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Industrial producer prices down by 0.2% in euro area

In May 2011 compared with April 2011, the industrial producer price index fell by 0.2% in the euro area (EA17) and by 0.3% in the EU27. In April prices increased by 0.9% and 1% respectively.

In May 2011 compared with May 2010, industrial producer prices gained 6.2% in the euro area and 7.1% in the EU27.

These figures come from Eurostat, the statistical office of the European Union.

Monthly changes
In May 2011, compared with the previous month, prices in total industry excluding the energy sector increased by 0.2% in both the euro area and the EU27. Prices in the energy sector fell by 1.1% and 1.3% respectively. In both zones, non-durable consumer goods gained 0.3%, while capital goods remained stable. Intermediate goods increased by 0.2% in the euro area and by 0.3% in the EU27. Durable consumer goods rose by 0.1% in the euro area and remained stable in the EU27. 

Among the Member States for which data are available, the highest decreases in the total index were observed in Greece (-1.4%), Sweden and the United Kingdom (both -1.1%) and France (-0.5%), while prices remained stable in Germany, Malta, Romania and Finland. The highest increases were recorded in Cyprus (+1.8%), Latvia (+1.3%), Ireland and Lithuania (both +1.2%) and Denmark (+1.1%).

Annual changes
In May 2011 compared with May 2010, prices in total industry excluding the energy sector increased by 4.2% in the euro area and by 4.3% in the EU27. Prices in the energy sector gained 11.9% and 13.7% respectively.

Intermediate goods rose by 6.6% in the euro area and by 6.8% in the EU27. Non-durable consumer goods increased by 3.7% in the euro area and by 4.1% in the EU27. Durable consumer goods rose by 1.9% in the euro area and by 1.8% in the EU27. Capital goods gained 1.2% in the euro area and 1.3% in the EU27.

Among Member States for which data are available, the largest increases in the total index were observed in the United Kingdom (+11.9%), Denmark (+10.8%), the Netherlands (+10.7%) and Bulgaria (+10.0%), and the smallest in Malta (+0.8%), Sweden (+2.3%), Hungary and Slovakia (both +3.2%).






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