Industrial producer prices up by 0.6% in the euro area and by 0.4% in the EU (2025)

Euro indicators 3 October 2024 Next release: 6 November 2024

August 2024 compared with July 2024

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Down by 2.3% in the euro area and by 2.1% in the EU compared with August 2023

Overview

In August 2024, compared with July 2024, industrial producer prices increased by 0.6% in the euro area and by 0.4% in the EU, according to first estimates from Eurostat, the statistical office of the European Union. In July 2024, industrial producer prices grew by 0.7% in the euro area and by 0.8% in the EU.

In August 2024, compared with August 2023, industrial producer prices decreased by 2.3% the euro area and by 2.1% in the EU.

Industrial producer prices up by 0.6% in the euro area and by 0.4% in the EU (1)

Monthly comparison by main industrial grouping and by Member State

In the euro area in August 2024, compared with July 2024, industrial producer prices

  • decreased by 0.1% for intermediate goods,

  • increased by 1.9% for energy,

  • increased by 0.1% for capital goods,

  • remained stable for durable consumer goods,

  • remained stable for non-durable consumer goods.

Prices in total industry excluding energy decreased by 0.1%.

In the EU, industrial producer prices

  • decreased by 0.1% for intermediate goods,

  • increased by 1.1% for energy,

  • increased by 0.2% for capital goods,

  • decreased by 0.1% for durable consumer goods,

  • increased by 0.1% for non-durable consumer goods.

Prices in total industry excluding energy remained stable.

The highest monthly increases in industrial producer prices were recorded in Estonia (+2.2%), Greece (+1.7%) and Spain (+1.5%). The largest decreases were observed in Ireland (-3.8%), Lithuania (-1.7%) and Romania (-1.6%).

Annual comparison by main industrial grouping and by Member State

In the euro area in August 2024, compared with August 2023, industrial producer prices

  • decreased by 0.8% for intermediate goods,

  • decreased by 7.7% for energy,

  • increased by 1.4% for capital goods,

  • increased by 0.3% for durable consumer goods,

  • increased by 1.1% for non-durable consumer goods.

Prices in total industry excluding energy increased by 0.3%.

In the EU, industrial producer prices

  • decreased by 0.8% for intermediate goods,

  • decreased by 7.0% for energy,

  • increased by 1.7% for capital goods,

  • increased by 0.1% for durable consumer goods,

  • increased by 1.0% for non-durable consumer goods.

Prices in total industry excluding energy increased by 0.4%.

The largest annual decreases in industrial producer prices were recorded in Slovakia (-18.3%), Luxembourg (-6.9%) and France (-6.3%). The highest increases were observed in Romania (+2.8%), Bulgaria and Portugal (both +1.9%) and Estonia (+1.7%).

Tables

Industrial producer prices on the domestic market

% change compared with previous month

Mar-24

Apr-24

May-24

Jun-24

Jul-24

Aug-24

Euro area

Total industry

-0.6

-0.9

-0.2

0.6

0.7

0.6

Total industry excluding energy

0.3

0.2

0.2

0.1

0.0

-0.1

Intermediate goods

0.2

0.3

0.1

0.1

0.0

-0.1

Energy

-2.4

-3.7

-1.1

1.7

2.6

1.9

Capital goods

0.1

0.1

0.2

0.1

0.0

0.1

Durable consumer goods

0.2

0.2

-0.3

0.0

-0.1

0.0

Non-durable consumer goods

0.5

0.2

0.2

0.1

0.0

0.0

EU

Total industry

-0.6

-0.7

-0.2

0.5

0.8

0.4

Total industry excluding energy

0.3

0.2

0.2

0.1

0.0

0.0

Intermediate goods

0.3

0.3

0.1

0.0

0.0

-0.1

Energy

-2.5

-2.6

-1.2

1.6

2.5

1.1

Capital goods

0.1

0.2

0.1

0.1

0.0

0.2

Durable consumer goods

0.2

0.2

-0.3

0.1

-0.1

-0.1

Non-durable consumer goods

0.5

0.2

0.2

0.2

-0.1

0.1

Source dataset: sts_inppd_m

Industrial producer prices up by 0.6% in the euro area and by 0.4% in the EU (2)

