Wednesday, 4 November 2009

EU17 Industrial Producer Prices Down 0.7%

Prices Weaken For EU 27, But Bulgaria Climbs As UK Drops Further

In September 2009 compared with August 2009, the industrial producer price index fell by 0.4% in the euro area (EA16) and by 0.7% in the EU272. In August, prices increased by 0.5% in both zones.

In September 2009 compared with September 2008, industrial producer prices dropped by 7.7% in the euro area and by 7.3% in the EU27.

Monthly changes

In September 2009, compared with the previous month, prices in total industry excluding the energy sector remained stable in both the euro area and the EU27. Prices in the energy sector fell by 1.9% and 2.6% respectively. In both zones, durable consumer goods and non-durable consumer goods decreased by 0.1%, while intermediate goods increased by 0.2%. Capital goods declined by 0.1% in the euro area, but remained stable in the EU27.

Among Member States for which data are available, the highest increases in the total index were recorded in Bulgaria (+1.2%), Estonia (+0.4%), Cyprus and Slovenia (both +0.3%). The largest decreases were observed in Greece, Finland and the United Kingdom (all -0.8%) and Lithuania (-0.7%).

Source: Eurostat