Industrial producer prices down by 1.0% in the euro area and by 0.9% in the EU
Overview
In February 2024, compared with January 2024, industrial producer prices decreased by 1.0% in the euro area and by 0.9% in the EU, according to first estimates from Eurostat, the statistical office of the European Union. In January 2024, industrial producer prices fell by 0.9% in both the euro area and the EU.
In February 2024, compared with February 2023, industrial producer prices decreased by 8.3% the euro area and by 8.1% in the EU.
Monthly comparison by main industrial grouping and by Member State
In the euro area in February 2024, compared with January 2024, industrial producer prices
remained stable for intermediate goods,
decreased by 3.5% for energy,
increased by 0.2% for capital goods,
increased by 0.3% for durable consumer goods,
increased by 0.2% for non-durable consumer goods.
Prices in total industry excluding energy increased by 0.1%.
In the EU, industrial producer prices
remained stable for intermediate goods,
decreased by 3.1% for energy,
increased by 0.3% for capital goods,
increased by 0.3% for durable consumer goods,
increased by 0.2% for non-durable consumer goods.
Prices in total industry excluding energy increased by 0.1%.
The largest monthly decreases in industrial producer prices were recorded in Estonia (-7.2%), Slovakia (-5.6%) and Ireland (-4.2%). The highest increases were observed in Belgium (+1.4%), Luxembourg (+0.8%) and Hungary (+0.7%).
Annual comparison by main industrial grouping and by Member State
In the euro area in February 2024, compared with February 2023, industrial producer prices
decreased by 5.3% for intermediate goods,
decreased by 21.1% for energy,
increased by 2.0% for capital goods,
increased by 1.1% for durable consumer goods,
increased by 1.4% for non-durable consumer goods.
Prices in total industry excluding energy decreased by 1.5%.
In the EU, industrial producer prices
decreased by 5.4% for intermediate goods,
decreased by 19.6% for energy,
increased by 2.0% for capital goods,
increased by 0.4% for durable consumer goods,
increased by 1.1% for non-durable consumer goods.
Prices in total industry excluding energy decreased by 1.7%.
The largest annual decreases in industrial producer prices were recorded in Slovakia (-25.5%), Ireland (-24.2%) and Italy (-14.2%). Increases were observed in Luxembourg (+17.2%) and Malta (+0.7%).
Tables
Industrial producer prices on the domestic market % change compared with previous month |
||||||
|---|---|---|---|---|---|---|
Sep-23 |
Oct-23 |
