Euro Area Industrial Production Gains 1.2% in January


Factory output in the Eurozone rose 1.2 percent year-on-year in January of 2015 compared with a 0.6 percent increase reported in December. Yet, on a monthly basis, industrial production unexpectedly shrank 0.1 percent.

The increase of 1.2 percent in industrial production in the euro area in January 2015 compared with January 2014, is due to production of energy rising by 2.9 percent, non-durable consumer goods by 2.7 percent, durable consumer goods by 2.5 percent, capital goods by 1.4 percent and intermediate goods by 0.7 percent.

In the EU28, industrial production rose 1.5 percent. Among Member States for which data are available, the highest increases in industrial production were registered in Ireland (+8.8 percent), Malta (+8.1 percent) and Hungary (+7.8 percent), and the largest decreases in Croatia (-4.9 percent), Finland (-4.2 percent) and Latvia (-3.5 percent). 

On a monthly basis, the decrease of 0.1 percent in industrial production in the Euro Area in January is due to production of durable consumer goods falling by 2.2 percent and intermediate goods by 0.5 percent, while capital goods and non-durable consumer goods both increased by 0.1 percent and energy by 0.9 percent. 

Industrial production remained stable in the EU28. Among Member States for which data are available, the largest decreases in industrial production were registered in Croatia (-4.0 percent), Latvia (-3.1 percent), Finland (-2.5 percent) and Lithuania (-2.3 percent), and the highest increases in Malta (+6.1 percent), