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Home News Europe Industrial Producer Prices Up By 0.6% In Euro Area in February 2008


Industrial Producer Prices Up By 0.6% In Euro Area in February 2008
added: 2008-04-02

In February 2008 compared with January 2008, the industrial producer price index rose by 0.6% in the euro area (EA15) and by 0.5% in the EU27. In January prices increased by 0.9% and 1.1% respectively.

In February 2008 compared with February 2007, industrial producer prices gained 5.3% in the euro area and 6.1% in the EU27.

These figures come from Eurostat, the Statistical Office of the European Communities.

Monthly changes

In February 2008, compared with the previous month, prices in total industry excluding the energy sector gained 0.5% in both the euro area and the EU27. Prices in the energy sector increased by 1.1% and 0.7% respectively. Intermediate goods rose by 0.8% in the euro area and by 0.7% in the EU27. In both zones, capital goods, durable consumer goods and non-durable consumer goods all gained 0.3%.

Among Member States for which data are available, the highest increases were registered in Slovakia (+2.5%), Belgium (+1.5%) and Slovenia (+1.4%). The only decreases were recorded in Luxembourg (-3.3%) and Denmark (-0.7%).

Annual changes

In February 2008, compared with February 2007, prices in total industry excluding the energy sector increased by 3.6% in the euro area and by 3.8% in the EU27. Prices in the energy sector rose by 11.7% and 13.5% respectively. Non-durable consumer goods gained 4.7% in the euro area and 4.8% in the EU27. Intermediate goods increased by 4.1% and 4.5% respectively. In both zones, durable consumer goods gained 2.2%. Capital goods rose by 1.5% in the euro area and by 1.6% in the EU27.

Among Member States for which data are available, the highest increases were observed in Lithuania (+17.3%), Bulgaria (+14.0%) and Romania (+13.6%), and the lowest in Germany (+3.8%), Luxembourg (+4.2%) and Finland (+4.7%).


Source: European Commission

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