Industrial producer prices up by 0.8% in both the euro area and the EU
Overview
In July 2024, compared with June 2024, industrial producer prices increased by 0.8% in both the euro area and the EU, according to first estimates from Eurostat, the statistical office of the European Union. In June 2024, industrial producer prices grew by 0.6% in both the euro area and the EU.
In July 2024, compared with July 2023, industrial producer prices decreased by 2.1% the euro area and by 1.9% in the EU.
Monthly comparison by main industrial grouping and by Member State
In the euro area in July 2024, compared with June 2024, industrial producer prices
decreased by 0.1% for intermediate goods,
increased by 2.8% for energy,
remained stable for capital goods,
decreased by 0.1% for durable consumer goods,
decreased by 0.1% for non-durable consumer goods.
Prices in total industry excluding energy decreased by 0.1%.
In the EU, industrial producer prices
remained stable for intermediate goods,
increased by 2.5% for energy,
remained stable for capital goods,
decreased by 0.1% for durable consumer goods,
remained stable for non-durable consumer goods.
Prices in total industry excluding energy decreased by 0.1%.
The highest monthly increases in industrial producer prices were recorded in Bulgaria (+3.6%), Greece (+2.9%) and Romania (+2.7%). The highest decreases were observed in Sweden (-0.9%), Finland (-0.7%) and Austria (-0.2%).
Annual comparison by main industrial grouping and by Member State
In the euro area in July 2024, compared with July 2023, industrial producer prices
decreased by 1.2% for intermediate goods,
decreased by 6.9% for energy,
increased by 1.4% for capital goods,
increased by 0.3% for durable consumer goods,
increased by 1.0% for non-durable consumer goods.
Prices in total industry excluding energy increased by 0.2%.
In the EU, industrial producer prices
decreased by 1.2% for intermediate goods,
decreased by 5.9% for energy,
increased by 1.5% for capital goods,
increased by 0.2% for durable consumer goods,
increased by 0.9% for non-durable consumer goods.
Prices in total industry excluding energy increased by 0.2%.
The largest annual decreases in industrial producer prices were recorded in Slovakia (-18.9%), Luxembourg (-6.7%) and Latvia (-6.0%). The highest increases were observed in Ireland (+6.1%), Romania (+2.7%) and Portugal (+2.0%).
