Industrial production prices (IPP) dropped 0.2 per cent in the Euro Area and 0.3 per cent in the European Union (EU-28) in November 2015 compared to October 2015. Romania was the only EU member state in which the IPP remained unchanged month-on-month, according to the data published by Eurostat on Wednesday.
According to the data, in November 2015 the steepest IPP drops were registered in Cyprus (-1.6 per cent), Estonia (-1.1 per cent) and Denmark (-0.9 per cent), while the highest IPP growth was registered in Malta (0.3 per cent), Ireland, France, Latvia and Slovakia (+0.2 per cent each).
Year-on-year, IPP grew by 3.5 per cent in the European Union and by 3.2 per cent in the Euro Area. All member states registered IPP slumps year-on-year, the steepest drops being registered in Lithuania (-9 per cent), Netherlands (-8.1 per cent) and United Kingdom (-7 per cent).
In Romania, IPP dropped by 2.3 per cent year-on-year. According to National Statistics Institute (INS) data, overall industrial production prices (domestic and external market) dropped by 2.6 per cent year-on-year in November 2015. Industrial production prices dropped 2.3 per cent year-on-year on the domestic market and 3.1 per cent year-on-year on the external market.