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Eurozone industrial producer prices down by 1 pct in January

Xinhua, March 2, 2016 Adjust font size:

Industrial producer prices fell by 1 percent in January compared with the previous month in both the 19-country eurozone and the wider European Union, statistics agency Eurostat said on Wednesday.

In December 2015, prices decreased by 0.8 percent in both zones.

Eurostat estimated that the 1 percent decrease was due to price falls of 3.2 percent in the energy sector and of 0.3 percent for intermediate goods.

Prices remained stable for non-durable consumer goods and increased by 0.1 percent for capital goods, and by 0.4 percent for durable consumer goods.

Prices in total industry excluding energy remained stable.

Figures showed industrial producer prices in the current month fell by 2.9 percent in both the euro area and the EU on a yearly base.

The largest monthly decreases in industrial producer prices were observed in the Netherlands (minus 3.1 percent), Greece (minus 2.9 percent), Belgium (minus 2.7 percent), Spain (minus 2.5 percent) and Hungary (minus 2.2 percent), and the only increases in Estonia (4.5 percent), Denmark (1.7 percent), Lithuania (0.6 percent), Luxembourg (0.5 percent) and Malta (0.1 percent). Endit