Industrial producer prices down by 0.2% in the euro area and by 0.3% in the EU (2024)

Euro indicators 3 July 2024 Next release: 5 August 2024

May 2024 compared with April 2024

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Down by 4.2% in the euro area and by 4.0% in the EU compared with May 2023

Overview

In May 2024, compared with April 2024, industrial producer prices decreased by 0.2% in the euro area and by 0.3% in the EU, according to first estimates from Eurostat, the statistical office of the European Union. In April 2024, industrial producer prices fell by 1.0% in the euro area and by 0.7% in the EU.

In May 2024, compared with May 2023, industrial producer prices decreased by 4.2% the euro area and by 4.0% in the EU.

Industrial producer prices down by 0.2% in the euro area and by 0.3% in the EU (1)

Monthly comparison by main industrial grouping and by Member State

In the euro area in May 2024, compared with April 2024, industrial producer prices

  • increased by 0.1% for intermediate goods,

  • decreased by 1.1% for energy,

  • increased by 0.1% for capital goods,

  • decreased by 0.1% for durable consumer goods,

  • increased by 0.1% for non-durable consumer goods.

Prices in total industry excluding energy increased by 0.1%.

In the EU, industrial producer prices

  • increased by 0.1% for intermediate goods,

  • decreased by 1.3% for energy,

  • increased by 0.1% for capital goods,

  • decreased by 0.2% for durable consumer goods,

  • increased by 0.2% for non-durable consumer goods.

Prices in total industry excluding energy increased by 0.2%.

The largest monthly decreases in industrial producer prices were recorded in Croatia (-4.1%), Greece (-2.9%) and Sweden (-1.8%). The highest increases were observed in Ireland (+7.7%), Bulgaria (+4.5%) and Estonia (+2.1%).

Annual comparison by main industrial grouping and by Member State

In the euro area in May 2024, compared with May 2023, industrial producer prices

  • decreased by 2.9% for intermediate goods,

  • decreased by 11.4% for energy,

  • increased by 1.6% for capital goods,

  • increased by 0.5% for durable consumer goods,

  • increased by 1.1% for non-durable consumer goods.

Prices in total industry excluding energy decreased by 0.4%.

In the EU, industrial producer prices

  • decreased by 3.0% for intermediate goods,

  • decreased by 10.3% for energy,

  • increased by 1.7% for capital goods,

  • increased by 0.1% for durable consumer goods,

  • increased by 0.9% for non-durable consumer goods.

Prices in total industry excluding energy decreased by 0.6%.

The largest annual decreases in industrial producer prices were recorded in Slovakia (-20.7%), Poland (-6.8%), France and Latvia (both -6.7%). The highest increases were observed in Luxembourg (+17.7%), Sweden (+1.3%) and Czechia (+1.0%).

Tables

Industrial producer prices on the domestic market

% change compared with previous month

Dec-23

Jan-24

Feb-24

Mar-24

Apr-24

May-24

Euro area

Total industry

-0.6

-0.9

-1.0

-0.6

-1.0

-0.2

Total industry excluding energy

-0.1

0.3

0.1

0.3

0.3

0.1

Intermediate goods

-0.2

-0.1

-0.1

0.2

0.3

0.1

Energy

-2.0

-2.9

-3.6

-2.3

-3.6

-1.1

Capital goods

0.0

0.6

0.3

0.0

0.2

0.1

Durable consumer goods

0.0

-0.2

0.4

0.2

0.2

-0.1

Non-durable consumer goods

0.1

0.2

0.2

0.6

0.2

0.1

EU

Total industry

-0.8

-0.8

-1.0

-0.6

-0.7

-0.3

Total industry excluding energy

-0.1

0.3

0.1

0.3

0.2

0.2

Intermediate goods

-0.3

-0.1

-0.1

0.2

0.3

0.1

Energy

-2.0

-2.5

-3.2

-2.5

-2.5

-1.3

Capital goods

0.1

0.5

0.4

0.1

0.1

0.1

Durable consumer goods

0.0

-0.1

0.3

0.2

0.2

-0.2

Non-durable consumer goods

0.0

0.2

0.2

0.6

0.2

0.2

Source dataset: sts_inppd_m

Industrial producer prices down by 0.2% in the euro area and by 0.3% in the EU (2)

