Euro indicators 4 December 2024 Next release: 8 January 2025
October 2024 compared with September 2024

Industrial producer prices up by 0.4% in both the euro area and the EU

Down by 3.2% in the euro area and by 3.0% in the EU compared with October 2023

Overview

In October 2024, compared with September 2024, industrial producer prices increased by 0.4% in both the euro area and the EU, according to first estimates from Eurostat, the statistical office of the European Union. In September 2024, industrial producer prices fell by 0.6% in both the euro area and the EU.

In October 2024, compared with October 2023, industrial producer prices decreased by 3.2% the euro area and by 3.0% in the EU.

Monthly comparison by main industrial grouping and by Member State

In the euro area in October 2024, compared with September 2024, industrial producer prices

  • decreased by 0.1% for intermediate goods,

  • increased by 1.4% for energy,

  • remained stable for capital goods,

  • increased by 0.3% for durable consumer goods,

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

Prices in total industry excluding energy remained stable.

In the EU, industrial producer prices

  • decreased by 0.1% for intermediate goods,

  • increased by 1.1% for energy,

  • remained stable for capital goods,

  • increased by 0.3% for durable consumer goods,

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

Prices in total industry excluding energy remained stable.

Among Member States for which data are available, the highest monthly increases in industrial producer prices were recorded in Estonia and Italy (both +1.0%), France (+0.9%) and Sweden (+0.8%). The largest decreases were observed in Bulgaria (-2.9%), Slovakia (-2.0%) and Romania (-1.5%).

Annual comparison by main industrial grouping and by Member State

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

  • decreased by 0.5% for intermediate goods,

  • decreased by 11.2% for energy,

  • increased by 1.3% for capital goods,

  • increased by 0.7% for durable consumer goods,

  • increased by 1.8% for non-durable consumer goods.

Prices in total industry excluding energy increased by 0.8%.

In the EU, industrial producer prices

  • decreased by 0.6% for intermediate goods,

  • decreased by 10.2% for energy,

  • increased by 1.5% for capital goods,

  • increased by 0.4% for durable consumer goods,

  • increased by 1.7% for non-durable consumer goods.

Prices in total industry excluding energy increased by 0.7%.

Among Member States for which data are available, the largest annual decreases in industrial producer prices were recorded in Slovakia (-20.4%), Luxembourg (-6.4%) and France (-5.7%). The highest increases were observed in Czechia (+0.8%), Malta (+0.7%) and Sweden (+0.4%).

Tables

Industrial producer prices on the domestic market

% change compared with previous month

2024

May

Jun

Jul

Aug

Sep

Oct

Euro area

Total industry

-0.2

0.5

0.8

0.6

-0.6

0.4

Total industry excluding energy

0.1

0.1

-0.1

0.1

0.0

0.0

Intermediate goods

0.1

0.1

0.0

-0.1

-0.2

-0.1

Energy

-1.1

1.7

2.6

1.9

-1.9

1.4

Capital goods

0.2

0.0

0.0

0.2

0.0

0.0

Durable consumer goods

-0.3

0.0

-0.1

0.0

0.2

0.3

Non-durable consumer goods

0.2

0.1

0.0

0.0

0.2

0.2

EU

 

 

 

 

 

 