Industrial producer prices on the domestic market

% change compared with previous month

Mar-24

Apr-24

May-24

Jun-24

Jul-24

Aug-24

Euro area

-0.6

-0.9

-0.2

0.6

0.7

0.6

EU

-0.6

-0.7

-0.2

0.5

0.8

0.4

Belgium

0.2

0.3

-0.9

0.6

0.2

-0.1

Bulgaria

-3.4

-0.8

4.5

-1.0

3.6

1.0

Czechia

0.0

0.2

-1.2

-0.3

0.5

-0.4

Denmark

-2.3

2.8

-0.7

1.4

0.1

1.3

Germany

0.2

0.2

-0.1

0.1

0.2

0.2

Estonia

-0.9

-0.3

2.1

2.2

0.0

2.2

Ireland

0.9

0.8

7.7

-0.1

1.1

-3.8

Greece

-2.3

-1.8

-2.9

1.8

2.9

1.7

Spain

-2.2

-0.3

0.9

2.2

1.5

1.5

France

-1.2

-3.6

-1.7

-0.3

0.3

0.2

Croatia

0.2

-1.9

-4.1

0.9

1.7

-0.5

Italy

-0.4

-1.4

0.3

1.0

2.0

1.2

Cyprus

-0.6

0.2

1.2

0.1

1.0

0.0

Latvia

-1.1

-0.1

0.4

0.4

-0.5

0.4

Lithuania

-2.0

0.0

-1.6

0.5

0.7

-1.7

Luxembourg

-0.4

-4.1

0.0

-0.1

0.1

-0.3

Hungary

-0.3

-0.3

-0.9

1.2

2.0

0.2

Malta

0.0

0.0

-0.1

0.0

0.0

0.0

Netherlands

0.2

-0.7

-0.5

0.2

-0.3

-0.1

Austria

-1.3

-0.8

0.3

0.2

-0.2

0.5

Poland

-0.3

0.2

-0.2

0.6

0.2

-0.7

Portugal

-0.5

-0.3

0.3

1.6

1.3

-0.1

Romania

-2.6

-0.2

0.6

1.9

2.5

-1.6

Slovenia

-0.1

0.1

0.1

-0.2

0.1

0.2

Slovakia

-0.5

-0.5

0.5

1.4

1.9

0.4

Finland

-0.4

0.3

-0.9

-0.3

-0.7

-0.9

Sweden

0.9

-0.6

-1.8

-0.1

-0.9

-0.7

Norway

1.2

0.0

-1.7

-0.2

0.4

-0.8

Switzerland

0.1

0.0

0.4

0.0

0.3

-0.4

Source dataset: sts_inppd_m

Industrial producer prices up by 0.6% in the euro area and by 0.4% in the EU (3)

Industrial producer prices on the domestic market

% change compared with same month of previous year

Mar-24

Apr-24

May-24

Jun-24

Jul-24

Aug-24

Euro area

Total industry

-7.7

-5.6

-4.2

-3.3

-2.2

-2.3

Total industry excluding energy

-1.3

-1.0

-0.5

-0.2

0.3

0.3

Intermediate goods

-4.9

-3.9

-3.1

-2.3

-1.1

-0.8

Energy

-20.4

-15.0

-11.8

-9.8

-7.3

-7.7

Capital goods

1.9

1.5

1.7

1.6

1.4

1.4

Durable consumer goods

1.1

1.2

0.6

0.7

0.3

0.3

Non-durable consumer goods

1.1

0.7

1.0

1.1

1.1

1.1

EU

Total industry

-7.5

-5.5

-4.0

-3.2

-1.9

-2.1

Total industry excluding energy

-1.4

-1.2

-0.6

-0.3

0.3

0.4

Intermediate goods

-5.0

-4.1

-3.1

-2.3

-1.2

-0.8

Energy

-19.0

-13.7

-10.5

-8.7

-6.1

-7.0

Capital goods

1.9

1.7

1.7

1.7

1.5

1.7

Durable consumer goods

0.5

0.6

0.2

0.3

0.2

0.1

Non-durable consumer goods

0.7

0.5

0.7

0.9

0.9

1.0

Source dataset: sts_inppd_m

Industrial producer prices up by 0.6% in the euro area and by 0.4% in the EU (4)

