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Industrial Producer Prices Down by 0.8% in Euro Area in October 2008
added: 2008-12-02

In October 2008 compared with September 2008, the industrial producer price index fell by 0.8% in the euro area (EA15) and by 1.4% in the EU27. In September, prices decreased by 0.3% and 0.4% respectively.

In October 2008 compared with October 2007, industrial producer prices increased by 6.3% in the euro area and by 7.3% in the EU27.

Monthly changes

In October 2008, compared with the previous month, prices in total industry excluding the energy sector fell by 0.4% in both the euro area and the EU27. Prices in the energy sector decreased by 2.0% and 4.0% respectively. Durable consumer goods gained 0.3% in both zones. Capital goods remained unchanged in the euro area and rose by 0.1% in the EU27. In both zones, non-durable consumer goods fell by 0.1% and intermediate goods by 1.0%.

Among Member States for which data are available, the only increases in the total index were registered in Hungary (+1.2%), Slovakia (+0.9%), Ireland (+0.4%) and Cyprus (+0.1%). The largest falls were observed in Denmark (-5.1%), the United Kingdom (-4.2%) and Greece (-2.8%), while prices remained stable in Germany.

Annual changes

In October 2008, compared with October 2007, prices in total industry excluding the energy sector increased by 3.2% in the euro area and by 3.9% in the EU27. Prices in the energy sector rose by 15.8% and 16.9% respectively. Intermediate goods gained 4.4% in the euro area and 5.1% in the EU27. Non-durable consumer goods increased by 2.7% and 3.6% respectively. Durable consumer goods rose by 2.7% in the euro area and by 2.8% 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 (+21.1%), Romania (+15.0%) and Lithuania (+14.7%), and the lowest in the Czech Republic (+3.9%), France (+4.3%) and Slovenia (+4.8%).


Source: Eurostat

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