Trade Resources Economy Industrial Production Increased by One Percent in The Euro Area

Industrial Production Increased by One Percent in The Euro Area

In July this year, seasonally-adjusted industrial production increased by one percent in the euro area and by 0.7 percent in the EU-28 as compared with June, while industrial production in June had decreased by 0.3 percent in the euro area and by 0.4 percent in the EU-28, both on month-on-month basis. In July this year compared with July 2013, industrial production grew by 2.2 percent in the euro area and by two percent in the EU-28. These figures are released by Eurostat, the Statistical Office of the European Union.

As compared to June, in July this year the production of durable goods decreased by 1.2 percent in the euro area and by 0.8 percent in the EU-28. Meanwhile, in the given month, production of non-durable consumer goods rose by 1.2 percent in the euro area and by 0.8 percent in the EU-28, while production of intermediate goods increased by 0.5 percent in the euro area and by 0.4 percent in the EU-28, month on month. In July of the current year, production of capital goods rose by 2.6 percent in the euro area and increased by 2.3 percent in the EU-28, while production of energy decreased by 1.3 percent in the euro area and by 0.6 percent in the EU-28, all month on month.

Among the member states, in July the highest month-on-month increases were registered in Ireland (+11.3 percent), Estonia (+2.8 percent), Slovenia (+2.3 percent) and Croatia (+2.1 percent), and the largest decreases in Denmark (-4.7 percent), Malta (-4.2 percent) and Greece (-1.7 percent).

As compared to the same month of 2013, in July this year production of non-durable consumer goods increased by four percent in the euro area and by 2.8 percent in the EU-28, while production of intermediate goods rose by 1.6 percent in the euro area and by 1.9 percent in the EU-28. In July of the current year, production of durable consumer goods decreased by 0.2 percent in the euro area and decreased by 0.3 percent in the EU-28, production of energy dropped by 4.4 percent in the euro area and by 3.5 percent in the EU-28, while production of capital goods increased by 4.6 percent in the euro area and rose by 4.5 percent in the EU-28, all year on year.

Among the member states for which data are available, in July this year the largest year-on-year decreases were registered in Denmark (-6.4 percent), Sweden (-5 percent) and Finland (-2.7 percent), and the highest increases in Ireland (+17.6 percent), Hungary (+12.3 percent) and Slovenia (+9.2 percent).

Source: http://www.steelorbis.com/steel-news/latest-news/euro-area-industrial-output-up-one-percent-in-july-over-june-846113.htm
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Euro Area Industrial Output up One Percent in July Over June
Topics: Metallurgy