Total industry

-0.3

0.6

0.8

0.4

-0.6

0.4

Total industry excluding energy

0.2

0.1

0.0

0.0

0.0

0.0

Intermediate goods

0.1

0.0

0.0

-0.1

-0.1

-0.1

Energy

-1.2

1.6

2.5

1.1

-1.8

1.1

Capital goods

0.1

0.1

0.0

0.2

0.0

0.0

Durable consumer goods

-0.3

0.1

-0.1

-0.2

0.2

0.3

Non-durable consumer goods

0.2

0.2

-0.1

0.1

0.2

0.2

Industrial producer prices on the domestic market

% change compared with previous month

2024

May

Jun

Jul

Aug

Sep

Oct

Euro area

-0.2

0.5

0.8

0.6

-0.6

0.4

EU

-0.3

0.6

0.8

0.4

-0.6

0.4

Belgium

-0.9

0.6

0.2

-0.1

0.1

0.6

Bulgaria

4.5

-1.0

3.6

1.0

-0.6

-2.9

Czechia

-1.2

-0.3

0.5

-0.4

-0.2

0.2

Denmark

-0.7

1.4

0.1

1.3

-0.1

0.7

Germany

-0.1

0.1

0.2

0.2

-0.5

0.2

Estonia

2.1

2.2

0.0

2.2

-3.6

1.0

Ireland

7.7

-0.1

1.1

-3.8

4.8

:

Greece

-2.9

1.8

2.9

1.7

0.7

-0.7

Spain

0.9

2.2

1.5

1.4

-2.4

-0.1

France

-1.7

-0.3

0.3

0.2

-0.1

0.9

Croatia

-4.1

0.9

1.7

-0.5

-0.2

0.4

Italy

0.3

1.0

2.0

1.2

-0.8

1.0

Cyprus

1.2

0.1

0.8

0.0

-0.4

0.1

Latvia

0.4

0.4

-0.5

0.4

-1.2

0.2

Lithuania

-1.6

0.5

0.7

-1.6

-0.1

-0.2

Luxembourg

0.0

-0.1

0.1

-0.3

0.5

0.0

Hungary

-0.9

1.2

2.0

0.2

-0.2

-0.5

Malta

-0.1

0.0

0.0

0.1

0.2

0.2

Netherlands

-0.6

0.2

-0.3

0.1

0.1

0.7

Austria

0.3

0.2

-0.2

0.5

-0.2

0.2

Poland

-0.2

0.6

0.2

-0.7

-0.5

0.1

Portugal

0.3

1.6

1.3

0.0

-0.9

-0.8

Romania

0.6

1.9

2.5

-1.8

-2.4

-1.5

Slovenia

0.1

-0.2

0.1

0.2

0.2

-0.7

Slovakia

0.5

1.4

1.9

0.4

0.4

-2.0

Finland

-0.9

-0.3

-0.7

-0.9

1.0

-0.6

Sweden

-1.8

-0.1

-0.9

-0.7

-0.4

0.8

Norway

-1.7

-0.2

0.4

-0.8

0.0

1.3

Switzerland

0.4

0.0

0.3

-0.4

0.0

-0.1

Industrial producer prices on the domestic market

% change compared with same month of previous year

2024

May

Jun

Jul

Aug

Sep

Oct

Euro area

Total industry

-4.2

-3.4

-2.2

-2.3

-3.4

-3.2

Total industry excluding energy

-0.5

-0.2

0.2

0.4

0.6

0.8

Intermediate goods

-3.1

-2.3

-1.1

-0.8

-0.8

-0.5

Energy

-11.8

-9.8

-7.3

-7.7

-11.5

-11.2

Capital goods

1.7

1.5

1.3

1.4

1.3

1.3

Durable consumer goods

0.6

0.7

0.3

0.3

0.5

0.7

Non-durable consumer goods

1.0

1.1

1.1

1.1

1.5

1.8

EU

 

 

 

 

 

 

