According to a report published by Eurostat, the statistical office of the European Communities, in March this year, prices of industrial producers in the eurozone and the member states of the European Union (EU) decreased by 1.6 percent on a monthly basis. On an annualized basis, industrial producer prices rose by 1.9 percent in the euro area and 2.1 percent in the EU.
In March, compared with February, prices in the energy sector decreased by 5.8 percent in the eurozone and by 5.5 percent in the EU. Prices for capital goods rose 0.1 percent in the euro area and remained stable in the EU, while prices for durable goods rose 0.2 percent in the euro area and 0.1 percent in the EU on a monthly basis. In the same month, prices for durable goods rose 0.5 percent in both areas, while prices for intermediate goods remained unchanged in the euro area and rose 0.1 percent in the EU, all on a monthly basis.
Among the Member States for which data are available, the largest monthly increases in producer prices of industrial products were recorded in Greece (+1.3%), Luxembourg (+0.9%) and Slovenia (+0.6%), while the largest decreases were observed in Estonia (-8.0%), Spain (-3.9%) and Italy (-3.3%).
This month, compared with March 2024, prices in the energy sector increased by 3.8% in the euro area and by 4.1% in the EU. Prices for intermediate goods rose 0.8 percent in the euro area and 0.9 percent in the EU, while prices for durable goods rose 0.9 percent in the euro area and one percent in the EU, all year-on-year. In the same month, prices for durable goods rose by 1.7 percent in the euro area and 1.9 percent in the EU year-on-year. Prices for capital goods increased by 1.8% in the euro area and by 1.7% in the EU year-on-year.
Among the Member States for which data are available, the largest year-on-year growth was recorded in Bulgaria (+22.0%), Ireland (+10.6%) and Denmark (+10.2%), while Luxembourg (-4.5%), Portugal (-1.0%), France and Lithuania (-0.6%), the largest decrease was observed.
Steelorbis.com
