping and by Member State

Industrial producer prices in the euro area in June 2020, compared with June 2019, decreased by 12.8% in the energy sector and by 2.5% for intermediate goods, while prices rose by 0.6% for non-durable consumer goods, by 1.0% for capital goods and by 1.2% for durable consumer goods. Prices in total industry excluding energy decreased by 0.6%.

In the EU, industrial producer prices decreased by 11.8% in the energy sector and by 2.4% for intermediate goods, while prices rose by 0.9% for non-durable consumer goods, by 1.2% for capital goods and by 1.4% for durable consumer goods. Prices in total industry excluding energy decreased by 0.4%.

The largest decreases in industrial producer prices were observed in Lithuania (-7.8%), Belgium (-7.5%), Spain and Italy (both -6.1%), while the only increases were recorded in Malta (+1.5%), Slovenia (+0.7%) 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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