The euro-zone industrial producer price index decreased by 0.3% in November 2002 compared with the previous month, Eurostat - Statistical Office of the European Communities in Luxembourg - estimates today. EU15 prices decreased by 0.1%. This follows a rise of 0.2% in October 20023 in both zones.
In November 2002 compared to November 2001, industrial producer prices increased by 1.1% in the euro-zone and by 1.0% in the EU15.
In November 2002 compared to the previous month, the decrease in total industry is mainly due to the energy sector, where prices fell by 1.6% in the euro-zone and by 0.9% in the EU15. Intermediate goods and non-durable consumer goods decreased by 0.1% in both zones, while capital goods and durable consumer goods remained stable.
In November 2002, and among the Member States for which data are available, only Sweden (1.7%), the United Kingdom (0.5%), Finland (0.3%) and Luxembourg (0.1%) reported an increase. The largest decreases were registered in the Netherlands (-1.1%), Spain, France and Portugal (all -0.5%).
In November 2002, as compared to November 2001, energy rose by 2.5% in the euro-zone and by 2.4% in the EU15. Excluding the energy sector, industrial prices increased by 1.0% in the euro-zone and by 0.9% in the EU15. Durable and non-durable consumer goods both rose by 1.1% in the euro-zone and by 1.0% and 1.1% respectively in the EU15. Intermediate goods grew by 0.8% in the euro-zone and 0.9% in the EU15 and capital goods increased by 0.9% and 0.8% respectively.
Compared with November 2001 the highest rates, among those Member States for which data are available, were registered in Sweden (5.2%), Luxembourg (4.1%), the Netherlands (3.2%) and Ireland (3.1%). An annual fall was reported only in the United Kingdom (-0.2%).