According to data, published by Eurostat, the Statistical Office of the European Communities, the industrial producer price index rose by 0.3% MoM in the euro area and by 0.2% MoM in the EU 27 in June 2009 as compared with May 2009. In May, prices remained stable in both zones. Industrial producer prices dropped by 6.6% YoY in the euro area and by 6.7% YoY in the EU 27 in June 2009 as compared with June 2008.

In June 2009, compared with the previous month, prices in total industry excluding the energy sector fell by 0.1% in both the euro area and the EU27. Prices in the energy sector increased by 1.4% and 1%, respectively. Intermediate goods decreased by 0.1% in the euro area and by 0.2% in the EU27. In both zones, durable consumer goods and non durable consumer goods dropped by 0.1%. Capital goods remained stable in the euro area but declined by 0.1% in the EU 27.

Among member states for which data are available, the largest increases in the total index were recorded in Greece (+2.1%), Denmark (+2.0%), Finland (+1.1%) and the United Kingdom (+1.0%). The only decreases were observed in Latvia (-1.8%), Slovakia (-0.6%), Germany and Cyprus (both -0.1%), while the index remained stable in the Czech Republic and Ireland.

In June 2009 as compared with June 2008, prices in total industry excluding the energy sector decreased by 3.5% in the euro area and by 2.6% in the EU 27. Prices in the energy sector fell by 15% and 15.9% respectively. Intermediate goods declined by 6.4% in the euro area and by 5.4% in the EU 27. Non durable consumer goods dropped by 2.9% and 1.7% respectively. Capital goods rose by 0.3% in the euro area and by 0.8% in the EU27. Durable consumer goods gained 1.5% and 1.9% respectively.

Among member states for which data are available, the largest falls in the total index were observed in the Netherlands (-13.2%), Denmark (-11.2%) and Belgium (-9.4%). The only increases were registered in Malta (+21.2%), Hungary (+2.1%) and Romania (+1.3%).

(Sourced from Eurostat Press Office)