Industrial producer prices on the domestic market

% change compared with previous month

Dec-23

Jan-24

Feb-24

Mar-24

Apr-24

May-24

Euro area

-0.6

-0.9

-1.0

-0.6

-1.0

-0.2

EU

-0.8

-0.8

-1.0

-0.6

-0.7

-0.3

Belgium

1.0

-0.5

0.9

-0.2

0.2

-1.6

Bulgaria

-0.4

-1.8

-1.5

-3.4

-0.8

4.5

Czechia

-0.5

2.4

0.5

0.0

0.2

-1.2

Denmark

-0.8

0.1

-2.8

-2.3

2.8

-0.7

Germany

-0.9

0.2

-0.4

0.2

0.2

-0.1

Estonia

-1.4

5.3

-7.2

-0.9

-0.3

2.1

Ireland

-12.0

4.0

-4.2

0.9

0.8

7.7

Greece

1.1

0.7

-1.6

-2.3

-1.8

-2.9

Spain

-0.3

0.2

-2.6

-2.2

-0.3

0.8

France

-0.1

-1.0

-1.5

-1.2

-3.6

-1.4

Croatia

-0.6

-0.9

0.1

0.2

-1.9

-4.1

Italy

-1.2

-2.5

-1.5

-0.4

-1.4

0.3

Cyprus

0.1

-1.6

0.0

-0.6

0.1

0.5

Latvia

-1.5

1.2

-3.0

-1.1

-0.1

0.4

Lithuania

-1.2

6.5

-3.3

-2.0

0.0

-1.6

Luxembourg

0.3

-0.8

0.8

-0.4

-1.1

0.0

Hungary

-0.7

-1.2

0.7

-0.3

-0.3

-0.9

Malta

0.0

0.3

0.0

0.0

0.0

-0.1

Netherlands

-1.6

-0.6

-0.1

0.2

-0.6

-0.7

Austria

-0.9

-2.2

-0.9

-1.3

-0.8

0.3

Poland

-1.2

-3.0

0.3

-0.3

0.2

-0.2

Portugal

-0.3

0.8

0.3

-0.5

-0.3

0.3

Romania

-0.6

-0.4

-1.2

-2.6

-0.2

0.6

Slovenia

-0.4

-0.2

-1.1

-0.1

0.1

0.1

Slovakia

-0.3

-14.3

-5.6

-0.5

-0.5

0.5

Finland

-0.3

0.7

-0.8

-0.4

0.3

-0.9

Sweden

-0.5

1.1

-1.3

0.9

-0.6

-1.8

Norway

-1.3

0.4

-0.7

1.2

0.0

-1.7

Switzerland

-0.3

0.4

0.2

0.1

0.0

0.4

Source dataset: sts_inppd_m

Industrial producer prices down by 0.2% in the euro area and by 0.3% in the EU (3)

Industrial producer prices on the domestic market

% change compared with same month of previous year

Dec-23

Jan-24

Feb-24

Mar-24

Apr-24

May-24

Euro area

Total industry

-9.6

-8.0

-8.3

-7.8

-5.7

-4.2

Total industry excluding energy

-0.3

-1.2

-1.3

-1.3

-0.9

-0.4

Intermediate goods

-4.6

-5.4

-5.4

-4.8

-3.9

-2.9

Energy

-25.2

-19.9

-21.1

-20.2

-14.7

-11.4

Capital goods

3.0

2.2

2.1

1.9

1.5

1.6

Durable consumer goods

2.9

1.1

1.1

1.0

1.0

0.5

Non-durable consumer goods

3.3

2.0

1.5

1.2

1.0

1.1

EU

Total industry

-9.0

-7.8

-8.1

-7.6

-5.4

-4.0

Total industry excluding energy

-0.5

-1.3

-1.5

-1.4

-1.2

-0.6

Intermediate goods

-4.8

-5.7

-5.6

-5.0

-4.1

-3.0

Energy

-23.3

-18.9

-19.6

-18.9

-13.4

-10.3

Capital goods

2.8

2.0

2.0

1.9

1.6

1.7

Durable consumer goods

2.0

0.6

0.4

0.3

0.5

0.1

Non-durable consumer goods

3.0

1.7

1.2

0.9

0.6

0.9

Source dataset: sts_inppd_m

Industrial producer prices down by 0.2% in the euro area and by 0.3% in the EU (4)