Tables
Feb-24 |
Mar-24 |
Apr-24 |
May-24 |
Jun-24 |
Jul-24 |
|
|---|---|---|---|---|---|---|
Euro area |
||||||
Total industry |
-1.0 |
-0.6 |
-0.9 |
-0.2 |
0.6 |
0.8 |
Total industry excluding energy |
0.1 |
0.3 |
0.2 |
0.2 |
0.1 |
-0.1 |
Intermediate goods |
0.0 |
0.2 |
0.3 |
0.1 |
0.1 |
-0.1 |
Energy |
-3.6 |
-2.4 |
-3.7 |
-1.0 |
1.8 |
2.8 |
Capital goods |
0.3 |
0.1 |
0.1 |
0.2 |
0.1 |
0.0 |
Durable consumer goods |
0.4 |
0.2 |
0.2 |
-0.3 |
0.0 |
-0.1 |
Non-durable consumer goods |
0.1 |
0.5 |
0.2 |
0.2 |
0.1 |
-0.1 |
EU |
|
|
|
|
|
|
Total industry |
-0.9 |
-0.6 |
-0.7 |
-0.2 |
0.6 |
0.8 |
Total industry excluding energy |
0.1 |
0.3 |
0.2 |
0.2 |
0.1 |
-0.1 |
Intermediate goods |
0.0 |
0.3 |
0.3 |
0.1 |
0.0 |
0.0 |
Energy |
-3.2 |
-2.5 |
-2.6 |
-1.2 |
1.7 |
2.5 |
Capital goods |
0.3 |
0.1 |
0.2 |
0.1 |
0.1 |
0.0 |
Durable consumer goods |
0.3 |
0.2 |
0.2 |
-0.3 |
0.1 |
-0.1 |
Non-durable consumer goods |
0.1 |
0.5 |
0.2 |
0.2 |
0.1 |
0.0 |
Feb-24 |
Mar-24 |
Apr-24 |
May-24 |
Jun-24 |
Jul-24 |
|
|---|---|---|---|---|---|---|
Euro area |
-1.0 |
-0.6 |
-0.9 |
-0.2 |
0.6 |
0.8 |
EU |
-0.9 |
-0.6 |
-0.7 |
-0.2 |
0.6 |
0.8 |
Belgium |
1.3 |
0.2 |
0.3 |
-0.9 |
0.6 |
0.2 |
Bulgaria |
-1.5 |
-3.4 |
-0.8 |
4.5 |
-1.0 |
3.6 |
Czechia |
0.5 |
0.0 |
0.2 |
-1.2 |
-0.3 |
0.5 |
Denmark |
-2.8 |
-2.3 |
2.8 |
-0.7 |
1.4 |
0.1 |
Germany |
-0.4 |
0.2 |
0.2 |
-0.1 |
0.1 |
0.2 |
Estonia |
-7.2 |
-0.9 |
-0.3 |
2.1 |
2.2 |
0.0 |
Ireland |
-4.2 |
0.9 |
0.8 |
7.7 |
-0.1 |
1.1 |
Greece |
-1.6 |
-2.3 |
-1.8 |
-2.9 |
1.8 |
2.9 |
Spain |
-2.6 |
-2.2 |
-0.3 |
0.9 |
2.2 |
1.7 |
France |
-1.5 |
-1.2 |
-3.6 |
-1.6 |
-0.2 |
0.2 |
Croatia |
0.1 |
0.2 |
-1.9 |
-4.1 |
0.9 |
1.7 |
Italy |
-1.5 |
-0.4 |
-1.4 |
0.3 |
1.0 |
2.0 |
Cyprus |
0.0 |
-0.6 |
0.2 |
1.1 |
0.2 |
1.0 |
Latvia |
-3.0 |
-1.1 |
-0.1 |
0.4 |
0.4 |
-0.1 |
Lithuania |
-3.3 |
-2.0 |
0.0 |
-1.6 |
0.5 |
0.8 |
Luxembourg |
0.8 |
-0.4 |
-4.1 |
0.0 |
-0.1 |
0.1 |
Hungary |
0.7 |
-0.3 |
-0.3 |
-0.9 |
1.2 |
2.0 |
Malta |
0.0 |
0.0 |
0.0 |
-0.1 |
0.0 |
0.0 |
Netherlands |
0.1 |
0.2 |
-0.6 |
-0.4 |
0.2 |
-0.1 |
Austria |
-0.9 |
-1.3 |
-0.8 |
0.3 |
0.2 |
-0.2 |
Poland |
0.3 |
-0.3 |
0.2 |
-0.2 |
0.6 |
0.2 |
Portugal |
0.3 |
-0.5 |
-0.3 |
0.3 |
1.6 |
1.3 |
Romania |
-1.2 |
-2.6 |
-0.2 |
0.6 |
1.9 |
2.7 |
Slovenia |
-1.1 |
-0.1 |
0.1 |
0.1 |
-0.2 |
0.1 |
Slovakia |
-5.6 |
-0.5 |
-0.5 |
0.5 |
1.4 |
1.9 |
Finland |
-0.8 |