Industrial producer prices on the domestic market

% change compared with same month of previous year

Mar-24

Apr-24

May-24

Jun-24

Jul-24

Aug-24

Euro area

-7.7

-5.6

-4.2

-3.3

-2.2

-2.3

EU

-7.5

-5.5

-4.0

-3.2

-1.9

-2.1

Belgium

-10.4

-3.0

-2.7

-1.3

-0.5

-1.3

Bulgaria

-12.8

-10.6

-4.2

-2.8

0.9

1.9

Czechia

0.0

1.4

1.0

1.0

1.7

1.2

Denmark

-6.9

-4.4

-4.2

-2.9

-1.7

-0.8

Germany

-2.9

-3.2

-2.3

-1.9

-1.1

-1.1

Estonia

-7.7

-7.0

-3.8

-2.3

-0.7

1.7

Ireland

-19.8

-13.7

0.4

-3.5

6.1

-1.6

Greece

-1.3

-3.3

-3.8

-2.4

-0.5

-0.7

Spain

-8.2

-6.7

-4.5

-3.2

-1.6

-1.3

France

-8.2

-6.6

-6.9

-6.1

-5.7

-6.3

Croatia

-2.0

-2.0

-4.4

-4.8

-4.5

-5.6

Italy

-12.7

-8.0

-4.9

-3.5

-1.6

-1.1

Cyprus

-4.2

-4.2

-2.3

-2.1

-0.5

-0.3

Latvia

-12.1

-9.2

-6.7

-4.0

-6.4

-5.6

Lithuania

-5.4

-2.5

-1.8

-1.1

-0.9

-3.6

Luxembourg

-14.9

-11.1

-10.8

-10.6

-6.7

-6.9

Hungary

-5.4

-5.0

-3.9

-0.3

1.3

1.2

Malta

0.7

0.8

0.5

0.2

0.2

0.2

Netherlands

-8.1

-5.2

-4.0

-3.4

-1.3

-2.6

Austria

-10.3

-8.6

-6.5

-5.1

-4.5

-4.5

Poland

-9.9

-8.3

-6.8

-5.7

-4.3

-4.9

Portugal

-1.7

-1.1

0.4

2.5

2.0

1.9

Romania

-11.0

-5.7

-2.2

0.9

2.5

2.8

Slovenia

-3.7

-3.8

-3.1

-2.7

-2.8

-1.9

Slovakia

-24.6

-22.8

-20.7

-19.0

-18.9

-18.3

Finland

-4.3

-2.1

0.0

-0.9

-1.0

-4.2

Sweden

-0.4

0.6

1.3

-0.1

1.0

0.3

Norway

2.8

3.1

2.8

2.4

3.1

1.5

Switzerland

1.6

1.6

1.0

0.8

1.0

0.4

Source dataset: sts_inppd_m

Industrial producer prices up by 0.6% in the euro area and by 0.4% in the EU (5)

Industrial producer prices indices on the domestic market for total industry
(base year 2021)

