Industrial production down by 0.3% in euro area

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The FINANCIAL — In March 2015 compared with February 2015, seasonally adjusted industrial production fell by 0.3% in the euro area (EA19) and remained stable in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In February 2015 industrial production rose by 1.0% and 0.8% respectively.

In March 2015 compared with March 2014, industrial production increased by 1.8% in the euro area and by 2.0% in the EU28.

Monthly comparison by main industrial grouping and by Member State

The decrease of 0.3% in industrial production in the euro area in March 2015, compared with February 2015, is due to production of energy falling by 1.7%, both capital goods and durable consumer goods by 0.9%, and intermediate goods by 0.3%, while non-durable consumer goods increased by 2.3%.

Industrial production remained stable in the EU28 due to production of non-durable consumer goods rising by 2.1% and intermediate goods remaining stable, while capital goods and durable consumer goods both fell by 0.5%, and energy by 1.0%.

The largest decreases in industrial production were registered in the Netherlands (-3.6%), Lithuania (-3.4%) and Estonia (-1.0%), and the highest increases in Latvia (+10.9%), Denmark (+4.6%), and Ireland (+3.0%).

Annual comparison by main industrial grouping and by Member State

The increase of 1.8% in industrial production in the euro area in March 2015, compared with March 2014, is due to production of non-durable consumer goods rising by 5.7%, energy by 3.8% and capital goods by 0.3%, while intermediate goods remained stable and durable consumer goods fell by 1.7%.

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In the EU28, the increase of 2.0% is due to production of non-durable consumer goods rising by 4.6%, energy by 2.3%, capital goods by 1.2%, intermediate goods by 0.9% and durable consumer goods by 0.3%.

The highest increases in industrial production were registered in Ireland (+40.0%), Hungary (+8.9%), Latvia (+8.7%) and Poland (+6.6%). Decreases were recorded in Finland (-4.4%), Sweden (-1.1%), Malta (-1.0%) and Germany (-0.1%).

 

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