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Industrial producer prices up by 0.2% in both euro area and EU27

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Industrial producer prices up by 0.2% in both euro area and EU27In October 2009 compared with September 2009, the industrial producer price index rose by 0.2% in both the euro area (EA16) and the EU27. In September, prices fell by 0.4% in both zones.

In October 2009 compared with October 2008, industrial producer prices dropped by 6.7% in the euro area and by 5.8% in the EU27.

Monthly changes

In October 2009, compared with the previous month, prices in total industry excluding the energy sector fell by 0.1% in both the euro area and the EU27. Prices in the energy sector rose by 1.0% and 0.7% respectively. In both zones, capital goods and durable consumer goods remained stable, and intermediate goods fell by 0.1%. Non-durable consumer goods declined by 0.3% in the euro area and by 0.4% in the EU27.

Among Member States for which data was available, the highest increases in the total index were recorded in the United Kingdom (+1.7%), Greece, France and the Netherlands (all +0.9%), and the largest decreases in Lithuania (-1.2%), Latvia (-0.7%), Denmark, Hungary and Portugal (all -0.5%), Malta stood at -0.1%.

Annual changes

In October 2009, compared with October 2008, prices in total industry excluding the energy sector decreased by 3.9% in the euro area and by 3.2% in the EU27. Prices in the energy sector fell by 14.4% and 12.7% respectively. Intermediate goods declined by 6.4% in the euro area and by 5.7% in the EU27. Non-durable consumer goods dropped by 3.3% and 2.3% respectively. Capital goods fell by 0.7% in the euro area and by 0.3% in the EU27. Durable consumer goods rose by 0.4% and 0.9% respectively.

Among Member States for which data was available, the largest falls in the total index were observed in Lithuania (-12.8%), the Netherlands (-11.2%) and Latvia (-10.2%), and the lowest in Slovenia (-1.4%), Sweden (-1.5%) and Ireland (-2.6%), Malta stood at -8.5%.

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

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