Nov-23 |
Dec-23 |
Jan-24 |
Feb-24 |
|
Euro area |
||||||
Total industry |
0.6 |
0.2 |
-0.4 |
-0.8 |
-0.9 |
-1.0 |
Total industry excluding energy |
-0.1 |
-0.2 |
-0.2 |
-0.1 |
0.3 |
0.1 |
Intermediate goods |
-0.2 |
-0.3 |
-0.3 |
-0.3 |
0.0 |
0.0 |
Energy |
2.2 |
1.0 |
-1.1 |
-2.0 |
-3.0 |
-3.5 |
Capital goods |
0.1 |
0.0 |
0.0 |
0.0 |
0.6 |
0.2 |
Durable consumer goods |
0.0 |
0.1 |
-0.1 |
0.0 |
-0.1 |
0.3 |
Non-durable consumer goods |
-0.2 |
-0.1 |
0.0 |
0.1 |
0.2 |
0.2 |
EU |
|
|
|
|
|
|
Total industry |
0.7 |
0.1 |
-0.3 |
-0.8 |
-0.9 |
-0.9 |
Total industry excluding energy |
0.0 |
-0.2 |
-0.2 |
-0.1 |
0.2 |
0.1 |
Intermediate goods |
-0.1 |
-0.3 |
-0.4 |
-0.3 |
-0.1 |
0.0 |
Energy |
2.1 |
0.6 |
-0.6 |
-2.0 |
-2.6 |
-3.1 |
Capital goods |
0.1 |
0.0 |
0.0 |
0.0 |
0.6 |
0.3 |
Durable consumer goods |
-0.1 |
0.1 |
-0.1 |
0.0 |
-0.2 |
0.3 |
Non-durable consumer goods |
-0.2 |
-0.1 |
0.0 |
0.0 |
0.2 |
0.2 |
Industrial producer prices on the domestic market % change compared with previous month |
||||||
|---|---|---|---|---|---|---|
Sep-23 |
Oct-23 |
Nov-23 |
Dec-23 |
Jan-24 |
Feb-24 |
|
Euro area |
0.6 |
0.2 |
-0.4 |
-0.8 |
-0.9 |
-1.0 |
EU |
0.7 |
0.1 |
-0.3 |
-0.8 |
-0.9 |
-0.9 |
Belgium |
1.2 |
-0.4 |
0.2 |
0.5 |
-1.4 |
1.4 |
Bulgaria |
2.0 |
-0.6 |
0.6 |
-0.4 |
-1.8 |
-1.5 |
Czechia |
0.3 |
-0.1 |
-0.4 |
-0.5 |
2.4 |
0.5 |
Denmark |
0.5 |
-1.0 |
0.6 |
-0.8 |
0.1 |
-2.8 |
Germany |
0.2 |
-0.3 |
-0.5 |
-0.9 |
0.2 |
-0.4 |
Estonia |
1.6 |
-1.3 |
0.1 |
-1.4 |
5.3 |
-7.2 |
Ireland |
1.6 |
5.0 |
-1.0 |
-12.0 |
4.0 |
-4.2 |
Greece |
1.5 |
-1.9 |
0.3 |
1.1 |
0.7 |
-1.6 |
Spain |
1.5 |
-1.4 |
-2.2 |
-0.3 |
0.2 |
-2.2 |
France |
0.6 |
-0.3 |
2.3 |
-0.2 |
-1.0 |
-1.7 |
Croatia |
0.5 |
-1.1 |
0.1 |
-0.6 |
-0.9 |
0.1 |
Italy |
0.8 |
2.2 |
-1.5 |
-1.2 |
-2.5 |
-1.5 |
Cyprus |
0.0 |
-0.1 |
-0.5 |
0.1 |
-1.3 |
0.0 |
Latvia |
1.2 |
-3.1 |
0.1 |
-1.5 |
1.2 |
-2.4 |
Lithuania |
1.6 |
-0.8 |
-2.1 |
-1.2 |
6.5 |
-3.4 |
Luxembourg |
0.1 |
-4.6 |
-0.3 |
0.3 |
-0.8 |
0.8 |
Hungary |
1.8 |
-0.6 |
-0.8 |
-0.7 |
-1.2 |
0.7 |
Malta |
0.0 |
-0.1 |
0.2 |
-0.1 |
0.3 |
0.0 |
Netherlands |
0.9 |
0.0 |
0.0 |
-1.7 |
-0.2 |
0.0 |
Austria |
0.5 |
-0.1 |
0.4 |
-0.9 |
-2.2 |
-0.9 |
Poland |
-0.2 |
0.0 |
-0.7 |
-1.2 |
-3.0 |
0.3 |
Portugal |
0.0 |
-0.1 |
-1.1 |
-0.3 |
0.9 |
0.3 |
Romania |
3.2 |
0.7 |
0.7 |
-0.6 |
-0.4 |
-1.2 |
Slovenia |
0.4 |
-0.3 |
-0.5 |
-0.4 |
-0.2 |
-1.1 |
Slovakia |
0.6 |
0.4 |
-2.9 |
-0.3 |
-14.3 |
-5.6 |
Finland |
-0.8 |
-0.3 |
0.3 |
-0.3 |
0.7 |
-0.8 |
Sweden |
0.1 |
0.1 |
4.0 |
-0.5 |
1.1 |
-1.3 |
Norway |
0.4 |
1.6 |
