Industrial producer prices in the Euro Area increased 0.7 percent from a month earlier in June of 2020, up from a 0.6 percent fall in the previous month and above market expectations of a 0.5 percent rise. It was the first gain in producer prices since January, as cost rebounded for energy (3.1 percent vs -1.6 percent in May), intermediate goods (0.2 percent vs -0.4 percent) and capital goods (0.1 percent vs -0.1 percent). Meantime, durable consumer goods showed no growth (vs 0.1 percent) and non-durable consumer goods went down 0.1 percent (vs -0.6 percent). Year-on-year, producer prices dropped 3.7 percent, after declining 5 percent in May and compared with forecasts of a 3.9 percent fall.
Producer Prices in the Euro Area averaged 80.84 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 August 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 102.10 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.