Industrial production up by 0.1% in euro area

Industrial production up by 0.1% in euro area

Industrial production up by 0.1% in euro area

The FINANCIAL -- In July 2017 compared with June 2017, seasonally adjusted industrial production rose by 0.1% in the euro area (EA19), while it decreased by 0.3% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In June 2017, industrial production fell by 0.6% in both zones.

In July 2017 compared with July 2016, industrial production increased by 3.2% in the euro area and by 3.1% in the EU28.

Monthly comparison by main industrial grouping and by Member State

The increase of 0.1% in industrial production in the euro area in July 2017, compared with June 2017, is due to production of capital goods rising by 0.8%, durable consumer goods by 0.7% and intermediate goods by 0.5%, while production of non-durable consumer goods fell by 0.4% and energy by 1.2%.

In the EU28, the decrease of 0.3% is due to production of energy falling by 1.1% and non-durable consumer goods by 0.6%, while production of durable consumer goods rose by 0.2% and that of both intermediate goods and capital goods by 0.4%.

Among Member States for which data are available, the highest increases in industrial production were registered in Portugal (+1.9%), Ireland (+1.8%) and France (+0.6%), and the largest decreases in the Czech Republic (-9.8%), Hungary (-4.1%), Malta and Slovakia (both -3.3%).

Annual comparison by main industrial grouping and by Member State

The increase of 3.2% in industrial production in the euro area in July 2017, compared with July 2016, is due to production of durable consumer goods rising by 5.7%, intermediate goods by 4.8%, capital goods by 4.3% and energy by 1.2%, while production of non-durable consumer goods fell by 0.5%.

In the EU28, the increase of 3.1% is due to production of durable consumer goods rising by 5.0%, intermediate goods by 4.8%, capital goods by 4.6% and energy by 0.1%, while production of non-durable consumer goods fell by 0.4%.

Among Member States for which data are available, the highest increases in industrial production were registered in Slovakia (+9.2%), Latvia (+8.9%) and Romania (+7.6%). Decreases were observed in Ireland (-9.2%), Denmark (-3.1%) and Malta (-1.7%).