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Home News Europe Industrial Producer Prices Down by 0.2% in Both Euro Area and EU27: September 2008


Industrial Producer Prices Down by 0.2% in Both Euro Area and EU27: September 2008
added: 2008-11-04

In September 2008 compared with August 2008, the industrial producer price index fell by 0.2% in both the euro area (EA15) and the EU27. In August, prices decreased by 0.5% and 0.8% respectively.

In September 2008 compared with September 2007, industrial producer prices increased by 7.9% in the euro area and by 10.1% in the EU27.

Monthly changes

In September 2008, compared with the previous month, prices in total industry excluding the energy sector remained stable in the euro area and increased by 0.1% in the EU27. Prices in the energy sector fell by 0.9% and 0.7% respectively. In both zones, durable consumer goods gained 0.2%. Capital goods increased by 0.1% in the euro area and by 0.2% in the EU27. Non-durable consumer goods fell by 0.1% in the euro area and remained stable in the EU27. In both zones, intermediate goods decreased by 0.1%.

Among Member States for which data are available, the highest increases in the total index were registered in Cyprus (+1.9%), Denmark (+1.2%) and Slovakia (+0.6%). The largest falls were observed in Bulgaria (-1.0%), Romania (-0.9%) and Ireland, Greece and Spain (all -0.7%), while prices remained stable in Finland.

Annual changes

In September 2008, compared with September 2007, prices in total industry excluding the energy sector increased by 4.1% in the euro area and by 4.8% in the EU27. Prices in the energy sector rose by 20.3% and 25.7% respectively.

Intermediate goods gained 5.8% in the euro area and 6.5% in the EU27. Non-durable consumer goods increased by 3.4% and 4.5% respectively. Durable consumer goods rose by 2.5% in the euro area and by 2.7% in the EU27. Capital goods gained 2.2% and 2.8% respectively.

Among Member States for which data are available, the highest increases in the total index were observed in Luxembourg (+25.6%), Denmark (+19.9%) and the United Kingdom (+19.4%), and the lowest in the Czech Republic and Ireland (both +5.5%) and Slovenia (+5.7%).


Source: Eurostat

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