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10/1/2020, 11:02 AM (Source: TeleTrader)
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Eurozone producer prices up by 0.1% MoM in August

Producer prices in the European Union (EU27) and the Eurozone (EA19) increased by 0.2% and 0.1%, respectively, in August compared to the previous month, according to a Eurostat report published on Thursday. On an annual level, the figures went down by 2.5% in the euro area and by 2.3% in the EU.

In the euro area, the prices for durable consumer goods and non-durable consumer goods remained stable, advanced by 0.1% for intermediate goods, and decreased by 0.1% for capital goods on a monthly level. Compared to the same period in 2019, the figures for non-durable, durable, and capital goods all grew by, 0.3%, 1.5%, and 0.8%, respectively, while the ones for intermediate goods declined by 1.9%. In the energy sector, the prices rose by 0.3% month-on-month and but lost 8.7% year-on-year.

In the EU, the energy sector saw a growth of 0.6% on a monthly basis but a drop of 8.4% on an annual level. The prices also increased by 0.1% for intermediate goods, durable consumer goods, and non-durable consumer goods in comparison to the previous month, and by 0.6% for non-durable consumer goods, by 0.9% for consumer goods, and by 1.6% for durable consumer goods in comparison to August 2019. On the other hand, the figures declined by 0.1% month-on-month, and by 1.7% for intermediate goods year-on-year.

Breaking the News / JR