Trade Resources Market View In January,Seasonally-Adjusted Industrial Production Decreased by 0.2% in The Euro Area

In January,Seasonally-Adjusted Industrial Production Decreased by 0.2% in The Euro Area

In January this year, seasonally-adjusted industrial production decreased by 0.2 percent in the euro area and rose by 0.1 percent in the EU-28 as compared with December, while industrial production in December had decreased by 0.4 percent month on month in both zones. In January this year compared with January 2013, industrial production increased by 2.1 percent in the euro area and by 2.4 percent in the EU-28. These figures are released by Eurostat, the Statistical Office of the European Union.

As compared to December, in January this year the production of capital goods increased by 0.9 percent in the euro area and by 1.3 percent in the EU-28. Meanwhile, in the given month, production of non-durable consumer goods rose by 0.4 percent in the euro area and decreased by 0.4 percent in the EU-28, while production of intermediate goods decreased by 0.1 percent in the euro area and increased by 0.4 percent in the EU-28, month on month. In January of the current year, production of durable consumer goods decreased by 0.6 percent in the euro area, but increased by 0.8 percent in the EU-28, while production of energy decreased by 2.5 percent in the euro area and fell 1.7 percent in the EU-28, all month on month.

Among the member states, the highest month-on-month increases were registered in Croatia (+5.4 percent), Estonia (+4.3 percent) and Hungary (+3.1 percent), and the largest decreases in Latvia (-10.7 percent), the Netherlands (-6.4 percent), Finland (-3.5 percent) and Lithuania (-2.8 percent).

As compared to the same month of 2013, in January this year production of non-durable consumer goods increased by 1.4 percent in the euro area and by 0.4 percent in the EU-28, while production of intermediate goods rose by 3.7 percent in the euro area and by 4.5 percent in the EU-28. Production of durable consumer goods rose by 1.2 percent in the euro area and by 1.8 percent in the EU-28. Production of energy dropped by 4.6 percent in the euro area and by 4.4 percent in the EU-28, while production of capital goods increased by 5.8 percent both in the euro area and the EU-28, all year on year.

Among the member states for which data are available, in January this year the largest year-on-year decreases were registered in Malta (-12.0 percent), Latvia (-11.0 percent), Lithuania (-7.6 percent) and Finland (-7.1 percent), and the highest increases in Luxemburg (+12.7 percent), Romania (+10.5 percent), Poland (+6.4 percent) and Hungary (+6.1 percent).

Source: http://www.steelorbis.com/steel-news/latest-news/euro-area-industrial-output-down-02-percent-in-jan-from-dec-817623.htm
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Euro Area Industrial Output Down 0.2 Percent in Jan From Dec
Topics: Metallurgy