2.4 |
-1.3 |
0.4 |
-0.7 |
Switzerland |
-0.1 |
0.1 |
-0.4 |
-0.3 |
0.4 |
0.2 |
Source dataset: sts_inppd_m
|
||||||
Industrial producer prices on the domestic market % change compared with same month of previous year |
||||||
|---|---|---|---|---|---|---|
Sep-23 |
Oct-23 |
Nov-23 |
Dec-23 |
Jan-24 |
Feb-24 |
|
Euro area |
||||||
Total industry |
-10.4 |
-8.3 |
-8.0 |
-9.6 |
-8.0 |
-8.3 |
Total industry excluding energy |
0.5 |
-0.2 |
-0.4 |
-0.5 |
-1.3 |
-1.5 |
Intermediate goods |
-4.4 |
-5.0 |
-4.9 |
-4.7 |
-5.4 |
-5.3 |
Energy |
-27.4 |
-22.3 |
-22.0 |
-25.3 |
-20.0 |
-21.1 |
Capital goods |
4.0 |
3.6 |
3.2 |
3.0 |
2.2 |
2.0 |
Durable consumer goods |
4.2 |
3.6 |
3.3 |
2.9 |
1.2 |
1.1 |
Non-durable consumer goods |
5.8 |
4.4 |
3.7 |
3.3 |
1.9 |
1.4 |
EU |
|
|
|
|
|
|
Total industry |
-9.4 |
-7.7 |
-7.3 |
-9.0 |
-7.9 |
-8.1 |
Total industry excluding energy |
0.4 |
-0.3 |
-0.6 |
-0.6 |
-1.6 |
-1.7 |
Intermediate goods |
-4.5 |
-5.0 |
-5.0 |
-4.8 |
-5.7 |
-5.4 |
Energy |
-24.8 |
-20.1 |
-19.5 |
-23.3 |
-19.0 |
-19.6 |
Capital goods |
3.7 |
3.3 |
3.0 |
2.7 |
2.1 |
2.0 |
Durable consumer goods |
3.2 |
2.7 |
2.4 |
2.1 |
0.6 |
0.4 |
Non-durable consumer goods |
5.6 |
4.2 |
3.5 |
3.0 |
1.6 |
1.1 |
Industrial producer prices on the domestic market % change compared with same month of previous year |
||||||
|---|---|---|---|---|---|---|
Sep-23 |
Oct-23 |
Nov-23 |
Dec-23 |
Jan-24 |
Feb-24 |
|
Euro area |
-10.4 |
-8.3 |
-8.0 |
-9.6 |
-8.0 |
-8.3 |
EU |
-9.4 |
-7.7 |
-7.3 |
-9.0 |
-7.9 |
-8.1 |
Belgium |
-17.9 |
-20.5 |
-18.7 |
-18.5 |
-17.1 |
-13.3 |
Bulgaria |
-32.0 |
-25.9 |
-14.6 |
-19.8 |
-17.8 |
-12.1 |
Czechia |
0.8 |
0.2 |
0.9 |
1.4 |
-1.9 |
-1.0 |
Denmark |
-8.5 |
-4.1 |
-3.2 |
-6.3 |
-4.0 |
-5.9 |
Germany |
-9.1 |
-7.4 |
-5.0 |
-5.2 |
-4.5 |
-4.1 |
Estonia |
-5.9 |
-6.3 |
-7.4 |
-9.5 |
-0.6 |
-7.7 |
Ireland |
-38.9 |
-5.0 |
-8.0 |
-43.5 |
-21.5 |
-24.2 |
Greece |
-4.7 |
-14.7 |
-9.0 |
-7.3 |
-7.9 |
-6.3 |
Spain |
-8.5 |
-7.7 |
-7.5 |
-6.3 |
-4.0 |
-8.2 |
France |
-1.5 |
-1.5 |
0.1 |
-1.4 |
-4.9 |
-5.5 |
Croatia |
1.5 |
-0.5 |
-1.5 |
0.6 |
-1.1 |
-1.7 |
Italy |
-18.3 |
-12.4 |
-16.5 |
-20.5 |
-14.0 |
-14.2 |
Cyprus |
-1.6 |
-1.8 |
-1.2 |
-1.3 |
-3.3 |
-3.5 |
Latvia |
-13.5 |
-14.6 |
-15.4 |
-18.7 |
-11.9 |
-13.1 |
Lithuania |
-7.4 |
-10.0 |
-10.1 |
-8.9 |
-2.7 |
-6.5 |
Luxembourg |
23.8 |
17.4 |
20.1 |
19.9 |
16.5 |
17.2 |
Hungary |
7.0 |
0.2 |
-1.9 |
-3.6 |
-7.8 |
-5.9 |
Malta |
1.3 |
0.9 |
0.8 |
0.7 |
0.8 |
0.7 |
Netherlands |
-7.8 |
-6.3 |
-5.6 |
-7.8 |
-9.6 |
-9.7 |
Austria |
-5.7 |
-6.1 |
-4.3 |
-5.2 |
-11.7 |
