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Industrial producer prices down by 0.4% in euro area

Datum nieuwsfeit: 04-11-2009
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European Union



STAT/09/156

4 November 2009

September 2009 compared with August 2009

Industrial producer prices down by 0.4% in euro area

Down by 0.7% in EU27

In September 2009 compared with August 2009, the industrial producer price index 1 fell by 0.4% in the euro area 2 (EA16) and by 0.7% in the EU27 2 . In August 3 , 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 .

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

Figures and graphics available in PDF and WORD PROCESSED

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%).

Annual changes

In September 2009, compared with September 2008, prices in total industry excluding the energy sector decreased by 4.3% in the euro area and by 3.4% in the EU27 . Prices in the energy sector fell by 17.6% and 16.8% respectively. Intermediate goods declined by 7.3% in the euro area and by 6.5% in the EU27 . Non-durable consumer goods dropped by 3.2% and 2.2% respectively. Capital goods fell by 0.5% in the euro area and by 0.1% in the EU27 . Durable consumer goods gained 0.7% and 1.2% respectively.

Among Member States for which data are available, the largest falls in the total index were observed in the Netherlands (-13.4%), Lithuania (-12.1%) and Denmark (-11.3%), and the lowest in Romania (-0.1%), Hungary (-1.2%) and Slovenia (-1.6%). The only increase was registered in Malta (+0.7%).

* The index of producer prices shows (in the national currency of the country concerned) changes in the ex-works sale prices of all products sold on the domestic markets of the various countries, excluding imports. Euro area and EU indices refer to overall weighted price changes. The figures are not adjusted. Missing observations from Member States for recent months are estimated for the calculation of the euro area and the EU.

The weights of the Member States in the EU and euro area aggregates were published in News Release 33/2009 of
12 March 2009.

* The euro area (EA16) includes Belgium, Germany, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

The EU27 includes Belgium (BE), Bulgaria (BG), the Czech Republic (CZ), Denmark (DK), Germany (DE), Estonia (EE), Ireland (IE), Greece (EL), Spain (ES), France (FR), Italy (IT), Cyprus (CY), Latvia (LV), Lithuania (LT), Luxembourg (LU), Hungary (HU), Malta (MT), the Netherlands (NL), Austria (AT), Poland (PL), Portugal (PT), Romania (RO), Slovenia (SI), Slovakia (SK), Finland (FI), Sweden (SE) and the United Kingdom (UK).

* Data of previous months have been revised compared to those issued in News Release 141/2009 of 2 October 2009. The monthly growth rates for August 2009 for total industry excluding construction previously published were +0.4% for the euro area and +0.2% for the EU27. The annual growth rate previously published remains the same for the euro area. The annual growth rate for the EU27 previously published was -7.1%.

* For Belgium and Ireland, data in the new classification (NACE rev 2) has been estimated by Eurostat on the basis of data supplied using the old classification (NACE rev 1.1).

Issued by: Eurostat Press Office

Tim ALLEN

Tel: +352-4301-33 444

eurostat.pressoffice@ec.europa.eu

For further information on data:

Liselott ÖHMAN

Tel: +352-4301-32 800

liselott.oehman@ec.europa.eu

Eurostat news releases on the internet: ec.europa.eu/eurostat
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