Eurozone’s industrial producer prices climb in October

By Emir Yildirim

ISTANBUL (AA) - The eurozone’s industrial producer prices climbed 0.4% on a monthly basis in October, according to the first estimates of the regional statistical bureau Eurostat on Wednesday.

The rise came in after a 0.6% decrease in industrial prices in the eurozone in September.

The industrial producer prices for energy rose 1.4%, durable consumer goods 0.3%, and non-durable consumer goods 0.2%, while the industrial producer prices for intermediate goods fell 0.1% and the prices for capital goods remained stable at 0% in the eurozone.

In the EU, the industrial producer prices climbed 0.4% month-on-month in October, following a 0.6% decline in September.

The EU’s industrial producer prices for energy increased 1.1%, durable consumer goods 0.3%, and non-durable consumer goods 0.2%, while immediate goods fell 0.1%, and the industrial producer price for capital goods remained the same at 0% in October.

Estonia and Italy had the highest monthly industrial producer price hikes among the EU member states at 1%, followed by France with 0.9% and Sweden with 0.8% increases in October.

Meanwhile, Bulgaria saw the largest monthly decrease at 2.9%, with Slovakia following behind at a % and Romania with a 1.5% decline.

On a yearly basis, the eurozone’s and the EU’s industrial prices fell 3.2% and 3%, respectively.