Euro Area Industrial Production Up to 2-Year High


In November of 2013, Euro Area industrial production rose by an annual 3 percent, the highest growth rate in more than two years, boosted by higher production of capital and intermediate goods. On a monthly basis, industrial output expanded at a faster-than-expected 1.8 percent.

Year-on-year, industrial production rose 3 percent in the EU 28. Production of capital goods rose by 4.4 percent in the euro area and by 4.7 percent in the EU 28. Intermediate goods grew by 3.3 percent and 3.5 percent respectively. Non-durable consumer goods increased by 3.1 percent in the euro area and by 2.7 percent in the EU28. Energy decreased by 0.5 percent and 1.4 percent respectively. Durable consumer goods fell by 0.8 percent in the euro area and by 0.3 percent in the EU28.

Among the Member States for which data are available, industrial production rose in nineteen and fell in six. The highest increases were registered in Ireland (+13.2 percent), Slovakia (+12.7 percent), the Czech Republic (+8.8 percent) and Romania (+8.7 percent), and the largest decreases in Malta (-8.6 percent) and Greece (-6.2 percent).

Seasonally adjusted industrial production grew by 1.5 percent in the EU 28. On a monthly basis, production of capital goods grew by 3.0 percent in the euro area and by 2.6 percent in the EU28. Durable consumer goods increased by 2.2 percent and 1.5 percent respectively. Energy rose by 1.8 percent in the euro area and by 1.2 percent in the EU 28. Non-durable consumer goods gained 1.4 percent and 0.9 percent respectively. Intermediate goods grew by 1.0 percent in the euro area and by 0.8 percent in the EU 28.

Euro Area Industrial Production Up to 2-Year High


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
1/14/2014 10:14:53 AM