February 2013 compared with January 2013 Industrial producer prices up by 0.2% in euro area Up by 0.4% in EU27 | WPN World People News

In February 2013, compared with January 2013, the industrial producer price index1 rose by 0.2% in the euro area2 (EA17) and by 0.4% in the EU272, according to estimates from Eurostat, the statistical office of the European Union. In January3 prices increased by 0.4% in both zones.

In February 2013 compared with February 2012, industrial producer prices gained 1.3% in both the euro area and the EU27.

Monthly comparison

In February 2013, compared with the previous month, prices in total industry excluding the energy sector increased by 0.1% in both the euro area and the EU27. Prices in the energy sector gained 0.4% and 1.3% respectively. Capital goods rose by 0.1% in the euro area and by 0.2% in the EU27. In both zones, durable consumer goods and non-durable consumer goods increased by 0.1% while intermediate goods remained stable.

Among the Member States for which data are available, the highest increases in the total index were observed in the United Kingdom (+2.0%), Greece (+1.7%), Hungary (+1.2%) and Ireland (+0.8%). Decreases were recorded in Slovakia (-0.6%), Latvia (-0.3%) and Germany (-0.1%).

Annual comparison

In February 2013, compared with February 2012, prices in total industry excluding the energy sector increased by 1.2% in both the euro area and the EU27. Prices in the energy sector rose by 1.6% and 1.4% respectively. Non-durable consumer goods gained 2.3% in the euro area and 2.4% in the EU27. In both zones, capital goods increased by 0.8%, intermediate goods and durable consumer goods by 0.7%.

Among the Member States for which data are available, the largest increases in the total index were observed in Estonia (+9.7%), Romania (+6.5%), Belgium (+4.2%) and Cyprus (+2.8%). Decreases were recorded in Sweden (-1.6%) and Austria (-0.5%).

1.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.

2.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).

3.Compared with data issued in the News Release 32/2013 of 4 March 2013, the monthly growth rates for January 2013 have been revised from +0.6% to +0.4% in both zones. The annual growth rates have been revised from +1.9% to +1.7% in the euro area and from +1.8% to +1.7% in the EU27.

Source: EUROPA