Industrial producer prices in the Euro area decreased by 0.4% in March compared with February, and decreased by 7.8% year-over-year; industrial producer prices in the EU fell 0.5% from February and by 7.6% year-over-year: Eurostat

LUXEMBOURG , May 6, 2024 (press release) –

Down by 7.8% in the euro area and by 7.6% in the EU compared with March 2023

Overview
In March 2024, compared with February 2024, industrial producer prices decreased by 0.4% in the euro area and by 0.5% in the EU, according to first estimates from Eurostat, the statistical office of the European Union. In February 2024, industrial producer prices fell by 1.1% in the euro area and by 1.0% in the EU.

In March 2024, compared with March 2023, industrial producer prices decreased by 7.8% the euro area and by 7.6% in the EU.

Monthly comparison by main industrial grouping and by Member State
In the euro area in March 2024, compared with February 2024, industrial producer prices

• increased by 0.1% for intermediate goods,
• decreased by 1.8% for energy,
• increased by 0.1% for capital goods,
• increased by 0.1% for durable consumer goods,
• increased by 0.4% for non-durable consumer goods.

Prices in total industry excluding energy increased by 0.2%.

In the EU, industrial producer prices

• increased by 0.2% for intermediate goods,
• decreased by 2.0% for energy,
• increased by 0.1% for capital goods,
• increased by 0.2% for durable consumer goods,
• increased by 0.4% for non-durable consumer goods.

Prices in total industry excluding energy increased by 0.2%.

Among Member States for which data are available, the largest monthly decreases in industrial producer prices were recorded in Bulgaria (-3.4%), Denmark and Greece (both -2.3%) and Spain (-2.2%). Increases were observed in Ireland and Sweden (both +0.9%) as well as in Germany and Croatia (both +0.2%).

Annual comparison by main industrial grouping and by Member State
In the euro area in March 2024, compared with March 2023, industrial producer prices

• decreased by 4.8% for intermediate goods,
• decreased by 20.0% for energy,
• increased by 1.9% for capital goods,
• increased by 1.0% for durable consumer goods,
• increased by 0.9% for non-durable consumer goods.

Prices in total industry excluding energy decreased by 1.3%.

In the EU, industrial producer prices

• decreased by 5.0% for intermediate goods,
• decreased by 18.6% for energy,
• increased by 1.8% for capital goods,
• increased by 0.3% for durable consumer goods,
• increased by 0.6% for non-durable consumer goods.

Prices in total industry excluding energy decreased by 1.5%.

Among Member States for which data are available, the largest annual decreases in industrial producer prices were recorded in Slovakia (-24.6%), Ireland (-19.8%) and Belgium (-13.4%). Increases were observed in Luxembourg (+16.5%) and Malta (+0.7%).

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