Trade Resources Economy Seasonally Adjusted Industrial Production Grew by 1.0% in The Euro Area

Seasonally Adjusted Industrial Production Grew by 1.0% in The Euro Area

In August 2013 compared with July 2013, seasonally adjusted industrial production grew by 1.0% in the euro area (EA17) and by 0.5% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In July industrial production fell by 1.0% and 0.6% respectively.

In August 2013 compared with August 20124, industrial production dropped by 2.1% in the euro area and by 1.6% in the EU28.

Monthly comparison

In August 2013 compared with July 2013, production of capital goods grew by 2.4% in the euro area and by 1.4% in the EU28. Intermediate goods increased by 0.9% and 0.8% respectively. Durable consumer goods rose by 0.8% in the euro area, but fell by 0.9% in the EU28. Non-durable consumer goods gained 0.5% in the euro area and decreased by 0.3% in the EU28. Energy increased by 0.4% and 0.2% respectively.

Among the Member States for which data are available, industrial production rose in thirteen and fell in ten. The highest increases were registered in Portugal (+8.2%), Malta (+7.2%) and the Czech Republic (+4.7%), and the largest decreases in Estonia (-3.5%), Sweden (-2.8%) and Latvia (-2.0%).

Annual comparison

In August 2013 compared with August 2012, production of durable consumer goods fell by 6.1% in the euro area and by 3.9% in the EU28. Energy dropped by 3.0% and 4.1% respectively. Intermediate goods decreased by 2.8% in the euro area and by 1.4% in the EU28. Non-durable consumer goods declined by 1.8% in both zones. Capital goods fell by 1.4% in the euro area and by 0.7% in the EU28.

Among the Member States for which data are available, industrial production fell in fourteen and rose in nine. The largest decreases were registered in Sweden (-7.9%), Greece (-7.5%), Ireland (-5.9%) and Italy (-4.6%), and the highest increases in Romania (+6.0%), Slovakia (+4.3%) and the Czech Republic (+4.2%).

Source: http://www.internationaltradenews.com/en/news/46404/Industrial-production-up-by-1.html
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Euro Area: Industrial Production up by 1%
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