Industrial producer price inflation in the Euro Area came in at 3 percent year-on-year in February 2019, little-changed from the previous month's revised figure of 2.9 percent and slightly below market expectations of 3.1 percent. Energy prices led the gains (8 percent vs 7.4 percent in January), followed by capital goods (1.5 percent vs 1.4 percent), durable consumer goods (1.4 percent vs 1.3 percent), intermediate goods (1.3 percent vs 1.7 percent) and non-durable consumer goods (0.4 percent, the same as in January). Among the bloc's largest economies, the biggest upward pressure came from Italy (3.9 percent vs 4.4 percent), Germany (2.8 percent, the same as in January), France (2.1 percent vs 1.7 percent) and Spain (1.9 percent vs 1.8 percent). Producer Prices Change in the Euro Area averaged 1.97 percent from 1982 until 2019, reaching an all time high of 10.80 percent in January of 1982 and a record low of -8.20 percent in July of 2009.
Producer Prices Change in Euro Area is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Euro Area to stand at 1.80 in 12 months time. In the long-term, the Euro Area Producer Prices Change is projected to trend around 2.00 percent in 2020, according to our econometric models.