Eurozone industrial producer prices down by 0.3%

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In November 2014, compared with October 2014, industrial producer prices fell by 0.3% in the eurozone (EA18) and by 0.4% in the EU28, according to estimates from Eurostat, the statistical office of the European Union.

In October prices decreased by 0.3% in in the eurozone and by 0.5% in the EU28.

In November 2014, compared with November 2013, industrial producer prices fell by 1.6% in the eurozone and by 1.8% in the EU28.

The 0.3% decrease in industrial producer prices in total industry in the eurozone in November 2014, compared with October 2014, is due to falls of 0.7% in the energy sector, of 0.3% for intermediate goods and of 0.1% for non-durable consumer goods, while prices remained stable for both capital goods and durable consumer goods. Prices in total industry excluding energy decreased by 0.2%.

In the EU28, the 0.4% decrease is due to falls of 1.2% in the energy sector, of 0.3% for intermediate goods and of 0.1% for non-durable consumer goods, while prices remained stable for both capital goods and durable consumer goods. Prices in total industry excluding energy fell by 0.1%.

Industrial producer prices fell in nearly all Member States, with the largest decreases observed in Greece and Cyprus (both -1.4%), Ireland (-1.3%), Estonia (-1.2%), Spain, Lithuania and the Netherlands (all -1.1%). Industrial producer prices only increased in Slovakia (+0.3%), while prices remained stable in Germany.

 

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