In July this year production costs in industry increased by 1.1% as compared to June in the EU15. In the EU27 this increase was 0.9%. For both these regions the increases are smaller than those of the previous month (+1.0% and +1.4% respectively). As compared to July 2006 production costs increased by 9.0% in the Eurozone and by 11.0% in the EU27. These figures were recently published by the European Statistical Office (Eurostat).
Leaving energy out production costs in industry increased by 0.5% in both the Eurozone and the EU27 in July this year. Prices for energy grew by 2.8% and 1.9% respectively. Intermediate inputs become 0.8% more expensive in both regions. The prices for consumer goods rose by 0.2% and 0.3% respectively. In both regions costs for investment and utility goods increased by 0.2%.
Costs increased most in Bulgaria (+2.9%), the Netherlands (+2.1%) and Germany (+2.0%). The smallest increases were registered in the Czech Republic (+0.1%) and Great Britain (+0.2%). In Ireland the production cost index remained unchanged.
As compared to July 2007 production costs in industry increased by 4.3% in the Eurozone and by 4.9% in the EU27 (without energy). Energy costs grew by 24.5% and 29.4% respectively. Intermediate inputs become 5.6% more expensive in the Eurozone and by 6.5% in the EU27. For consumer goods the increases were 4.6% and 5.2% respectively. For utility goods the respective price rises were 2.4% in the Eurozone and 2.5% in the EU27. For investment goods the respective figures were 2.0% and 2.5%.