Thursday, January 5, 2012

Industrial producer prices up by 0.2% in euro area

In November 2011 compared with October 2011, the industrial producer price index rose by 0.2% in the euro area2 (EA17) and by 0.3% in the EU272. In October3 prices increased by 0.1% and 0.2% respectively.

In November 2011 compared with November 2010, industrial producer prices gained 5.3% in the euro area and 6.3% in the EU27.

In November 2011, compared with the previous month, prices in total industry excluding the energy sector decreased by 0.1% in the euro area and remained stable in the EU27. Prices in the energy sector rose by 0.9% and 1.0% respectively. In both zones, non-durable consumer goods increased by 0.3% and durable consumer goods by 0.2%. Capital goods remained stable in the euro area and gained 0.1% in the EU27. Intermediate goods fell by 0.4% and 0.3% respectively.

Among the Member States for which data are available, the highest increases in the total index were recorded in Sweden (+1.6%), Ireland, Greece and the United Kingdom (all +0.7%). Decreases were observed in Denmark and Latvia (both -0.4%), Belgium and Slovenia (both -0.2%) and Cyprus (-0.1%).

Annual comparison

In November 2011 compared with November 2010, prices in total industry excluding the energy sector increased by 3.0% in the euro area and by 3.3% in the EU27. Prices in the energy sector gained 12.3% and 13.8% respectively. Non-durable consumer goods rose by 3.6% in the euro area and by 4.2% in the EU27. Intermediate goods increased by 3.5% and 3.8% respectively. Durable consumer goods gained 2.6% in both zones. Capital goods rose by 1.4% in the euro area and by 1.5% in the EU27.

Among the Member States for which data are available, the largest increases in the total index were observed in the United Kingdom (+11.6%), Lithuania (+10.8%) and Latvia (+9.1%), and the smallest in Sweden (+0.1%), Malta (+0.8%) and Slovenia (+2.9%).

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 can be found at:

http://circa.europa.eu/Public/irc/dsis/ebt/library?l=/sts_weights_public&vm=detailed&sb=Title

See file: EU_EA17_NEWS_RELEASE_WEIGHTINGS_2005_nace2

More detailed data can be found in the short-term statistics database on the Eurostat website:

http://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/database

The euro area (EA17) includes Belgium, Germany, Estonia, 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).

Compared with data issued in the News Release 177/2011 of 2 December 2011, the monthly growth rates for October 2011 remain unchanged in both zones. The annual growth rate for October 2011 remains unchanged in the euro area and has been revised from +6.4% to +6.5% in the EU27


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