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- Eurozone's industrial producer prices down by 0.6% in May
Eurozone's industrial producer prices down by 0.6% in May
According to the report from Eurostat, in May 2020, a third month still marked by COVID-19 containment measures in most Member States, industrial producer prices fell, compared with April 2020, by 0.6% in the euro area and by 0.5% in the EU. Economists had expected a 0.5% decrease in the euro area. In April 2020, prices decreased by 2.0% in the euro area and by 1.9% in the EU.
In May 2020, compared with May 2019, industrial producer prices decreased by 5.0% in the euro area and by 4.6% in the EU.
Industrial producer prices in the euro area in May 2020, compared with April 2020, decreased by 1.4% in the energy sector, by 0.6% for non-durable consumer goods and by 0.4% for intermediate goods, while prices remained stable for capital goods and for durable consumer goods. Prices in total industry excluding energy decreased by 0.3%. In the EU, industrial producer prices decreased by 1.2% in the energy sector, by 0.6% for non-durable consumer goods and by 0.4% for intermediate goods, while prices remained stable for capital goods and for durable consumer goods. Prices in total industry excluding energy decreased by 0.4%.
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