June 2013 compared with May 2013 Industrial producer prices stable in both euro area and EU27
In June 2013, compared with May 2013, the industrial producer price index1 remained stable in both the euro area2 (EA17) and the EU272, according to estimates from Eurostat, the statistical office of the European Union. In May3 prices fell by 0.3% in both zones.
In June 2013 compared with June 2012, industrial producer prices rose by 0.3% in the euro area and by 0.6% in the EU27.
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Monthly comparison
In June 2013, compared with the previous month, prices in total industry excluding the energy sector remained stable in both the euro area and the EU27. In both zones, intermediate goods fell by 0.2%, durable consumer goods remained stable and non-durable consumer goods increased by 0.3%. Prices for both the energy sector and capital goods remained stable in the euro area and rose by 0.1% in the EU27.
Among the Member States for which data are available, prices remained stable in Germany, Spain, Cyprus, Romania, Slovenia and Finland. The highest increases in the total index were observed in Estonia (+6.7%), Denmark (+0.5%), Italy and Malta (both +0.4%), and the largest decreases in Lithuania (-0.8%), the Netherlands (-0.4%), Latvia, Austria and the United Kingdom (all -0.3%).
Annual comparison
In June 2013, compared with June 2012, prices in total industry excluding the energy sector increased by 0.6% in the euro area and by 0.7% in the EU27. Non-durable consumer goods rose by 2.3% and 2.4% respectively. Durable consumer goods increased by 0.7% in the euro area and by 0.5% in the EU27. In both zones, capital goods gained 0.6% while intermediate goods decreased by 0.4%. Prices in the energy sector fell by 0.6% in the euro area and remained stable in the EU27.
Among the Member States for which data are available, the highest increases in the total index were observed in Estonia (+14.2%), Romania (+4.9%) and Denmark (+3.6%), and the largest decreases in Cyprus (-2.1%), Poland (-1.3%) and Sweden (-1.2%).
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.
Up to 30 June 2013, the European Union (EU27) included 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). From 1 July 2013 the European Union (EU28) also includes Croatia (HR).
As part of Eurostat's guidelines for the dissemination of data when the EU is enlarged, the aggregate data series commented on in this News Release refer to the official composition of the EU in the most recent month for which data is available. Thus News Releases with data for months up to June 2013 comment on EU27 series, while Releases with data for July 2013 onwards will comment on EU28 series.
3.Compared with data issued in the News Release 103/2013 of 2 July 2013, the monthly growth rates for May 2013 remain unchanged at -0.3% in both zones. The annual growth rates have been revised from -0.1% to -0.2% in the euro area and from 0.0% to -0.1% in the EU27.
Source: European Union
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