Eurozone PPI stable in August

The eurozone industrial producer prices index (PPI) remained stable in August, the European Union (EU)'s statistics office said Friday. In the 27-nation EU, the same index posted a monthly rise of 0.1 percent in August, according to Eurostat. On an annual basis, industrial producer prices in August fell by 0.8 percent and 0.3 percent in the eurozone and in the EU respectively. The main upward impacts on industrial prices can be attributed to the energy sector, whose prices grew by 0.2 percent and 0.3 percent from the previous month in the eurozone and the EU respectively. However, prices in total industry excluding the energy sector rose by 0.1 percent in both the eurozone and the EU. Among the EU member states for which data were available, the highest increases in industrial producer prices were registered in Estonia, Denmark and Ireland, while the largest decreases were in Belgium, Romania and Lithuania.