Industrial producer prices on the domestic market

% change compared with same month of previous year

Dec-23

Jan-24

Feb-24

Mar-24

Apr-24

May-24

Euro area

-9.6

-8.0

-8.3

-7.8

-5.7

-4.2

EU

-9.0

-7.8

-8.1

-7.6

-5.4

-4.0

Belgium

-17.8

-15.7

-12.2

-11.6

-2.6

-2.3

Bulgaria

-19.8

-17.8

-12.1

-12.8

-10.6

-4.2

Czechia

1.4

-1.9

-1.0

0.0

1.4

1.0

Denmark

-6.3

-4.0

-5.9

-6.9

-4.4

-4.2

Germany

-5.2

-4.5

-4.1

-2.9

-3.2

-2.3

Estonia

-9.5

-0.6

-7.7

-7.7

-7.0

-3.8

Ireland

-43.5

-21.5

-24.2

-19.8

-13.7

0.4

Greece

-7.3

-7.9

-6.3

-1.3

-3.3

-3.8

Spain

-6.3

-4.0

-8.6

-8.2

-6.7

-4.6

France

-1.3

-4.8

-5.3

-8.2

-6.7

-6.7

Croatia

0.6

-1.1

-1.7

-2.0

-2.0

-4.4

Italy

-20.5

-14.0

-14.2

-12.7

-8.0

-4.9

Cyprus

-1.3

-3.6

-3.7

-4.2

-4.3

-3.1

Latvia

-18.7

-11.9

-13.6

-12.1

-9.2

-6.7

Lithuania

-8.9

-2.7

-6.3

-5.4

-2.5

-1.8

Luxembourg

19.9

16.5

17.2

16.5

16.7

17.7

Hungary

-3.6

-7.8

-5.9

-5.4

-5.0

-3.9

Malta

0.8

0.8

0.7

0.7

0.8

0.5

Netherlands

-7.8

-10.1

-10.3

-8.2

-5.2

-4.2

Austria

-5.2

-11.7

-10.5

-10.3

-8.6

-6.5

Poland

-6.0

-11.0

-10.0

-9.9

-8.3

-6.8

Portugal

-4.3

-1.9

-2.4

-1.7

-1.1

0.4

Romania

-7.1

-8.0

-9.0

-11.0

-5.7

-2.2

Slovenia

1.9

0.3

-3.4

-3.7

-3.8

-3.1

Slovakia

13.3

-12.1

-25.5

-24.6

-22.8

-20.7

Finland

-8.5

-4.5

-4.5

-4.3

-2.1

0.0

Sweden

-10.4

-1.4

-1.5

-0.4

0.6

1.3

Norway

1.6

4.2

2.6

2.8

3.1

2.8

Switzerland

2.9

2.3

1.9

1.6

1.6

1.0

Source dataset: sts_inppd_m

Industrial producer prices down by 0.2% in the euro area and by 0.3% in the EU (5)

Industrial producer prices indices on the domestic market for total industry
(base year 2021)

