Local
articles | 04 September 2013

Eurostat: Industrial producer index up in Eurozone, down in Cyprus

Industrial producer prices increased in July in the EU and the Eurozone, while a drop was recorded in Cyprus, according to data released by Eurostat on Tuesday.

In July 2013, compared with June 2013, industrial producer prices rose by 0.3% in the Euro area (EA17) and by 0.4% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In June prices remained stable in both zones. In July 2013, compared with July 2012, industrial producer prices rose by 0.2% in the Euro area and by 0.7% in the EU28.

In July 2013 compared with June 2013, prices in total industry excluding the energy sector remained stable in both the Euro area and the EU28. Prices in the energy sector increased by 0.8% in the Euro area and by 1.2% in the EU28. In both zones, non-durable consumer goods gained 0.2%, while capital goods remained stable. Durable consumer goods fell by 0.1% in the Euro area and remained stable in the EU28. In both zones, intermediate goods decreased by 0.2%.

Among the member states for which data are available, the highest increases in the total index were recorded in the United Kingdom (+1.9%), Greece (+0.9%), the Netherlands (+0.7%), Spain and Portugal (both +0.5%), and the largest decreases in Estonia (-5.0%), Slovakia (-0.5%), Cyprus (-0.4%) and Croatia (-0.3%).

In July 2013 compared with July 2012, prices in total industry excluding the energy sector increased by 0.6% in the Euro area and by 0.8% in the EU28. Non-durable consumer goods rose by 2.2% and 2.4% respectively. Durable consumer goods increased by 0.6% in the Euro area and by 0.4% in the EU28. Capital goods gained 0.5% and 0.6% respectively. Prices in the energy sector fell by 0.6% in the Euro area, but rose by 0.3% in the EU28. Intermediate goods decreased by 0.5% and 0.4% respectively. In Cyprus there was a drop of 2.3%.

Among the member states for which data are available, the highest increases in the total index were observed in Estonia (+8.4%), Denmark (+5.1%) and the United Kingdom (+4.4%), and the largest decreases in Cyprus (-2.3%), Bulgaria (-1.8%) and Lithuania (-1.4%).

Source: Financial Mirror

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