Source: Eurostat
Industrial producer prices rose by 5.4% in October from September in the euro area and 5.0% in the EU, beating the expected 3.5% gain. DAX is down -1.00%, EURUSD is up +0.15%.
- Compared to the prior year, producer prices were up by 21.9% in the euro area and 21.7% in the EU.
- In the euro area, producer prices in the energy sector were up by 16.8%, compared to 1.4% for intermediate goods and 0.5% for durable and non-durable consumer goods. Excluding energy, producer prices were up 0.8%.
- In the EU, producer prices rose by 14.9% in the energy sector, more than 1.4% for intermediate goods, and 0.6% for capital goods. Excluding energy, prices were up by 0.9%.
- Industrial prices rose the highest in Belgium at 11.2%, followed by Italy and Romania. The only countries to post declines were Estonia, the highest at -2.1%, Luxembourg, and Sweden.
