Industrial producer prices in the Euro Area advanced 0.6 percent from a month earlier in July 2020, following a 0.7 percent increase in the previous month and beating market expectations of a 0.5 percent rise. Prices were higher for energy (2.1 percent vs 2.9 percent in June), durable consumer goods (0.4 percent vs flat reading) and intermediate goods (0.1 percent vs 0.2 percent). On the other hand, capital goods cost was unchanged (vs 0.2 percent in June) and non-durable consumer goods fell 0.2 percent (vs -0.1 percent in June). On a yearly basis, producer prices dropped 3.3 percent in July, compared to forecasts of a 3.4 percent decline.
Producer Prices in the Euro Area averaged 80.92 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 September of 2020. source: Eurostat
Producer Prices in Euro Area is expected to be 102.12 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 102.81 in 12 months time. In the long-term, the Euro Area Producer Prices is projected to trend around 105.95 points in 2021 and 107.86 points in 2022, according to our econometric models.