-10.5 |
Poland |
-2.4 |
-3.4 |
-3.8 |
-6.0 |
-11.0 |
-10.0 |
Portugal |
-4.0 |
-4.0 |
-5.8 |
-4.3 |
-1.8 |
-2.4 |
Romania |
-2.4 |
-5.7 |
-5.8 |
-7.1 |
-8.0 |
-9.0 |
Slovenia |
3.1 |
2.5 |
2.9 |
1.9 |
0.3 |
-3.4 |
Slovakia |
1.4 |
1.0 |
10.8 |
13.3 |
-12.1 |
-25.5 |
Finland |
-8.9 |
-6.9 |
-7.5 |
-8.5 |
-4.5 |
-4.5 |
Sweden |
-9.5 |
-7.1 |
-5.9 |
-10.4 |
-1.4 |
-1.5 |
Norway |
0.0 |
4.3 |
4.9 |
1.6 |
4.2 |
2.6 |
Switzerland |
3.8 |
3.5 |
3.0 |
2.9 |
2.3 |
1.9 |
Source dataset: sts_inppd_m
|
||||||
Industrial producer prices indices on the domestic market for total industry |
||||||
|---|---|---|---|---|---|---|
Sep-23 |
Oct-23 |
Nov-23 |
Dec-23 |
Jan-24 |
Feb-24 |
|
Euro area |
128.9 |
129.1 |
128.6 |
127.6 |
126.5 |
125.2 |
EU |
130.2 |
130.3 |
129.9 |
128.9 |
127.8 |
126.6 |
Belgium |
125.3 |
124.8 |
125.1 |
125.7 |
123.9 |
125.6 |
Bulgaria |
126.4 |
125.7 |
126.5 |
126.0 |
123.7 |
121.8 |
Czechia |
129.8 |
129.7 |
129.2 |
128.6 |
131.7 |
132.4 |
Denmark |
145.7 |
144.3 |
145.2 |
144.0 |
144.1 |
140.1 |
Germany |
130.5 |
130.1 |
129.4 |
128.3 |
128.5 |
128.0 |
Estonia |
134.7 |
132.9 |
133.0 |
131.1 |
138.0 |
128.0 |
Ireland |
96.8 |
101.6 |
100.6 |
88.5 |
92.0 |
88.1 |
Greece |
125.8 |
123.4 |
123.8 |
125.1 |
126.0 |
124.0 |
Spain |
131.2 |
129.3 |
126.5 |
126.1 |
126.3 |
123.5 |
France |
129.1 |
128.7 |
131.7 |
131.5 |
130.2 |
128.0 |
Croatia |
135.7 |
134.2 |
134.3 |
133.5 |
132.3 |
132.4 |
Italy |
127.4 |
130.2 |
128.3 |
126.8 |
123.6 |
121.8 |
Cyprus |
127.2 |
127.1 |
126.5 |
126.6 |
124.9 |
124.9 |
Latvia |
150.7 |
146.1 |
146.2 |
144.0 |
145.7 |
142.2 |
Lithuania |
142.2 |
141.0 |
138.1 |
136.5 |
145.4 |
140.4 |
Luxembourg |
163.9 |
156.4 |
155.9 |
156.4 |
155.2 |
156.4 |
Hungary |
185.6 |
184.4 |
183.0 |
181.8 |
179.7 |
180.9 |
Malta |
108.6 |
108.5 |
108.7 |
108.6 |
108.9 |
108.9 |
Netherlands |
125.5 |
125.5 |
125.5 |
123.4 |
123.2 |
123.2 |
Austria |
127.1 |
127.0 |
127.5 |
126.4 |
123.6 |
122.5 |
Poland |
131.4 |
131.4 |
130.5 |
128.9 |
125.0 |
125.4 |
Portugal |
118.5 |
118.4 |
117.1 |
116.8 |
117.8 |
118.1 |
Romania |
160.4 |
161.5 |
162.7 |
161.7 |
161.1 |
159.2 |
Slovenia |
133.4 |
133.0 |
132.4 |
131.9 |
131.7 |
130.2 |
Slovakia |
168.9 |
169.5 |
164.5 |
164.0 |
140.5 |
132.7 |
Finland |
119.2 |
118.8 |
119.1 |
118.8 |
119.6 |
118.6 |
Sweden |
113.7 |
113.8 |
118.4 |
117.8 |
119.1 |
117.6 |
Norway |
133.5 |
135.7 |
138.9 |
137.1 |
137.7 |
136.7 |
Switzerland |
112.4 |
112.5 |
112.1 |
111.8 |
112.3 |
112.5 |
Source dataset: sts_inppd_m
|
||||||
