EU industrial producer prices down by 0.2% in November 2012 compared to the previous month
According to data published by the Statistical Office of the European Union (Eurostat), the index of industrial producers prices for November 2012 fell by two tenths of percentage point compared to previous month in both the euro area and the whole Union. By contrast, in annual terms the index recorded an increase of 2.1% in the euro area and 1.9% in the EU as a whole.
The data provided by the Statistical Office of the European Union (Eurostat) in relation to the industrial producer price index shows the variations in ex-works price sales of all products sold on domestic markets of the various countries, excluding imports. The data for industrial production prices recorded in November 2012 show a slight drop of 0.2% compared to the previous month for all the industry excluding the energy sector. Regarding industrial producer prices in the energy sector the fall was greater both in the euro area, where it decreased by 0.7%, and in the Union where it felt by 1.1%.
Producer prices of intermediate goods decreased in both cases by 0.2% and durable consumer goods they did by 0.1% in the euro area and remained stable in the whole EU. In contrast, capital goods prices increased by 0.1% as well as non-durable consumer goods in the euro area than in the case of the EU did in 0.2%.
By Member States, the largest reductions towards previous months were registered in Greece with a decrease of 0.9%, followed by Lithuania, Hungary and Portugal where it declined by 0.6%. On the opposite side, the largest increases in industrial producer prices took place in Denmark with an increase of 0.7%, followed by Belgium with 0.6% and Ireland with 0.4%.