Industrial producer prices in the Euro Area dropped 0.6 percent from a month earlier in February 2020, after a downwardly revised 0.2 percent increase in the previous month and compared to market expectations of a 0.2 percent decline. It was the biggest decrease in industrial prices since June last year, due to a fall in energy cost (-2.3 percent vs 0.1 percent in January). In addition, intermediate goods prices were down 0.2 percent (vs 0.2 percent in January), while price rises were seen for durables (0.2 percent vs 0.5 percent), non-durable consumer goods (0.2 percent vs 0.1 percent) and capital goods (0.1 percent vs 0.4 percent). Year-on-year, producer prices dropped 1.3 percent in February, compared to market consensus of a 0.7 percent decline.
Producer Prices in the Euro Area averaged 80.71 points from 1981 until 2020, reaching an all time high of 106.20 points in October of 2018 and a record low of 49.10 points in January of 1981. This page provides the latest reported value for - Euro Area Producer Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Producer Prices - data, historical chart, forecasts and calendar of releases - was last updated on April of 2020. source: Eurostat
Producer Prices in Euro Area is expected to be 105.55 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices in Euro Area to stand at 105.66 in 12 months time. In the long-term, the Euro Area Producer Prices is projected to trend around 107.98 points in 2021 and 109.92 points in 2022, according to our econometric models.