The Euro area’s industrial producer prices dropped by 3.3pc and by 3pc in the EU in July compared to the prior-year period according to Eurostat data. 

 

Compared with June, however, industrial producer prices increased by 0.6pc in the Euro area and by 0.4pc in the EU as the containment measures due to COVID-19 relaxed in many countries in the region. 

 

In the Euro area, industrial producer prices rose by 0.9pc and increased by 1.6pc for capital goods as well as durable consumer goods in July compared with the same month last year. Total industrial producer prices fell by 0.4pc excluding the energy sector during the same period. 

 

In the EU, total industrial producer prices declined by 0.3pc excluding the energy sector in July compared with the same month last year. Capital goods prices increased by 1.1pc while durable consumer goods prices rose by 1.7pc in July on an annual basis. 

 

The Euro area’s total industrial producer prices excluding the energy sector remained unchanged from June though durable consumer goods prices climbed by 0.4pc in July compared to the previous month. Prices for capital goods were flat during the period. 

 

In the EU, the total industrial producer prices excluding the energy sector were unchanged in July from June while prices for durable consumer goods rose by 0.4pc. Prices remained unchanged for capital goods in July compared with the previous month.

 

 

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