Slovakia reported a 18.5% decrease in industrial producer prices in September 2024, the biggest decline in the European Union, new data from Eurostat has found.
Other countries to report a notable decline in industrial producer prices in September included Luxembourg (-9.9%), Latvia (-7.4%), France (-7.0%), Croatia (-6.3%), Spain (-5.2%) and Poland (-5.2%).
Several countries also reported an annual increase in industrial producer prices, year-on-year, led by Ireland, which saw a 1.5% increase. Other countries to see an increase included Norway (+1.1%), Portugal (+1.0%), Malta (+0.6%), Czechia (+0.6%) and Switzerland (+0.5%).
European Union prices increase
Across the European Union, industrial producer prices saw a 3.3% increase, year-on-year, while in the euro area, prices were up 3.3%.
In the EU, industrial producer prices decreased by 0.8% for intermediate goods and decreased by 10.6% for energy, however they increased by 1.5% for capital goods, by 0.3% for durable consumer goods, and by 1.4% for non-durable consumer goods.
On a month-on-month basis, industrial producer prices rose 0.6% in the EU, with Estonia (-3.6%), Spain (-2.4%) and Romania (-2.2%) reporting decreases compared to August 2024, and Ireland (+4.8%), Finland (+1.0%) and Greece (+0.7%) seeing increases. Read more here.
Industrial producer prices in EU – increases and decreases, September 2024 (%)
| Country | Producer Price Change (%) |
|---|---|
| Slovakia | -18.5 |
| Luxembourg | -9.9 |
| Latvia | -7.4 |
| France | -7.0 (p) |
| Croatia | -6.3 |
| Spain | -5.2 (p) |
| Poland | -5.2 |
| Lithuania | -5.1 (p) |
| Austria | -5.0 (p) |
| Estonia | -3.5 |
| Netherlands | -3.3 (p) |
| Italy | -2.7 (p) |
| Romania | -2.7 (p) |
| Finland | -2.3 |
| Slovenia | -2.1 |
| Belgium | -1.7 |
| Germany | -1.7 |
| Denmark | -1.4 |
| Greece | -1.4 |
| Cyprus | -0.9 (p) |
| Hungary | -0.8 |
| Bulgaria | -0.7 |
| Sweden | -0.3 |
| Switzerland | 0.5 |
| Czechia | 0.6 |
| Malta | 0.6 (p) |
| Portugal | 1.0 |
| Norway | 1.1 |
| Ireland | 1.5 |
