Trade Resources Industry Views Industrial Production up 0.6 Percent Both in Euro Area and EU-28 in September Over 2013

Industrial Production up 0.6 Percent Both in Euro Area and EU-28 in September Over 2013

In September this year, seasonally-adjusted industrial production increased by 0.6 percent both in the euro area and the EU-28 as compared with August, while industrial production in August had decreased by 1.4 percent in the euro area and by 1.2 percent in the EU-28, both on month-on-month basis. In September this year compared with September 2013, industrial production increased by 0.6 percent both in the euro area and in the EU-28. These figures are released by Eurostat, the Statistical Office of the European Union.

As compared to August, in September this year the production of durable goods decreased by 2.6 percent in the euro area and by 1.7 percent in the EU-28, while the production of non-durable consumer goods fell by 0.9 percent in both areas. Meanwhile, production of intermediate goods decreased by 0.6 percent in the euro area and by 0.4 percent in the EU-28, month on month. In September of the current year, production of capital goods increased by 2.9 percent in the euro area and by 2.4 percent in the EU-28, while production of energy increased by 0.3 percent in both areas, all month on month.

Among the member states, in September the highest month-on-month increases were registered in Croatia (+4.6 percent), the Czech Republic (+4.5 percent) and Ireland (+4.1 percent), and the largest decreases in Denmark (-5.6 percent), Portugal (-4.1 percent) and the Netherlands (-2.0 percent).

As compared to the same month of 2013, in September this year production of non-durable consumer goods increased by two percent in the euroarea and by 1.2 percent in the EU-28, while production of intermediate goods remained stable in the euro area and increased by 0.5 percent in the EU-28. In September of the current year, production of durable consumer goods decreased by 3.3 percent in the euro area and by 0.7 percent in the EU-28, production of energy dropped by 2.5 percent in the euro area and by 2.2 percent in the EU-28, while production of capital goods increased by two percent in the euro area and by 2.1 percent in the EU-28, all year on year.

Among the member states for which data are available, in September this year the largest year-on-year decreases were registered in Malta (-7.4 percent), Sweden (-4.1 percent) and Greece (-3.5 percent), and the highest increases in Ireland (+22.1 percent), the Czech Republic (+5.6 percent), and Hungary (+5.1 percent).

Source: http://www.steelorbis.com/steel-news/latest-news/euro-area-industrial-output-up-06-percent-in-september-over-august-853320.htm
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Euro Area Industrial Output up 0.6 Percent in September Over August
Topics: Metallurgy