December 2011 compared with November 2011 Industrial producer prices down by 0.2% in both euro area and EU27
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1 18/ February 2012 December 2011 compared with November 2011 Industrial producer prices down by 0.2% in both euro area and EU27 In December 2011, compared with November 2011, the industrial producer price index 1 fell by 0.2% in both the euro area 2 (EA17) and the EU27 2. In November 3 prices increased by 0.2% and 0.4% respectively. In December 2011 compared with December 2010, industrial producer prices gained 4.3% in the euro area and 4.9% in the EU27. The average industrial producer price index for 2011, compared with 2010, increased by 5.9% in the euro area and by 6.7% in the EU27. These figures come from Eurostat, the statistical office of the European Union. Industrial producer prices in the euro area and EU27 Euro area total industry excl. construction Euro area total industry excl. construction and energy EU27 total industry excl. construction EU27 total industry excl. construction and energy =
2 Monthly comparison In December 2011, compared with the previous month, prices in total industry excluding the energy sector decreased by 0.1% in both the euro area and the EU27. Prices in the energy sector fell by 0.4% and 0.6% respectively. In both zones, intermediate goods decreased by 0.2%, while capital goods and durable consumer goods remained stable. Non-durable consumer goods remained stable in the euro area and increased by 0.1% in the EU27. Among the Member States for which data are available, the largest decreases in the total index were recorded in Denmark (-1.2%), Sweden (-0.8%), the Netherlands and Finland (both -0.5%), and the highest increases in Romania (+0.5%), Ireland (+0.3%), Greece and Poland (both +0.2%). Annual comparison In December 2011 compared with December 2010, prices in total industry excluding the energy sector increased by 2.6% in the euro area and by 2.9% in the EU27. Prices in the energy sector gained 9.5% and 9.6% respectively. Non-durable consumer goods rose by 3.2% in the euro area and by 3.8% in the EU27. Intermediate goods increased by 2.8% and 3.1% respectively. Durable consumer goods gained 2.3% in both zones. Capital goods rose by 1.5% in the euro area and by 1.6% in the EU27. Among the Member States for which data are available, the largest increases in the total index were observed in Lithuania (+9.5%), Latvia (+8.9%) and the United Kingdom (+8.2%), and the smallest in Malta (+0.7%), Denmark (+2.3%) and Slovakia (+2.5%). The only decrease was recorded in Sweden (-3.1%). 1. The index of producer prices shows (in the national currency of the country concerned) changes in the ex-works sale prices of all products sold on the domestic markets of the various countries, excluding imports. Euro area and EU indices refer to overall weighted price changes. The figures are not adjusted. Missing observations from Member States for recent months are estimated for the calculation of the euro area and the EU. The weights of the Member States in the EU and euro area aggregates can be found at: See file: EU_EA17_NEWS_RELEASE_WEIGHTINGS_2005_nace2 More detailed data can be found in the short-term statistics database on the Eurostat website: 2. The euro area (EA17) includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland. The EU27 includes Belgium (BE), Bulgaria (BG), the Czech Republic (CZ), Denmark (DK), Germany (DE), Estonia (EE), Ireland (IE), Greece (EL), Spain (ES), France (FR), Italy (IT), Cyprus (CY), Latvia (LV), Lithuania (LT), Luxembourg (LU), Hungary (HU), Malta (MT), the Netherlands (NL), Austria (AT), Poland (PL), Portugal (PT), Romania (RO), Slovenia (SI), Slovakia (SK), Finland (FI), Sweden (SE) and the United Kingdom (UK). 3. Compared with data issued in the News Release 2/2012 of 5 January 2012, the monthly growth rate for November 2011 remains unchanged at +0.2% in the euro area and has been revised from +0.3% to +0.4% in the EU27. The annual growth rates for November 2011 have been revised from +5.3% to +5.4% in the euro area and from +6.3% to +6.4% in the EU27. Issued by: Eurostat Press Office Tim ALLEN Tel: eurostat-pressoffice@ec.europa.eu For further information on data: Liselott ÖHMAN Tel: liselott.oehmann@ec.europa.eu Eurostat news releases on the internet: Selected Principal European Economic Indicators:
3 Industrial producer prices on the domestic market % change compared with previous month EA17 Total industry excluding construction Total industry excluding construction and energy Intermediate goods Energy Capital goods Durable consumer goods Non-durable consumer goods EU27 Total industry excluding construction Total industry excluding construction and energy Intermediate goods Energy Capital goods Durable consumer goods Non-durable consumer goods EA EU Belgium Bulgaria Czech Republic Denmark Germany Estonia Ireland Greece Spain France Italy Cyprus Latvia Lithuania Luxembourg : Hungary Malta Netherlands Austria : Poland Portugal Romania Slovenia Slovakia Finland Sweden United Kingdom Norway Switzerland
4 Industrial producer prices on the domestic market % change compared with same month of previous year EA17 Total industry excluding construction Total industry excluding construction and energy Intermediate goods Energy Capital goods Durable consumer goods Non-durable consumer goods EU27 Total industry excluding construction Total industry excluding construction and energy Intermediate goods Energy Capital goods Durable consumer goods Non-durable consumer goods EA EU Belgium Bulgaria Czech Republic Denmark Germany Estonia Ireland Greece Spain France Italy Cyprus Latvia Lithuania Luxembourg : Hungary Malta Netherlands Austria : Poland Portugal Romania Slovenia Slovakia Finland Sweden United Kingdom Norway Switzerland
5 Industrial producer prices indices on the domestic market for total industry excluding construction (base year 2005) 12/08 12/09 12/10 01/11 02/11 03/11 04/11 05/11 06/11 07/11 08/11 09/11 10/11 11/11 12/11 EA EU BE BG CZ DK DE EE IE EL ES FR IT CY LV LT LU : HU MT NL AT : PL PT RO SI SK FI SE UK NO CH
6 Industrial producer prices indices on the domestic market for total industry excluding construction and energy (base year 2005) 12/08 12/09 12/10 01/11 02/11 03/11 04/11 05/11 06/11 07/11 08/11 09/11 10/11 11/11 12/11 EA EU BE BG CZ DK DE EE IE EL ES FR IT CY LV LT LU : HU MT NL AT : PL PT RO SI SK FI SE UK NO CH
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