Mar-24

Apr-24

May-24

Jun-24

Jul-24

Aug-24

Euro area

124.0

122.9

122.6

123.3

124.2

124.9

EU

125.5

124.6

124.3

124.9

125.9

126.4

Belgium

117.6

117.9

116.8

117.5

117.7

117.6

Bulgaria

117.7

116.7

122.0

120.8

125.1

126.3

Czechia

132.4

132.7

131.1

130.7

131.4

130.9

Denmark

136.9

140.8

139.8

141.7

141.9

143.8

Germany

128.2

128.4

128.3

128.4

128.6

128.9

Estonia

126.9

126.5

129.1

132.0

132.0

134.9

Ireland

88.9

89.6

96.5

96.4

97.5

93.8

Greece

121.2

119.0

115.5

117.6

121.0

123.1

Spain

120.3

119.9

121.0

123.7

125.6

127.5

France

126.7

122.2

120.1

119.7

120.0

120.2

Croatia

132.7

130.2

124.8

125.9

128.0

127.4

Italy

121.3

119.6

119.9

121.1

123.5

125.0

Cyprus

123.8

124.0

125.5

125.6

126.8

126.8

Latvia

139.8

139.6

140.2

140.8

140.1

140.6

Lithuania

137.8

137.8

135.6

136.3

137.3

135.0

Luxembourg

158.8

152.3

152.3

152.2

152.4

151.9

Hungary

180.3

179.8

178.2

180.4

184.0

184.4

Malta

108.9

108.9

108.8

108.8

108.8

108.8

Netherlands

122.9

122.0

121.4

121.7

121.3

121.2

Austria

120.9

119.9

120.2

120.4

120.2

120.8

Poland

125.0

125.3

125.0

125.8

126.1

125.2

Portugal

117.5

117.1

117.4

119.3

120.8

120.7

Romania

155.0

154.7

155.6

158.5

162.4

159.8

Slovenia

130.1

130.2

130.3

130.1

130.2

130.4

Slovakia

132.1

131.4

132.1

134.0

136.5

137.1

Finland

118.1

118.5

117.4

117.0

116.2

115.2

Sweden

118.6

117.9

115.8

115.7

114.7

113.9

Norway

138.3

138.3

135.9

135.6

136.1

135.0

Switzerland

112.6

112.6

113.1

113.1

113.4

113.0

Source dataset: sts_inppd_m

Industrial producer prices up by 0.6% in the euro area and by 0.4% in the EU (6)

Industrial producer prices indices on the domestic market for total industry

excluding energy (base year 2021)

Mar-24

Apr-24

May-24

Jun-24

Jul-24

Aug-24

Euro area

117.7

117.9

118.1

118.2

118.2

118.1

EU

118.0

118.2

118.4

118.5

118.5

118.5

Belgium

121.8

122.8

122.3

122.9

122.3

122.7

Bulgaria

129.2

129.8

130.2

130.3

130.3

129.6

Czechia

120.3

120.4

119.7

119.6

120.3

120.2

Denmark

117.9

118.0

118.1

118.0

118.2

118.5

Germany

118.6

118.9

119.1

119.2

119.2

119.2

Estonia

118.9

120.3

120.5

120.3

119.4

120.7

Ireland

111.9

111.9

111.9

111.6

111.7

111.7

Greece

112.8

113.2

113.3

113.3

113.4

113.6

Spain

118.4

118.3

118.5

118.6

118.3

118.0

France

117.1

117.1

117.4

117.4

117.5

117.5

Croatia

116.0

116.2

116.1

116.8

116.8

117.0

Italy

114.2

114.4

114.5

114.6

114.7

114.7

Cyprus

119.5

119.6

119.6

119.7

119.9

119.9

Latvia

127.2

127.6

127.7

127.5

127.4

127.4

Lithuania

124.0

124.6

123.7

123.6

123.4

123.6

Luxembourg

116.0

116.4

116.4

116.3

116.6

116.0

Hungary

141.5

141.6

141.8

142.5

142.9

143.6

Malta

119.5

119.5

119.3

119.4

119.4

119.4

Netherlands

119.9

120.0

119.7

119.7

119.7

119.7

Austria

116.0

116.4

116.8

116.8

116.8

116.6

Poland

115.0

114.8

114.8

115.2

115.0

114.9

Portugal

121.4

121.9

122.1

122.3

122.6

122.2

Romania

127.1

127.5

127.7

128.0

127.9

128.2

Slovenia

123.6

123.7

124.1

123.7

123.6

123.9

Slovakia

117.4

117.2

117.9

117.7

118.0

117.7

Finland

117.1

117.4

117.9

117.9

117.7

117.9

Sweden

122.1

123.2

124.5

124.3

123.9

124.1

Norway

129.2

129.9

130.1

130.1

130.8

130.8

Switzerland

108.0

107.9

108.0

108.1

108.2

108.1

Source dataset: sts_inppd_m

Industrial producer prices up by 0.6% in the euro area and by 0.4% in the EU (7)

Notes for users

Revisions and timetable

Compared with data issued in the News Release of 4 September 2024, the monthly percentage increase for July 2024 has been revised from +0.8% to +0.7% in the euro area and remained unchanged at +0.8% in the EU. The annual percentage decrease has been revised from -2.1% to -2.2% in the euro area and remained unchanged at -1.9% in the EU.