-0.4 |
0.3 |
-0.9 |
-0.3 |
-0.7 |
Sweden |
-1.3 |
0.9 |
-0.6 |
-1.8 |
-0.1 |
-0.9 |
Norway |
-0.7 |
1.2 |
0.0 |
-1.7 |
-0.2 |
0.4 |
Switzerland |
0.2 |
0.1 |
0.0 |
0.4 |
0.0 |
0.3 |
Feb-24 |
Mar-24 |
Apr-24 |
May-24 |
Jun-24 |
Jul-24 |
|
|---|---|---|---|---|---|---|
Euro area |
||||||
Total industry |
-8.3 |
-7.7 |
-5.6 |
-4.2 |
-3.3 |
-2.1 |
Total industry excluding energy |
-1.3 |
-1.3 |
-1.0 |
-0.5 |
-0.2 |
0.2 |
Intermediate goods |
-5.4 |
-4.9 |
-3.9 |
-3.1 |
-2.3 |
-1.2 |
Energy |
-21.3 |
-20.4 |
-15.0 |
-11.6 |
-9.6 |
-6.9 |
Capital goods |
2.0 |
1.9 |
1.5 |
1.7 |
1.6 |
1.4 |
Durable consumer goods |
1.3 |
1.1 |
1.2 |
0.6 |
0.7 |
0.3 |
Non-durable consumer goods |
1.3 |
1.1 |
0.7 |
1.0 |
1.1 |
1.0 |
EU |
|
|
|
|
|
|
Total industry |
-8.0 |
-7.5 |
-5.5 |
-4.0 |
-3.1 |
-1.9 |
Total industry excluding energy |
-1.5 |
-1.4 |
-1.2 |
-0.6 |
-0.3 |
0.2 |
Intermediate goods |
-5.7 |
-5.0 |
-4.1 |
-3.1 |
-2.3 |
-1.2 |
Energy |
-19.7 |
-19.0 |
-13.6 |
-10.5 |
-8.5 |
-5.9 |
Capital goods |
2.0 |
1.9 |
1.7 |
1.7 |
1.7 |
1.5 |
Durable consumer goods |
0.5 |
0.5 |
0.6 |
0.2 |
0.3 |
0.2 |
Non-durable consumer goods |
1.1 |
0.7 |
0.5 |
0.7 |
0.8 |
0.9 |
Feb-24 |
Mar-24 |
Apr-24 |
May-24 |
Jun-24 |
Jul-24 |
|
|---|---|---|---|---|---|---|
Euro area |
-8.3 |
-7.7 |
-5.6 |
-4.2 |
-3.3 |
-2.1 |
EU |
-8.0 |
-7.5 |
-5.5 |
-4.0 |
-3.1 |
-1.9 |
Belgium |
-11.0 |
-10.4 |
-3.0 |
-2.7 |
-1.3 |
-0.5 |
Bulgaria |
-12.1 |
-12.8 |
-10.6 |
-4.2 |
-2.8 |
0.9 |
Czechia |
-1.0 |
0.0 |
1.4 |
1.0 |
1.0 |
1.7 |
Denmark |
-5.9 |
-6.9 |
-4.4 |
-4.2 |
-2.9 |
-1.7 |
Germany |
-4.1 |
-2.9 |
-3.2 |
-2.3 |
-1.9 |
-1.1 |
Estonia |
-7.7 |
-7.7 |
-7.0 |
-3.8 |
-2.3 |
-0.7 |
Ireland |
-24.2 |
-19.8 |
-13.7 |
0.4 |
-3.5 |
6.1 |
Greece |
-6.3 |
-1.3 |
-3.3 |
-3.8 |
-2.4 |
-0.5 |
Spain |
-8.6 |
-8.2 |
-6.7 |
-4.5 |
-3.2 |
-1.4 |
France |
-5.3 |
-8.2 |
-6.6 |
-6.7 |
-5.9 |
-5.4 |
Croatia |
-1.7 |
-2.0 |
-2.0 |
-4.4 |
-4.8 |
-4.5 |
Italy |
-14.2 |
-12.7 |
-8.0 |
-4.9 |
-3.5 |
-1.6 |
Cyprus |
-3.7 |
-4.2 |
-4.2 |
-2.4 |
-2.1 |
-0.5 |
Latvia |
-13.6 |
-12.1 |
-9.2 |
-6.7 |
-4.0 |
-6.0 |
Lithuania |
-6.3 |
-5.4 |
-2.5 |
-1.8 |
-1.1 |
-0.9 |
Luxembourg |
-14.6 |
-14.9 |
-11.1 |
-10.8 |
-10.6 |
-6.7 |
Hungary |
-5.9 |
-5.4 |
-5.0 |
-3.9 |
-0.3 |
1.3 |
Malta |
0.7 |
0.7 |
0.8 |
0.5 |
0.2 |
0.2 |
Netherlands |
-10.1 |
-8.1 |
-5.1 |
-3.8 |
-3.3 |
-0.9 |
Austria |
-10.5 |
-10.3 |
-8.6 |