Total industry

-4.1

-3.2

-1.9

-2.1

-3.3

-3.0

Total industry excluding energy

-0.6

-0.3

0.3

0.4

0.5

0.7

Intermediate goods

-3.1

-2.3

-1.2

-0.8

-0.8

-0.6

Energy

-10.5

-8.7

-6.1

-7.0

-10.6

-10.2

Capital goods

1.7

1.7

1.5

1.7

1.5

1.5

Durable consumer goods

0.2

0.3

0.2

0.0

0.3

0.4

Non-durable consumer goods

0.7

0.9

0.9

1.0

1.5

1.7

Industrial producer prices on the domestic market

% change compared with same month of previous year

2024

May

Jun

Jul

Aug

Sep

Oct

Euro area

-4.2

-3.4

-2.2

-2.3

-3.4

-3.2

EU

-4.1

-3.2

-1.9

-2.1

-3.3

-3.0

Belgium

-2.7

-1.3

-0.5

-1.3

-1.7

-1.2

Bulgaria

-4.2

-2.8

0.9

1.9

-0.7

-3.1

Czechia

1.0

1.0

1.7

1.2

0.6

0.8

Denmark

-4.2

-2.9

-1.7

-0.8

-1.4

0.3

Germany

-2.3

-1.9

-1.1

-1.1

-1.7

-1.2

Estonia

-3.8

-2.3

-0.7

1.7

-3.5

-1.2

Ireland

0.4

-3.5

6.1

-1.6

1.5

:

Greece

-3.7

-2.4

-0.5

-0.7

-1.4

-0.2

Spain

-4.5

-3.2

-1.6

-1.4

-5.2

-3.9

France

-6.9

-6.1

-5.7

-6.2

-6.9

-5.7

Croatia

-4.4

-4.8

-4.5

-5.6

-6.3

-4.8

Italy

-4.9

-3.5

-1.6

-1.1

-2.7

-3.8

Cyprus

-2.3

-2.1

-0.6

-0.5

-0.9

-0.7

Latvia

-6.7

-4.0

-6.4

-5.6

-7.8

-4.7

Lithuania

-1.8

-1.1

-0.9

-3.5

-5.1

-4.5

Luxembourg

-14.2

-14.1

-10.3

-10.5

-9.9

-6.4

Hungary

-3.9

-0.3

1.3

1.2

-0.8

-0.7

Malta

0.5

0.2

0.2

0.3

0.6

0.7

Netherlands

-4.1

-3.6

-1.5

-2.6

-3.3

-2.6

Austria

-6.5

-5.1

-4.5

-4.5

-5.1

-4.8

Poland

-6.8

-5.7

-4.3

-4.9

-5.2

-5.1

Portugal

0.4

2.5

2.0

1.9

1.0

0.3

Romania

-2.2

0.9

2.5

2.6

-3.0

-5.1

Slovenia

-3.1

-2.7

-2.8

-1.9

-2.1

-2.5

Slovakia

-20.7

-19.0

-18.9

-18.3

-18.5

-20.4

Finland

0.0

-0.9

-1.0

-4.2

-2.3

-2.6

Sweden

1.3

-0.1

1.0

0.3

-0.3

0.4

Norway

2.8

2.4

3.1

1.5

1.1

0.7

Switzerland

1.0

0.8

1.0

0.4

0.5

0.4

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

2024

May

Jun

Jul

Aug

Sep

Oct

Euro area

122.6

123.2

124.2

124.9

124.2

124.7

EU

124.2

124.9

125.9

126.4

125.6

126.1

Belgium

116.8

117.5

117.7

117.6

117.7

118.4

Bulgaria

122.0

120.8

125.0

126.3

125.5

121.8

Czechia

131.1

130.7

131.4

130.9

130.6

130.8

Denmark

139.8

141.7

141.9

143.8

143.7

144.7

Germany

128.3

128.4

128.6

128.9

128.3

128.6

Estonia

129.1

132.0

132.0

134.9

130.0

131.3

Ireland

96.5

96.4

97.5

93.8

98.3

:

Greece

115.5

117.6

121.0

123.1

124.0

123.1

Spain

121.0

123.7

125.6

127.4

124.4

124.3

France

120.1

119.7

120.0

120.3

120.2

121.3

Croatia

124.8

125.9

128.0

127.4

127.2

127.7

Italy

119.9

121.1

123.5

125.0

124.0

125.2

Cyprus

125.5

125.6

126.6

126.6

126.1

126.2

Latvia

140.2

140.8

140.1

140.6

138.9

139.2

Lithuania

135.6

136.3

137.3

135.1

135.0

134.7

Luxembourg

146.4

146.3

146.5

146.0

146.7

146.7

Hungary

178.2

180.4

184.0

184.4

184.1

183.2

Malta

108.8

108.8

108.8

108.9

109.1

109.2

Netherlands

121.3

121.5

121.1

121.2

121.3

122.1

Austria

120.2

120.4

120.2

120.8

120.6

120.9

Poland

125.0

125.8

126.1

125.2

124.6

124.7

Portugal

117.4

119.3

120.8

120.8

119.7

118.7

Romania

155.6

158.4

162.4

159.5

155.6

153.3

Slovenia

130.3

130.1

130.2

130.4

130.6

129.7

Slovakia

132.1

134.0

136.5

137.1

137.7

134.9

Finland

117.4

117.0

116.2

115.2

116.4

115.7

Sweden

115.8

115.7

114.7

113.9

113.4

114.3

Norway

135.9

135.6

136.1

135.0

135.0

136.7

Switzerland

113.1

113.1

113.4

113.0

113.0

112.9

Industrial producer prices indices on the domestic market for total industry

excluding energy  (base year 2021)

2024

May

Jun

Jul

Aug

Sep

Oct

Euro area

118.1

118.2

118.1

118.2

118.2

118.2

EU

118.4

118.5

118.5

118.5

118.5

118.5

Belgium

122.3

122.9

122.3

122.7

122.9

123.1

Bulgaria

130.2

130.3

130.3

129.6

134.3

135.0

Czechia

119.7

119.6

120.3

120.2

120.1

120.4

Denmark

118.1

118.0

118.2

118.5

118.0

118.0

Germany

119.1

119.2

119.2

119.2

119.2

119.3

Estonia

120.5

120.3

119.4

120.7

120.8

120.7

Ireland

111.9

111.6

111.7

111.7

111.7

:

Greece

113.3

113.3

113.4

113.6

114.6

114.9

Spain

118.5

118.6

118.3

118.0

118.0

117.9

France

117.4

117.4

117.5

117.6

117.5

117.4

Croatia

116.1

116.8

116.8

117.0

116.8

117.3

Italy

114.5

114.6

114.7

114.7

114.8

114.9

Cyprus

119.6

119.7

119.9

119.9

120.1

120.4

Latvia

127.7

127.5

127.4

127.4

127.7

127.8

Lithuania

123.7

123.6

123.4

123.6

123.9

123.3

Luxembourg

116.4

116.3

116.7

116.0

117.0

117.1

Hungary

141.8

142.5

142.9

143.6

144.0

144.9

Malta

119.4

119.4

119.4

119.5

120.0

120.3

Netherlands

119.6

119.5

119.5

119.6

119.6

119.3

Austria

116.8

116.8

116.8

116.6

116.7

116.8

Poland

114.8

115.2

115.0

114.9

115.0

115.2

Portugal

122.1

122.3

122.7

122.3

121.8

121.1

Romania

127.7

128.0

127.9

128.1

128.6

128.7

Slovenia

124.1

123.7

123.6

123.9

123.9

123.5

Slovakia

117.9

117.7

118.0

117.7

117.6

117.7

Finland

117.9

117.9

117.7

117.9

117.6

117.3

Sweden

124.5

124.3

123.9

124.1

123.8

123.7

Norway

130.1

130.1

130.8

130.8

131.6

132.2

Switzerland

108.0

108.1

108.2

108.1

108.3

108.3

Notes for users

Revisions and timetable

Compared with data issued in the News Release of 6 November 2024, the monthly percentage decreases for September 2024 remained unchanged at -0.6% in both the euro area and the EU. The annual percentage decreases remained unchanged at -3.4% in the euro area and at -3.3% 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. 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.

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