Dec-23

Jan-24

Feb-24

Mar-24

Apr-24

May-24

Euro area

127.7

126.5

125.2

124.5

123.3

123.0

EU

128.9

127.9

126.6

125.9

125.0

124.6

Belgium

126.7

126.1

127.2

127.0

127.2

125.2

Bulgaria

126.0

123.7

121.8

117.7

116.7

122.0

Czechia

128.6

131.7

132.4

132.4

132.7

131.1

Denmark

144.0

144.1

140.1

136.9

140.8

139.8

Germany

128.3

128.5

128.0

128.2

128.4

128.3

Estonia

131.1

138.0

128.0

126.9

126.5

129.1

Ireland

88.5

92.0

88.1

88.9

89.6

96.5

Greece

125.1

126.0

124.0

121.2

119.0

115.5

Spain

126.1

126.3

123.0

120.3

119.9

120.9

France

131.6

130.3

128.3

126.7

122.1

120.4

Croatia

133.5

132.3

132.4

132.7

130.2

124.8

Italy

126.8

123.6

121.8

121.3

119.6

119.9

Cyprus

126.6

124.6

124.6

123.8

123.9

124.5

Latvia

144.0

145.7

141.4

139.8

139.6

140.2

Lithuania

136.5

145.4

140.6

137.8

137.8

135.6

Luxembourg

156.4

155.2

156.4

155.8

154.1

154.1

Hungary

181.8

179.7

180.9

180.3

179.8

178.2

Malta

108.6

108.9

108.9

108.9

108.9

108.8

Netherlands

123.4

122.6

122.5

122.7

122.0

121.2

Austria

126.4

123.6

122.5

120.9

119.9

120.2

Poland

128.9

125.0

125.4

125.0

125.3

125.0

Portugal

116.8

117.7

118.1

117.5

117.1

117.4

Romania

161.7

161.1

159.1

155.0

154.7

155.6

Slovenia

131.9

131.7

130.2

130.1

130.2

130.3

Slovakia

164.0

140.5

132.7

132.1

131.4

132.1

Finland

118.8

119.6

118.6

118.1

118.5

117.4

Sweden

117.8

119.1

117.6

118.6

117.9

115.8

Norway

137.1

137.7

136.7

138.3

138.3

135.9

Switzerland

111.8

112.3

112.5

112.6

112.6

113.1

Source dataset: sts_inppd_m

Industrial producer prices down by 0.2% in the euro area and by 0.3% in the EU (6)

Industrial producer prices indices on the domestic market for total industry

excluding energy (base year 2021)

Dec-23

Jan-24

Feb-24

Mar-24

Apr-24

May-24

Euro area

117.1

117.4

117.5

117.8

118.1

118.2

EU

117.4

117.7

117.8

118.1

118.3

118.5

Belgium

121.4

121.1

122.4

123.6

124.8

124.6

Bulgaria

128.3

128.4

128.9

129.2

129.8

130.2

Czechia

118.5

119.2

119.8

120.3

120.4

119.7

Denmark

117.3

117.3

117.3

117.9

118.0

118.1

Germany

118.0

118.3

118.3

118.6

118.9

119.1

Estonia

119.0

119.0

118.8

118.9

120.3

120.5

Ireland

109.4

108.7

111.7

111.9

111.9

111.9

Greece

112.4

112.7

112.8

112.8

113.2

113.3

Spain

117.4

118.0

118.1

118.4

118.3

118.5

France

116.5

116.8

116.8

117.1

117.1

117.3

Croatia

115.1

115.6

115.4

116.0

116.2

116.1

Italy

114.4

114.3

114.1

114.2

114.4

114.6

Cyprus

119.4

119.5

119.5

119.5

119.6

119.7

Latvia

126.7

127.0

127.3

127.2

127.6

127.7

Lithuania

125.9

125.2

125.1

124.0

124.6

123.7

Luxembourg

107.5

107.7

108.6

108.2

108.5

108.5

Hungary

139.2

139.9

140.8

141.5

141.6

141.8

Malta

118.9

119.5

119.5

119.5

119.5

119.4

Netherlands

117.9

118.7

119.1

119.8

119.9

119.5

Austria

114.5

115.3

115.6

116.0

116.4

116.8

Poland

116.0

115.0

114.8

115.0

114.8

114.8

Portugal

120.2

121.2

121.4

121.4

121.9

122.2

Romania

125.2

126.0

126.4

127.1

127.5

127.8

Slovenia

124.1

123.7

123.7

123.6

123.7

124.1

Slovakia

116.3

118.0

117.1

117.4

117.2

117.9

Finland

116.8

116.6

116.7

117.1

117.4

117.9

Sweden

120.2

121.0

121.7

122.1

123.2

124.5

Norway

127.4

128.4

129.2

129.2

129.9

130.1

Switzerland

107.9

108.0

108.0

108.0

107.9

108.0

Source dataset: sts_inppd_m

Industrial producer prices down by 0.2% in the euro area and by 0.3% in the EU (7)

Notes for users

Revisions and timetable

Compared with data issued in the News Release of 5 June 2024, the monthly percentage decreases for April 2024 remained unchanged at -1.0% in the euro area and at -0.7% in the EU. The annual percentage decrease remained unchanged at -5.7% in the euro area and has been revised from -5.5% to -5.4% in the EU.