-6.5 |
-5.1 |
-4.5 |
Poland |
-10.0 |
-9.9 |
-8.3 |
-6.8 |
-5.7 |
-4.3 |
Portugal |
-2.4 |
-1.7 |
-1.1 |
0.4 |
2.5 |
2.0 |
Romania |
-9.0 |
-11.0 |
-5.7 |
-2.2 |
0.9 |
2.7 |
Slovenia |
-3.4 |
-3.7 |
-3.8 |
-3.1 |
-2.7 |
-2.8 |
Slovakia |
-25.5 |
-24.6 |
-22.8 |
-20.7 |
-19.0 |
-18.9 |
Finland |
-4.5 |
-4.3 |
-2.1 |
0.0 |
-0.9 |
-1.0 |
Sweden |
-1.5 |
-0.4 |
0.6 |
1.3 |
-0.1 |
1.0 |
Norway |
2.6 |
2.8 |
3.1 |
2.8 |
2.4 |
3.1 |
Switzerland |
1.9 |
1.6 |
1.6 |
1.0 |
0.8 |
1.0 |
Feb-24 |
Mar-24 |
Apr-24 |
May-24 |
Jun-24 |
Jul-24 |
|
|---|---|---|---|---|---|---|
Euro area |
124.7 |
124.0 |
122.9 |
122.6 |
123.3 |
124.3 |
EU |
126.2 |
125.5 |
124.6 |
124.3 |
125.0 |
126.0 |
Belgium |
117.4 |
117.6 |
117.9 |
116.8 |
117.5 |
117.7 |
Bulgaria |
121.8 |
117.7 |
116.7 |
122.0 |
120.8 |
125.1 |
Czechia |
132.4 |
132.4 |
132.7 |
131.1 |
130.7 |
131.4 |
Denmark |
140.1 |
136.9 |
140.8 |
139.8 |
141.7 |
141.9 |
Germany |
128.0 |
128.2 |
128.4 |
128.3 |
128.4 |
128.6 |
Estonia |
128.0 |
126.9 |
126.5 |
129.1 |
132.0 |
132.0 |
Ireland |
88.1 |
88.9 |
89.6 |
96.5 |
96.4 |
97.5 |
Greece |
124.0 |
121.2 |
119.0 |
115.5 |
117.6 |
121.0 |
Spain |
123.0 |
120.3 |
119.9 |
121.0 |
123.7 |
125.8 |
France |
128.3 |
126.7 |
122.2 |
120.3 |
120.0 |
120.3 |
Croatia |
132.4 |
132.7 |
130.2 |
124.8 |
125.9 |
128.0 |
Italy |
121.8 |
121.3 |
119.6 |
119.9 |
121.1 |
123.5 |
Cyprus |
124.6 |
123.8 |
124.0 |
125.4 |
125.6 |
126.8 |
Latvia |
141.4 |
139.8 |
139.6 |
140.2 |
140.8 |
140.6 |
Lithuania |
140.6 |
137.8 |
137.8 |
135.6 |
136.3 |
137.4 |
Luxembourg |
159.4 |
158.8 |
152.3 |
152.3 |
152.2 |
152.4 |
Hungary |
180.9 |
180.3 |
179.8 |
178.2 |
180.4 |
184.0 |
Malta |
108.9 |
108.9 |
108.9 |
108.8 |
108.8 |
108.8 |
Netherlands |
122.7 |
122.9 |
122.2 |
121.7 |
121.9 |
121.8 |
Austria |
122.5 |
120.9 |
119.9 |
120.2 |
120.4 |
120.2 |
Poland |
125.4 |
125.0 |
125.3 |
125.0 |
125.8 |
126.1 |
Portugal |
118.1 |
117.5 |
117.1 |
117.4 |
119.3 |
120.8 |
Romania |
159.1 |
155.0 |
154.7 |
155.6 |
158.5 |
162.8 |
Slovenia |
130.2 |
130.1 |
130.2 |
130.3 |
130.1 |
130.2 |
Slovakia |
132.7 |
132.1 |
131.4 |
132.1 |
134.0 |
136.5 |
Finland |
118.6 |
118.1 |
118.5 |
117.4 |
117.0 |
116.2 |
Sweden |
117.6 |
118.6 |
117.9 |
115.8 |
115.7 |
114.7 |
Norway |
136.7 |
138.3 |
138.3 |
135.9 |
135.6 |
136.1 |
Switzerland |
112.5 |
112.6 |
112.6 |
113.1 |
113.1 |
113.4 |
Feb-24 |
Mar-24 |
