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Home News Europe Industrial Producer Prices up by 0.6% in Euro Area in October 2007


Industrial Producer Prices up by 0.6% in Euro Area in October 2007
added: 2007-12-04

In October 2007 compared with September 2007, the industrial producer price index rose by 0.6% in the euro area (EA13), and by 0.9% in the EU27. In September, prices increased by 0.4% and 0.5% respectively. In October 2007 compared with October 2006, industrial producer prices gained 3.3% in the euro area and 3.5% in the EU27.



Monthly changes

In October 2007, compared with the previous month, prices in total industry excluding the energy sector rose by 0.4% in both the euro area and the EU27. Prices in the energy sector increased by 1.7% and 2.8% respectively. Non-durable consumer goods gained 0.6% in both zones. Intermediate goods rose by 0.3% in the euro area and by 0.4% in the EU27. In both zones, capital goods and durable consumer goods increased by 0.1%.

Among Member States for which data are available, the highest increases were registered in Denmark (+4.9%), Lithuania (+2.5%) and the United Kingdom (+2.2%), and the lowest in Luxembourg, Portugal and Slovakia (all +0.3%).

Annual changes

In October 2007, compared with October 2006, prices in total industry excluding the energy sector increased by 3.1% in the euro area and by 3.3% in the EU27. Prices in the energy sector rose by 4.0% and 4.6% respectively. Intermediate goods gained 4.0% in the euro area and 4.2% in the EU27. Non-durable consumer goods increased by 3.5% and 3.6% respectively. In both zones, durable consumer goods gained 1.8% and capital goods 1.5%.

Among Member States for which data are available, the highest increases were observed in Lithuania (+12.7%), Bulgaria (+11.3%) and the Netherlands (+6.9%), and the lowest in Germany and Finland (both +1.7%) and Slovakia (+1.8%).


Source: European Commission

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