Selling prices of industry excluding transport costs for all products sold by industry – excluding construction – on domestic markets. Reported by the ECB and monitored under the two-pillar principle. This is because, from a domestic perspective, industrial producer prices provide an indication of any inflationary impetus building up along the production chain, which ultimately affects the HICP. From a foreign trade perspective, industrial producer prices tell us something about competitiveness. – See labor market flexibility, Balassa index, EMU explosion rate, factory price, fiscal pact, fiscal indicators, structural change, terms of trade, imbalances, EMU internal unit value ratio. – Cf. ECB Monthly Bulletin, April 2013, pp. 41 et seqq. (more fundamental; overviews, broken down by euro area member state; assessment of the results).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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