Industrial producer prices indices on the domestic market for total industry excluding energy (base year 2021) |
||||||
|---|---|---|---|---|---|---|
Sep-23 |
Oct-23 |
Nov-23 |
Dec-23 |
Jan-24 |
Feb-24 |
|
Euro area |
117.4 |
117.2 |
117.0 |
116.9 |
117.2 |
117.3 |
EU |
117.9 |
117.7 |
117.5 |
117.4 |
117.6 |
117.7 |
Belgium |
121.4 |
121.9 |
121.8 |
121.2 |
121.3 |
122.8 |
Bulgaria |
128.5 |
128.0 |
128.0 |
128.3 |
128.4 |
128.9 |
Czechia |
119.0 |
119.1 |
118.8 |
118.5 |
119.2 |
119.8 |
Denmark |
117.6 |
117.4 |
117.4 |
117.3 |
117.3 |
117.3 |
Germany |
118.2 |
118.1 |
117.9 |
118.0 |
118.3 |
118.3 |
Estonia |
119.7 |
119.5 |
119.1 |
119.0 |
119.0 |
118.8 |
Ireland |
110.0 |
109.7 |
109.3 |
109.4 |
108.7 |
111.7 |
Greece |
112.4 |
112.2 |
112.2 |
112.4 |
112.7 |
112.8 |
Spain |
117.6 |
117.5 |
117.4 |
117.4 |
118.0 |
118.2 |
France |
117.4 |
117.0 |
116.7 |
116.5 |
116.7 |
116.7 |
Croatia |
115.6 |
115.6 |
115.3 |
115.1 |
115.6 |
115.4 |
Italy |
115.0 |
114.7 |
114.5 |
114.4 |
114.3 |
114.2 |
Cyprus |
119.4 |
119.3 |
119.1 |
119.4 |
119.5 |
119.5 |
Latvia |
129.0 |
128.2 |
127.0 |
126.7 |
127.0 |
127.1 |
Lithuania |
125.8 |
126.7 |
126.4 |
125.9 |
125.2 |
125.1 |
Luxembourg |
107.3 |
104.3 |
103.9 |
104.7 |
104.9 |
106.0 |
Hungary |
139.8 |
139.5 |
138.7 |
139.2 |
139.9 |
140.8 |
Malta |
118.9 |
118.8 |
119.0 |
119.0 |
119.5 |
119.5 |
Netherlands |
118.7 |
118.8 |
118.5 |
117.9 |
118.7 |
119.1 |
Austria |
114.7 |
114.7 |
114.5 |
114.5 |
115.3 |
115.6 |
Poland |
117.6 |
117.3 |
116.7 |
116.0 |
115.0 |
114.8 |
Portugal |
119.4 |
120.0 |
119.9 |
120.2 |
121.3 |
121.5 |
Romania |
124.5 |
124.9 |
125.1 |
125.2 |
126.0 |
126.3 |
Slovenia |
124.9 |
124.4 |
124.5 |
124.1 |
123.7 |
123.7 |
Slovakia |
118.1 |
118.4 |
117.8 |
116.3 |
118.0 |
117.1 |
Finland |
117.4 |
116.9 |
116.9 |
116.8 |
116.6 |
116.7 |
Sweden |
120.8 |
120.8 |
120.7 |
120.2 |
121.0 |
121.7 |
Norway |
124.9 |
126.1 |
127.7 |
127.4 |
128.4 |
129.2 |
Switzerland |
108.1 |
108.0 |
107.8 |
107.9 |
108.0 |
108.0 |
Source dataset: sts_inppd_m
|
||||||
Notes for users
Revisions and timetable
Compared with data issued in the News Release of 5 March 2024, the monthly percentage decrease for January 2024 remained unchanged in both the euro area and the EU. The annual percentage decrease has been revised from -8.6% to -8.0% in the euro area and from -8.4% to -7.9% 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 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)
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Phone: (+352) 4301 33 408
Further information on data
E-mail: ESTAT-STS-DATA@ec.europa.eu