European industrial producer prices down in April - Euro
According to estimates from Eurostat, the statistical office of the
European Union, in April 2013, compared with March 2013, the industrial
producer price index' fell by 0.6% in the euro area2 and by 0.7% in the
EU27.
Monthly comparison
In April 2013, compared with the previous month, prices in total
industry excluding the energy sector fell by 0.2% in the euro area and
by 0.1% in the EU27. Prices in the energy sector dropped by 1.6% and
2.0% respectively. Intermediate goods decreased by 0.4% in the euro area
and by 0.3% in the EU27. Non-durable consumer goods declined by 0.1% in
the euro area and remained stable in the EU27.
In both zones, durable consumer goods remained stable while capital goods rose by 0.1 %.
Prices decreased in most of the Member States for which data are
available. The largest decreases in the total index were observed in the
United Kingdom (-1.5%). Belgium (-1.4%). Greece and the Netherlands
(both -1.3%). Increases were recorded only in Latvia (+1.1%), Denmark
(+0.4%), Estonia (-HD.2%), Cyprus and Slovakia (both -+0.1 %), while
prices remained stable in Malta and Slovenia.
Annual comparison
In April 2013, compared with April 2012, prices in total industry
excluding the energy sector increased by 0.6% in the euro area and by
0.7% in the EU27. Prices in the energy sector decreased by 2.0% and 2.8%
respectively. Intermediate goods fell by 0.3% in the euro area and by
0.2% in the EU27. Capital goods increased by 0.6% and 0.7% respectively.
Durable consumer goods gained 0.7% in the euro area and 0.6% in the
EU27. Non-durable consumer goods rose by 1.9% and 2.1% respectively.
Among the Member States for which data are available, the highest
increases in the total index were observed in Estonia (+11.3%), Romania
(+4.9%), Belgium (+1.9%) and Latvia (+1.8%), and the largest decreases
in Greece (-2.4%), Poland (-2.1%), Sweden (-1.7%) and the Netherlands
(-1.5%).
Source - Strategic Research Institute