Industrial producer prices down in EU, eurozone

Industrial producer prices down in EU, eurozone

Largest drops seen in Ireland, Belgium, Bulgaria, while highest increases in Hungary, Slovakia, Slovenia

By Gokhan Ergocun

ISTANBUL (AA) - Industrial producer prices this June dropped 3.4% in the euro area and 2.4% in the EU compared to the same month last year.

Eurostat said on Thursday that producer prices fell 16.5% in the energy sector in the euro area and 14% in the EU.

The largest annual drops were seen in Ireland (minus 17.1%), Belgium (minus 12.4%) and Bulgaria (minus 11.4%), while the highest increases were posted by Hungary (29.5%), Slovakia (18.2%), and Slovenia (7.4%).

Prices were also down 0.4% in both the eurozone – where the euro is the official currency – and in the 27-member bloc.

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