Euro Area Industrial Production Up 2.1% YoY in January


Euro Area industrial output rose at a faster-than-expected 2.1 percent over a year earlier in January of 2014, compared with a 0.5 percent rise in the previous month. On a monthly basis, production shrank for the second straight month by 0.2 percent on falling energy output.

Year-on-year, production of capital goods increased 5.8 percent, intermediate goods by 3.7 percent, non-durable consumer goods by 1.4 percent and durable consumer goods by 1.2 percent, while production of energy fell by 4.6 percent. 

In the EU28, the increase of 2.4 percent is due to production of capital goods rising by 5.8%, intermediate goods by 4.5 percent, durable consumer goods by 1.8 percent and non-durable consumer goods by 0.4%, while production of energy fell by 4.4 percent. 

The highest increases in industrial production were registered in Luxembourg (+12.7 percent), Romania (+10.5 percent), Poland (+6.4 percent) and Hungary (+6.1 percent), and the largest decreases in Malta (-12.0 percent), Latvia (-11.0 percent), Lithuania (-7.6 percent) and Finland (-7.1 percent).  

On a monthly basis, the drop in industrial output was driven by energy production falling by 2.5 percent and durable consumer goods by 0.6 percent, while intermediate goods remained almost stable at -0.1 percent. Non-durable consumer goods increased by 0.4% and capital goods by 0.9 percent. 

In the EU28, industrial production increase 0.1 percent.

The largest decreases in industrial production were registered in Latvia (-10.7 percent), the Netherlands (-6.4 percent), Finland (-3.5 percent) and Lithuania (-2.8 percent), and the highest increases in Croatia (+5.4 percent), Estonia (+4.3 percent) and Hungary (+3.1 percent).   

Euro Area Industrial Production Up 2.1% YoY in January


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
3/12/2014 10:17:03 AM