2 August 2001, 14:09 Euro zone June PPI stable vs May, up 3.3 pct yr-on-yr
Euro zone June PPI stable vs May, up 3.3 pct yr-on-yr
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BRUSSELS (AFX) - The euro zone's industrial producer prices index
was stable in June from May and was up 3.3 pct year-on-year, the EU
statistics office Eurostat said.
In the EU-15, June producer prices were also stable from May and
were up 2.9 pct from a year earlier.
Eurostat noted that in May the euro zone's PPI had risen 0.2 pct
from April and was up 3.7 pct year-on-year, revised from 3.6 pct.
In the EU-15 the May PPI was up 0.2 from April and 3.3 pct
year-on-year, it said.
In the euro zone, comparing June with the previous month, it said
intermediate goods fell 0.1 pct, capital goods rose 0.1, durable
consumer goods rose 0.1, non-durable consumer goods were unchanged,
while energy prices fell 0.1, it said.
Compared with a year earlier, euro zone intermediate goods prices
were up 1.5 pct, capital goods up 1.1, durable consumer goods up 2.3,
non-durable consumer goods up 3.7, and energy prices were higher by
7.2, it said.
In the EU 15, intermediate goods prices fell 0.1 pct from May,
capital goods rose 0.1, durable consumer goods rose 0.1, non-durable
consumer goods were stable, and energy was up 0.1, it said.
Compared with a year before, EU intermediate goods prices were up
1.4 pct, capital goods up 0.5, durable consumer goods up 2.0,
non-durable consumer goods up 3.4, while energy was higher by 7.1 pct,
it said.
Among member states, monthly price variations were homogenous,
varying between a fall of 0.2 pct in Italy, and a rise of 0.1 pct in
Germany, Ireland and Sweden. Portugal was an exception with a rise of
0.9 pct, it said.
Annual growth rates slowed in all member states for which data is
available, with lower than average increases in the UK, up 1.0 pct,
Luxembourg, up 1.2, and France and Italy, both up 2.3.
Above average increases were seen in Ireland, up 3.3 pct, and
Germany and Portugal, both up 4.3 pct, it said.
Eurostat noted two changes in its calculation of the indicators.
Energy, which was previously included in intermediate goods is now
calculated separately, and the composition of the five sectors and the
classification of the different activities by each member state has
been harmonised, leading to a "fundamental" revision of the data
covering the sectors, it said.
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