Methods and definitions

The index of producer prices shows (in the national currency of the country concerned) changes in the ex-works sale prices of all products sold on the domestic market, excluding imports. Euro area and EU indices refer to overall weighted price changes. The figures are not calendar day or seasonally adjusted.

Total industry covers NACE rev.2 sections B to D + E36.

Starting with reference period January 2024, the base year of the data has been changed to 2021, since 2018 the base year had been 2015. More information on the reasons for and impact of the base year change can be found in the related Statistics Explained article.

Geographical information

The euro area (EA20) includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

The European Union (EU27) includes Belgium, Bulgaria, Czechia, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland and Sweden.

For more information

  • Eurostat database section on short-term business statistics

  • Statistics Explained article on the industrial producer price index

  • The weights of the Member States in the EU and euro area aggregates
    (See file Base year 2021 weights - Euro indicators releases)

  • Euro indicators dashboard

  • Release calendar for Euro indicators

  • European Statistics Code of Practice

Get in touch

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Phone: (+352) 4301 33 408

E-mail: eurostat-mediasupport@ec.europa.eu

Further information on data

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'; /** Retrieve the order from the tooltip option */ var sortOrder = option.tooltip.order; /** Sort the 'params' array based on the 'sortOrder' parameter. */ switch (sortOrder) { /** Sort by series name in ascending order. */ case 'seriesAsc': params = params.sort((a, b) => a.seriesName.localeCompare(b.seriesName)); break; /** Sort by series name in descending order. */ case 'seriesDesc': params = params.sort((a, b) => b.seriesName.localeCompare(a.seriesName)); break; /** Sort by numerical value in ascending order. */ case 'valueAsc': params = params.sort((a, b) => parseFloat(a.value) - parseFloat(b.value)); break; /** Sort by numerical value in descending order. */ case 'valueDesc': params = params.sort((a, b) => parseFloat(b.value) - parseFloat(a.value)); break; /** Reverse the current order. */ case 'reverse': params.reverse(); break; default: break; } /** Iterate over each series in the tooltip parameters */ for (var i = 0; i < params.length; i++) { /** Retrieve the name and value of the current series */ var seriesName = params[i].seriesName; var value = params[i].value; /** Replace every specific apostrphe by simple one. */ seriesName = seriesName.replaceAll("’", "'"); /** Convert the numeric value to its string representation. */ var strValue = String(value); /** Retrieve the axis used as value */ var axis = option.yAxis.type === 'value' ? option.yAxis : option.xAxis; /** Initialize the number of decimal places */ var decimals = option.tooltip.decimals; /** Check if decimals configuration is set to default and the value contains decimal places */ if (!decimals && strValue.indexOf('.') > -1) { /** Calculate the number of decimal places */ decimals = strValue.substring(strValue.indexOf('.'), strValue.length - 1).length; } else { /** If there are no decimal places, format the value with 1 decimal place */ decimals = decimals ? decimals : 1; /** Convert the value to a fixed-point notation string with a specified number of decimal places. */ value = Number(value).toFixed(decimals); } /** Convert -0 value to 0 with the specified or calculated number of decimal places.*/ if (Number(value) == -0) { value = (Number(value) + 0).toFixed(decimals); } /** Extract the unit from within the axis label */ var unit = axis.axisLabel.unit ? axis.axisLabel.unit : ''; /** Format the value using the appropriate number of decimal places */ value = isNaN(value) ? 'N/A' : Number(value).toLocaleString(option.lang ? option.lang : 'en', { minimumFractionDigits: decimals }) + unit; /** Retrieve the color of the current series */ const color = params[i].color; /** * Add the series name and value to the tooltip content * Use a circle icon with the series color */ tooltipContent += '

' + '' + '' + '' + seriesName + '' + '' + '' + value + '' + '

'; } /** Close the tooltip content container */ tooltipContent += '

