Insider Economy Industrial producer prices up by 0.7% in Euro area and 0.4% in...

Industrial producer prices up by 0.7% in Euro area and 0.4% in Cyprus in June 2020

In June 2020, the fourth month during which Covid-19 containment measures are being applied in most Member States, industrial producer prices rose, compared with May 2020, by 0.7% in both the euro area and EU, 1.5% in Greece and by 0.4% in Cyprus, according to estimates from Eurostat, the statistical office of the European Union.

In May 2020, prices decreased by 0.6% in the euro area and by 0.5% in the EU, by -1.2% in Cyprus and increased by 1.2% in Greece. In June 2020, compared with June 2019, industrial producer prices decreased by 3.7% in the euro area, by 3.4% in the EU, by -4.4% in Greece and -1.8% in Cyprus.

Industrial producer prices in the euro area in June 2020, compared with May 2020, increased by 3.1% in the energy sector, by 0.2% for intermediate goods and by 0.1% for capital goods, while prices remained stable for durable consumer goods and decreased by 0.1% for non-durable consumer goods.

Prices in total industry excluding energy remained stable.

In the EU, industrial producer prices increased by 3.3% in the energy sector, by 0.1% for both intermediate goods and capital goods, while prices remained stable for durable consumer goods and decreased by 0.1% for non-durable consumer goods.

Prices in total industry excluding energy remained stable.

The highest increases in industrial producer prices were recorded in Estonia (+3.7%), Denmark (+3.3%) and Finland (+2.2%), while the only decreases was observed in the Czech Republic (-0.1%).

Industrial producer prices in the euro area in June 2020, compared with June 2019, decreased by 12.8% in the energy sector and by 2.5% for intermediate goods, while prices rose by 0.6% for non-durable consumer goods, by 1.0% for capital goods and by 1.2% for durable consumer goods.

Prices in total industry excluding energy decreased by 0.6%. In the EU, industrial producer prices decreased by 11.8% in the energy sector and by 2.4% for intermediate goods, while prices rose by 0.9% for non-durable consumer goods, by 1.2% for capital goods and by 1.4% for durable consumer goods. Prices in total industry excluding energy decreased by 0.4%.

The largest decreases in industrial producer prices were observed in Lithuania (-7.8%), Belgium (-7.5%), Spain and Italy (both -6.1%), while the only increases were recorded in Malta (+1.5%), Slovenia (+0.7%) and Luxembourg (+0.1%).

Source: CNA

Top Stories

234 new PCR cases announced on Monday

The Health Ministry also announced 234 new Coronavirus cases out of 5,167 PCR tests on Monday 23 November and another 70 out of 5,665...

Mobile emergency medical unit in Thessaloniki

The General Staff of the Army is proceeding with the creation of a mobile emergency medical unit in the courtyard of the 424 General...

State Health Organization: 170 nurses hired

The State Health Services Organization (OKYpY) noted that so far 170 nurses have been asked to sign contracts. This was said in reply to...

Negative record of confirmed COVID-19 cases from rapid tests in Fanagusta

Famagusta seems to have a negative record of confirmed COVID-19 cases found by antigen rabid tests, compared to other towns. From 16 November, when the...

yprus trade deficit declines in January – August 2020, affected by Covid-19

Cyprus’ trade deficit for the period of January – August 2020 declined by an annual 11.5%, with trade affected by the coronavirus pandemic. According to...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...