Industrial producer prices increase in Cyprus by 3.8% annually in April

In April 2019, compared with March 2019, industrial producer prices fell by 0.3% in the euro area (EA19), remained unchanged in the EU28 and increased by 0.1% in Cyprus, according to estimates from Eurostat, the statistical office of the European Union. In March 2019, prices decreased by 0.1% in the euro area, remained unchanged in the EU28 and decreased by 1.2% in Cyprus. In April 2019, compared with April 2018, industrial producer prices rose by 2.6% in the euro area, by 2.9% in the EU28 and by 3.8% in Cyprus.

Industrial producer prices in the euro area in April 2019, compared with March 2019, fell by 1.5% in the energy sector, while prices rose by 0.1% for intermediate goods, capital goods and durable consumer goods, and by 0.5% for non-durable consumer goods. Prices in total industry excluding energy rose by 0.2%. In the EU28, industrial producer prices fell by 0.4% in the energy sector, while prices rose by 0.1% for capital goods and durable consumer goods, by 0.2% for intermediate goods and by 0.5% for non-durable consumer goods. Prices in total industry excluding energy rose by 0.2%. The largest decreases in industrial producer prices were recorded in Belgium (-1.7%), Italy (-1.5%) and Sweden (-0.8%), while the highest increases were observed in Denmark and Greece (both +1.2%), and Hungary (+0.9%).

Industrial producer prices in the euro area in April 2019, compared with April 2018, rose by 6.6% in the energy sector, by 1.5% for both capital goods and durable consumer goods, by 1.2% for intermediate goods and by 0.7% for non-durable consumer goods. Prices in total industry excluding energy rose by 1.2%. In the EU28, industrial producer prices rose by 7.0% in the energy sector, by 1.6% for intermediate goods, capital goods and durable consumer goods, and by 1.0% for non-durable consumer goods. Prices in total industry excluding energy rose by 1.4%. The highest increases in industrial producer prices were recorded in Romania (+6.7%), Hungary (+6.5%) and Latvia (+5.6%), while there were no decreases observed.

Meanwhile, in April 2019 compared with March 2019, the seasonally adjusted volume of retail trade decreased by 0.4% in the euro area (EA19) and by 0.3% in the EU28. In March 2019, the retail trade volume remained unchanged in the euro area and increased by 0.3% in the EU28. In April 2019 compared with April 2018 the calendar adjusted retail sales index increased by 1.5% in the euro area and by 2.9% in the EU28. In the euro area in April 2019, compared with March 2019, the volume of retail trade decreased by 0.4% for food, drinks and tobacco and for non-food products, while automotive fuel increased by 0.1%. In the EU28, the retail trade volume decreased by 0.4% for non-food products and by 0.2% for food, drinks and tobacco and for automotive fuel. Among Member States for which data are available, the largest decreases in the total retail trade volume were registered in Germany (-2.0%), Portugal (-1.0%) and Croatia (-0.9%). The highest increases were observed in Sweden (+2.4%), Slovenia (+2.0%) and Malta (+1.7%).

In the euro area in April 2019, compared with April 2018, the volume of retail trade increased by 1.5% for food, drinks and tobacco, by 1.3% for automotive fuel and by 1.2% for non-food products. In the EU28, the retail trade volume increased by 3.0% for non-food products, by 2.7% for food, drinks and tobacco and by 1.9% for automotive fuel. Among Member States for which data are available, the highest yearly increases in the total retail trade volume were registered in Slovenia (+12.7%), Lithuania (+10.2%) and Ireland (+10.1%). Decreases were observed for Germany (-0.9%) and Bulgaria (-0.2%).

Source: Cyprus News Agency