'; /** Return the formatted tooltip content */ return tooltipContent; }}/* * This content is licensed according to the W3C Software License at * https://www.w3.org/Consortium/Legal/2015/copyright-software-and-document * * File: sortable-table.js * * Desc: Adds sorting to a HTML data table that implements ARIA Authoring Practices */'use strict';class SortableTable { constructor(tableNode) { this.tableNode = tableNode; this.columnHeaders = tableNode.querySelectorAll('thead th.sortable'); this.sortColumns = []; for (var i = 0; i < this.columnHeaders.length; i++) { var ch = this.columnHeaders[i]; var buttonNode = ch.querySelector('button'); if (buttonNode) { this.sortColumns.push(i); // buttonNode.setAttribute('data-column-index', i); // buttonNode.addEventListener('click', this.handleClick.bind(this)); ch.setAttribute('data-column-index', i); ch.addEventListener('click', this.handleClick.bind(this)); } } this.optionCheckbox = document.querySelector( 'input[type="checkbox"][value="show-unsorted-icon"]' ); if (this.optionCheckbox) { this.optionCheckbox.addEventListener( 'change', this.handleOptionChange.bind(this) ); if (this.optionCheckbox.checked) { this.tableNode.classList.add('show-unsorted-icon'); } } } setColumnHeaderSort(columnIndex) { if (typeof columnIndex === 'string') { columnIndex = parseInt(columnIndex); } for (var i = 0; i < this.columnHeaders.length; i++) { var ch = this.columnHeaders[i]; var buttonNode = ch.querySelector('button'); if (i === columnIndex) { var value = ch.getAttribute('aria-sort'); if (value === 'ascending') { ch.setAttribute('aria-sort', 'descending'); this.sortColumn( columnIndex, 'descending', ch.classList.contains('num')); } else if (value === 'descending') { ch.removeAttribute('aria-sort'); this.sortColumn( columnIndex, 'initial', true ); } else { ch.setAttribute('aria-sort', 'ascending'); this.sortColumn( columnIndex, 'ascending', ch.classList.contains('num') ); } } else { if (ch.hasAttribute('aria-sort') && buttonNode) { ch.removeAttribute('aria-sort'); } } } } sortColumn(columnIndex, sortValue, isNumber) { function compareValues(a, b) { if (a.value === b.value) return 0; if (sortValue === 'descending') { return isNumber ? b.value - a.value : (a.value > b.value ? -1 : 1); } else { return isNumber ? a.value - b.value : (a.value < b.value ? -1 : 1); } } if (typeof isNumber !== 'boolean') { isNumber = false; } var tbodyNode = this.tableNode.querySelector('tbody'); var rowNodes = []; var dataCells = []; var rowNode = tbodyNode.firstElementChild; var index = 0; while (rowNode) { rowNodes.push(rowNode); var rowCells = rowNode.querySelectorAll('th, td'); var dataCell = rowCells[columnIndex]; var data = {}; data.index = index; if (sortValue !== 'initial') { data.value = dataCell.textContent.toLowerCase().trim(); } else { data.value = rowNode.getAttribute('initial-position').toLowerCase().trim(); } if (isNumber) { data.value = parseFloat(data.value); } dataCells.push(data); rowNode = rowNode.nextElementSibling; index += 1; } dataCells.sort(compareValues); // remove rows while (tbodyNode.firstChild) { tbodyNode.removeChild(tbodyNode.lastChild); } // add sorted rows for (var i = 0; i < dataCells.length; i += 1) { let pos = [dataCells[i].index]; if (sortValue === "initial") { rowNodes[pos].classList.remove("sorted"); } else { rowNodes[pos].classList.add("sorted"); } tbodyNode.appendChild(rowNodes[pos]); } } /* EVENT HANDLERS */ handleClick(event) { var tgt = event.currentTarget; this.setColumnHeaderSort(tgt.getAttribute('data-column-index')); } handleOptionChange(event) { var tgt = event.currentTarget; if (tgt.checked) { this.tableNode.classList.add('show-unsorted-icon'); } else { this.tableNode.classList.remove('show-unsorted-icon'); } }}$(document).ready(function() { load(); });;}());

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