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- Eurozone industrial producer prices fell more than expected in February
Eurozone industrial producer prices fell more than expected in February
According to the report from Eurostat, in February 2020, - the month before COVID-19 containment measures began to be widely introduced by Member States -, industrial producer prices decreased by 0.6% in both the euro area and the EU, compared with January 2020. Economists had expected a 0.2% decrease. In January 2020, prices increased by 0.2% in both the euro area and the EU.
In February 2020, compared with February 2019, industrial producer prices decreased by 1.3% in the euro area and by 1.0% in the EU. Economists had expected a 0.7% decrease.
Industrial producer prices in the euro area in February 2020, compared with January 2020, decreased by 2.3% in the energy sector and by 0.2% for intermediate goods, while prices rose by 0.1% for capital goods and by 0.2% for durable consumer goods and for non durable consumer goods. Prices in total industry excluding energy remained stable.
In the EU, industrial producer prices decreased by 2.4% in the energy sector and by 0.2% for intermediate goods, while prices rose by 0.1% for capital goods and for non-durable consumer goods and by 0.3% for durable consumer goods. Prices in total industry excluding energy remained stable.
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