Apr-24 |
May-24 |
Jun-24 |
Jul-24 |
|
|---|---|---|---|---|---|---|
Euro area |
117.4 |
117.7 |
117.9 |
118.1 |
118.2 |
118.1 |
EU |
117.7 |
118.0 |
118.2 |
118.4 |
118.5 |
118.4 |
Belgium |
120.6 |
121.8 |
122.8 |
122.3 |
122.9 |
122.3 |
Bulgaria |
128.9 |
129.2 |
129.8 |
130.2 |
130.3 |
130.3 |
Czechia |
119.8 |
120.3 |
120.4 |
119.7 |
119.6 |
120.3 |
Denmark |
117.3 |
117.9 |
118.0 |
118.1 |
118.0 |
118.2 |
Germany |
118.3 |
118.6 |
118.9 |
119.1 |
119.2 |
119.2 |
Estonia |
118.8 |
118.9 |
120.3 |
120.5 |
120.3 |
119.4 |
Ireland |
111.7 |
111.9 |
111.9 |
111.9 |
111.6 |
111.7 |
Greece |
112.8 |
112.8 |
113.2 |
113.3 |
113.3 |
113.4 |
Spain |
118.1 |
118.4 |
118.3 |
118.5 |
118.6 |
118.3 |
France |
116.8 |
117.1 |
117.1 |
117.4 |
117.4 |
117.4 |
Croatia |
115.4 |
116.0 |
116.2 |
116.1 |
116.8 |
116.8 |
Italy |
114.1 |
114.2 |
114.4 |
114.5 |
114.6 |
114.7 |
Cyprus |
119.5 |
119.5 |
119.6 |
119.6 |
119.7 |
119.9 |
Latvia |
127.3 |
127.2 |
127.6 |
127.7 |
127.5 |
127.4 |
Lithuania |
125.1 |
124.0 |
124.6 |
123.7 |
123.6 |
123.4 |
Luxembourg |
116.9 |
116.0 |
116.4 |
116.3 |
116.2 |
116.6 |
Hungary |
140.8 |
141.5 |
141.6 |
141.8 |
142.5 |
142.9 |
Malta |
119.5 |
119.5 |
119.5 |
119.3 |
119.4 |
119.4 |
Netherlands |
119.3 |
119.9 |
120.0 |
119.8 |
119.7 |
119.6 |
Austria |
115.6 |
116.0 |
116.4 |
116.8 |
116.8 |
116.8 |
Poland |
114.8 |
115.0 |
114.8 |
114.8 |
115.2 |
115.0 |
Portugal |
121.4 |
121.4 |
121.9 |
122.1 |
122.3 |
122.6 |
Romania |
126.4 |
127.1 |
127.5 |
127.7 |
128.0 |
127.9 |
Slovenia |
123.7 |
123.6 |
123.7 |
124.1 |
123.7 |
123.6 |
Slovakia |
117.1 |
117.4 |
117.2 |
117.9 |
117.7 |
118.0 |
Finland |
116.7 |
117.1 |
117.4 |
117.9 |
117.9 |
117.7 |
Sweden |
121.7 |
122.1 |
123.2 |
124.5 |
124.3 |
123.9 |
Norway |
129.2 |
129.2 |
129.9 |
130.1 |
130.1 |
130.8 |
Switzerland |
108.0 |
108.0 |
107.9 |
108.0 |
108.1 |
108.2 |
Notes for users
Revisions and timetable
Compared with data issued in the News Release of 5 August 2024, the monthly percentage increases for June 2024 have been revised from +0.5% to +0.6% in both the euro area and the EU. The annual percentage decrease has been revised from -3.2% to -3.3% in the euro area and remained unchanged at -3.1% 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
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)
Get in touch
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