Euro area's industrial producer prices down by 0.1 pct in March monthly

Source: Xinhua| 2019-05-03 23:17:30|Editor: Mu Xuequan
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BRUSSELS, May 3 (Xinhua) -- Compared with February 2019, the industrial producer prices fell by 0.1 percent in the euro area (EA19) while rising by 0.1 percent in the EU28 this March, Eurostat, the statistical office of the European Union (EU),said Friday.

On the yearly base, the index rose by 2.9 percent in the euro area and by 3.1 percent in the EU28 this March.

Meanwhile, compared with February this year, the industrial producer prices in the euro area in March fell by 0.5 percent for the energy sector, remained stable for non-durable consumer goods, and rose by 0.1 percent for both capital goods and durable consumer goods and by 0.2 percent for intermediate goods. Prices in total industry excluding energy remained stable.

In the EU28, industrial producer prices rose by 0.2 percent on a monthly base for intermediate goods in March, by 0.1 percent for capital goods, durable consumer goods and non-durable consumer goods, while prices in the energy sector remained stable, said Eurostat.

The largest monthly decreases in industrial producer prices were recorded in Denmark (-1.6 percent), Cyprus (-1.2 percent) and Estonia (-0.8 percent), while the highest increases were observed in Greece (+1.1percent), Luxembourg and Romania (both +0.8 percent), said Eurostat in a press release.

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 market, excluding imports.