Producer prices down over 3% in eurozone, EU

By Gokhan Ergocun

ISTANBUL (AA) - The industrial producer prices in the euro area and EU posted annual declines of more than 3% in September, Eurostat said on Wednesday.

The decline was at 3.4% for the euro area and 3.3% for the 27-member bloc, the statistical authority stated.

In the euro area, producer prices dropped by 11.6% for energy, 1.3% for capital goods, 0.7% for intermediate goods, and rose by 1.5% for non-durable consumer goods, and 0.5% for durable consumer goods.

In the EU, producer prices decreased by 10.6% for energy and 0.8% for intermediate goods, while increased by 1.5% for capital goods, 1.4% for non-durable consumer goods, and 0.3% for durable consumer goods.

The largest annual decreases in industrial producer prices were seen in Slovakia (18.5%), Luxembourg (9.9%) and Latvia (7.4%) while Increases were posted by Ireland (+1.5%), Portugal (+1.0%), Czechia and Malta (both +0.6%).

On a monthly basis, producer prices went down by 0.6% both in the euro area and the EU.