The decline in producer prices in the European industry in May

Producer prices of industrial products in the European Union and the euro area fell again in May on a monthly basis after the previous month’s stagnated, and the trend is monitored and Croatia, a report of the European Statistical Office.  Producer prices of industrial products in the EU and the euro area decreased in May by 0.4 percent compared to April when they stagnated, according to calculations by Eurostat.
This is the European statistical office revised the first assessment of their movement in the EU in April, while the estimate for the euro area confirmed.
In May, the weight producer prices in the European industry were energy prices, which in May on a monthly basis dropped 1.8 percent in the EU and 1.3 percent in the euro area.
Most are in turn monthly increase in prices of non-durable consumer goods, 0.3 percent in the EU and 0.2 percent in the euro area. Excluding the energy sector, producer prices in the industry of the EU and the euro zone stagnated, determined in the European statistical office.
Among the EU countries most in May on a monthly basis fell producer prices of industrial products in Greece, 1.9 percent, and in Lithuania, 1.5 percent, and the Netherlands, for one percent.
Croatia from declining prices by 0.6 percent on a monthly basis aligned with France and another group consists of Bulgaria, Czech Republic, Austria, Poland and Sweden with the drop in prices by 0.5 percent. In April, producer prices of industrial products in Croatia rose by 0.4 percent on a monthly basis.
Most in May among the EU countries increased producer prices of industrial products in Ireland, 1.1 percent, and Cyprus, to 0.8 percent in Slovenia, 0.4 percent.
On an annual basis, producer prices of industrial products in the EU rose in May by 3.7 percent, after a 4.8 percent jump in the previous month, reported from Eurostat. In the euro area increased 3.3

 

 

Source: Eurostat

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