Methods and definitions

The index of producer prices shows (in the national currency of the country concerned) changes in the ex-works sale prices of all products sold on the domestic market, excluding imports. Euro area and EU indices refer to overall weighted price changes. The figures are not calendar day or seasonally adjusted.

Total industry covers NACE rev.2 sections B to D + E36.

Starting with reference period January 2024, the base year of the data has been changed to 2021, since 2018 the base year had been 2015. More information on the reasons for and impact of the base year change can be found in the related Statistics Explained article.

Geographical information

The euro area (EA20) includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

The European Union (EU27) includes Belgium, Bulgaria, Czechia, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland and Sweden.

For more information

  • Eurostat database section on short-term business statistics

  • Statistics Explained article on the industrial producer price index

  • The weights of the Member States in the EU and euro area aggregates
    (See file Base year 2021 weights - Euro indicators releases)

  • Euro indicators dashboard

  • Release calendar for Euro indicators

  • European Statistics Code of Practice

Get in touch

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Phone: (+352) 4301 33 408

E-mail: eurostat-mediasupport@ec.europa.eu

Further information on data

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'; /** Retrieve the order from the tooltip option */ var sortOrder = option.tooltip.order; /** Sort the 'params' array based on the 'sortOrder' parameter. */ switch (sortOrder) { /** Sort by series name in ascending order. */ case 'seriesAsc': params = params.sort((a, b) => a.seriesName.localeCompare(b.seriesName)); break; /** Sort by series name in descending order. */ case 'seriesDesc': params = params.sort((a, b) => b.seriesName.localeCompare(a.seriesName)); break; /** Sort by numerical value in ascending order. */ case 'valueAsc': params = params.sort((a, b) => parseFloat(a.value) - parseFloat(b.value)); break; /** Sort by numerical value in descending order. */ case 'valueDesc': params = params.sort((a, b) => parseFloat(b.value) - parseFloat(a.value)); break; /** Reverse the current order. */ case 'reverse': params.reverse(); break; default: break; } /** Iterate over each series in the tooltip parameters */ for (var i = 0; i < params.length; i++) { /** Retrieve the name and value of the current series */ var seriesName = params[i].seriesName; var value = params[i].value; /** Replace every specific apostrphe by simple one. */ seriesName = seriesName.replaceAll("’", "'"); /** Convert the numeric value to its string representation. */ var strValue = String(value); /** Retrieve the axis used as value */ var axis = option.yAxis.type === 'value' ? option.yAxis : option.xAxis; /** Initialize the number of decimal places */ var decimals = option.tooltip.decimals; /** Check if decimals configuration is set to default and the value contains decimal places */ if (!decimals && strValue.indexOf('.') > -1) { /** Calculate the number of decimal places */ decimals = strValue.substring(strValue.indexOf('.'), strValue.length - 1).length; } else { /** If there are no decimal places, format the value with 1 decimal place */ decimals = decimals ? decimals : 1; /** Convert the value to a fixed-point notation string with a specified number of decimal places. */ value = Number(value).toFixed(decimals); } /** Convert -0 value to 0 with the specified or calculated number of decimal places.*/ if (Number(value) == -0) { value = (Number(value) + 0).toFixed(decimals); } /** Extract the unit from within the axis label */ var unit = axis.axisLabel.unit ? axis.axisLabel.unit : ''; /** Format the value using the appropriate number of decimal places */ value = isNaN(value) ? 'N/A' : Number(value).toLocaleString(option.lang ? option.lang : 'en', { minimumFractionDigits: decimals }) + unit; /** Retrieve the color of the current series */ const color = params[i].color; /** * Add the series name and value to the tooltip content * Use a circle icon with the series color */ tooltipContent += '

' + '' + '' + '' + seriesName + '' + '' + '' + value + '' + '

'; } /** Close the tooltip content container */ tooltipContent += '

