Industrial production up by 0.9% in euro area

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The FINANCIAL — In January 2017 compared with December 2016, seasonally adjusted industrial production rose by 0.9% in the euro area (EA19) and by 0.5% in the EU28, according to estimates from Eurostat, the statistical office of the European Union.

In December 2016 industrial production fell by 1.2% in the euro area and by 0.7% in the EU28.

In January 2017 compared with January 2016, industrial production increased by 0.6% in the euro area and by 1.3% in the EU28.

Monthly comparison by main industrial grouping and by Member State

The increase of 0.9% in industrial production in the euro area in January 2017, compared with December 2016, is due to production of capital goods rising by 2.8% and energy by 1.9%, while production of non-durable consumer goods fell by 0.7% and both intermediate goods and durable consumer goods by 0.4%.

In the EU28, the increase of 0.5% is due to production of capital goods rising by 2.4% and energy by 1.5%, while production of non-durable consumer goods fell by 1.5%, durable consumer goods by 0.9% and intermediate goods by 0.4%.

Among Member States for which data are available, the highest increases in industrial production were registered in Ireland (+3.4%), Germany (+3.3%) and Greece (+2.5%), and the largest decreases in Croatia (-6.8%), Denmark (-4.6%) and Bulgaria (-3.9%).

Annual comparison by main industrial grouping and by Member State

The increase of 0.6% in industrial production in the euro area in January 2017, compared with January 2016, is due to production of energy rising by 6.9%, durable consumer goods by 1.5% and intermediate goods by 0.8%, while production of non-durable consumer goods fell by 2.6% and capital goods by 0.8%.

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In the EU28, the increase of 1.3% is due to production of energy rising by 5.6%, durable consumer goods by 2.0%, intermediate goods by 1.7% and capital goods by 0.8%, while production of non-durable consumer goods fell by 2.2%.

Among Member States for which data are available, the highest increases in industrial production were registered in Lithuania (+8.4%), Greece (+7.4%) and Estonia (+6.7%), and the largest decreases in Ireland (-8.6%), Bulgaria (-1.2%) and Luxembourg (-0.9%).

 

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