Industrial output prices grow in November with 4% in the euro area

Industrial production prices rose in November with 4% in the euro area and in the European Union, compared to the same period in 2017, according to data released yesterday by the European Statistics Office (Eurostat).

Most countries reported increases in industrial producer prices in November, with most significant advances being recorded in Belgium (9.3%), Denmark (9.2%) and Estonia (8.6%), followed by Latvia and Hungary 6.9%), Cyprus (6.8%), Sweden (6.7%), Slovakia (5.9%) and Romania (5.8%). The only decrease was recorded in Ireland (minus 0.6%).

According to Eurostat data, industrial production prices decreased by 0.3% in the euro area and by 0.4% in the EU in November compared to the previous month.

The largest monthly increases in industrial producer prices were reported in Estonia (1.7%), Denmark (1.2%) and Sweden (0.8%), and the most significant decline in Greece (minus 2.7% ), The Netherlands (minus 1.4%), Lithuania and the UK (both minus 1.3%).

Frimu Ghinea

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