Trade Resources Industry Views Seasonally-Adjusted Industrial Production Decreased by 0.3 Percent

Seasonally-Adjusted Industrial Production Decreased by 0.3 Percent

 In June this year, seasonally-adjusted industrial production decreased by 0.3 percent in the euro area and by 0.4 percent in the EU-28 as compared with May, while industrial production in May had decreased by 1.1 percent in both zones, month on month. In June this year compared with June 2013, industrial production remained stable in the euro area and increased by 0.7 percent in the EU-28. These figures are released by Eurostat, the Statistical Office of the European Union.

As compared to May, in June this year the production of durable goods increased by 2.3 percent in the euro area and by 1.8 percent in the EU-28. Meanwhile, in the given month, production of non-durable consumer goods fell by 1.9 percent in the euro area and by 1.4 percent in the EU-28, while production of intermediate goods increased by 0.4 percent in the both zones, month on month. In June of the current year, production of capital goods remained stable in the euro area and increased by 0.2 percent in the EU-28, while production of energy decreased by 0.7 percent in the euro area and by 0.6 percent in the EU-28, all month on month.

Among the member states, in June the highest month-on-month increases were registered in Malta (+5.2 percent), Denmark (+2.4 percent) and Hungary (+1.8 percent), and the largest decreases in Ireland (-16.5 percent), the Netherlands (-3.0 percent) and Lithuania (-2.7 percent).

As compared to the same month of 2013, in June this year production of non-durable consumer goods increased by 1.7 percent in the euro area and by 1.5 percent in the EU-28, while production of intermediate goods rose by 0.2 percent in the euro area and by 1.1 percent in the EU-28. In June of the current year, production of durable consumer goods decreased by 1.8 percent in the euro area and decreased by 0.4 percent in the EU-28, production of energy dropped by 3.4 percent in the euro area and by 2.9 percent in the EU-28, while production of capital goods decreased by 0.1 percent in the euro area and rose by 0.8 percent in the EU-28, all year on year.

Among the member states for which data are available, in June this year the largest year-on-year decreases were registered in Greece (-6.9 percent), Malta (-3.8 percent) and Latvia (-2.0 percent), and the highest increases in Hungary (+11.3 percent), Romania (+9.9 percent) and Slovakia (+7.5 percent).

Source: http://www.steelorbis.com/steel-news/latest-news/euro-area-industrial-output-down-03-percent-in-june-from-may-841745.htm
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Euro Area Industrial Output Down 0.3 Percent in June From May
Topics: Metallurgy