'; /** Return the formatted tooltip content */ return tooltipContent; }}/* * This content is licensed according to the W3C Software License at * https://www.w3.org/Consortium/Legal/2015/copyright-software-and-document * * File: sortable-table.js * * Desc: Adds sorting to a HTML data table that implements ARIA Authoring Practices */'use strict';class SortableTable { constructor(tableNode) { this.tableNode = tableNode; this.columnHeaders = tableNode.querySelectorAll('thead th.sortable'); this.sortColumns = []; for (var i = 0; i < this.columnHeaders.length; i++) { var ch = this.columnHeaders[i]; var buttonNode = ch.querySelector('button'); if (buttonNode) { this.sortColumns.push(i); // buttonNode.setAttribute('data-column-index', i); // buttonNode.addEventListener('click', this.handleClick.bind(this)); ch.setAttribute('data-column-index', i); ch.addEventListener('click', this.handleClick.bind(this)); } } this.optionCheckbox = document.querySelector( 'input[type="checkbox"][value="show-unsorted-icon"]' ); if (this.optionCheckbox) { this.optionCheckbox.addEventListener( 'change', this.handleOptionChange.bind(this) ); if (this.optionCheckbox.checked) { this.tableNode.classList.add('show-unsorted-icon'); } } } setColumnHeaderSort(columnIndex) { if (typeof columnIndex === 'string') { columnIndex = parseInt(columnIndex); } for (var i = 0; i < this.columnHeaders.length; i++) { var ch = this.columnHeaders[i]; var buttonNode = ch.querySelector('button'); if (i === columnIndex) { var value = ch.getAttribute('aria-sort'); if (value === 'ascending') { ch.setAttribute('aria-sort', 'descending'); this.sortColumn( columnIndex, 'descending', ch.classList.contains('num')); } else if (value === 'descending') { ch.removeAttribute('aria-sort'); this.sortColumn( columnIndex, 'initial', true ); } else { ch.setAttribute('aria-sort', 'ascending'); this.sortColumn( columnIndex, 'ascending', ch.classList.contains('num') ); } } else { if (ch.hasAttribute('aria-sort') && buttonNode) { ch.removeAttribute('aria-sort'); } } } } sortColumn(columnIndex, sortValue, isNumber) { function compareValues(a, b) { if (a.value === b.value) return 0; if (sortValue === 'descending') { return isNumber ? b.value - a.value : (a.value > b.value ? -1 : 1); } else { return isNumber ? a.value - b.value : (a.value < b.value ? -1 : 1); } } if (typeof isNumber !== 'boolean') { isNumber = false; } var tbodyNode = this.tableNode.querySelector('tbody'); var rowNodes = []; var dataCells = []; var rowNode = tbodyNode.firstElementChild; var index = 0; while (rowNode) { rowNodes.push(rowNode); var rowCells = rowNode.querySelectorAll('th, td'); var dataCell = rowCells[columnIndex]; var data = {}; data.index = index; if (sortValue !== 'initial') { data.value = dataCell.textContent.toLowerCase().trim(); } else { data.value = rowNode.getAttribute('initial-position').toLowerCase().trim(); } if (isNumber) { data.value = parseFloat(data.value); } dataCells.push(data); rowNode = rowNode.nextElementSibling; index += 1; } dataCells.sort(compareValues); // remove rows while (tbodyNode.firstChild) { tbodyNode.removeChild(tbodyNode.lastChild); } // add sorted rows for (var i = 0; i < dataCells.length; i += 1) { let pos = [dataCells[i].index]; if (sortValue === "initial") { rowNodes[pos].classList.remove("sorted"); } else { rowNodes[pos].classList.add("sorted"); } tbodyNode.appendChild(rowNodes[pos]); } } /* EVENT HANDLERS */ handleClick(event) { var tgt = event.currentTarget; this.setColumnHeaderSort(tgt.getAttribute('data-column-index')); } handleOptionChange(event) { var tgt = event.currentTarget; if (tgt.checked) { this.tableNode.classList.add('show-unsorted-icon'); } else { this.tableNode.classList.remove('show-unsorted-icon'); } }}$(document).ready(function() { load(); });;}());

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