OREANDA-NEWS. In October 2015, compared with September 2015, industrial producer prices fell by 0.3% in the euro area (EA19) and by 0.2% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In September 2015 prices decreased by 0.4% in the euro area and by 0.3% in the EU28

In October 2015, compared with October 2014, industrial producer prices fell by 3.1% in the euro area and by 3.5% in the EU28.

Monthly comparison by main industrial grouping and by Member State

The 0.3% decrease in industrial producer prices in total industry in the euro area in October 2015, compared with September 2015, is due to price falls of 0.4% for both intermediate goods and energy and of 0.2% 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 0.2%.

In the EU28, the 0.2% decrease is due to price falls of 0.4% for intermediate goods, of 0.3% in the energy sector 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 also fell by 0.2%.

The largest decreases in industrial producer prices were observed in Ireland (-1.1%), Spain and Hungary (both -0.7%), Bulgaria, Lithuania and the Netherlands (all -0.6%). The only increases were observed in Sweden (+0.7%), Denmark (+0.5%), Estonia (+0.4%) and France (+0.1%).

Annual comparison by main industrial grouping and by Member State

The 3.1% decrease in industrial producer prices in total industry in the euro area in October 2015, compared with October 2014, is due to price falls of 9.7% in the energy sector, of 1.9% for intermediate goods and of 0.2% for nondurable consumer goods, while prices rose by 0.6% for capital goods and by 0.8% for durable consumer goods. Prices in total industry excluding energy fell by 0.7%.

In the EU28, the 3.5% price decrease is due to falls of 12.3% in the energy sector, of 1.8% for intermediate goods and of 0.2% for non-durable consumer goods, while prices rose by 0.7% for capital goods and by 0.9% for durable consumer goods. Prices in total industry excluding energy fell by 0.6%.

Industrial producer prices fell in all Member States, with the largest decreases observed in Lithuania (-10.4%), Greece (-8.0%), the Netherlands (-7.9%), the United Kingdom (-6.9%), Cyprus (-6.7%) and Ireland (-6.2%)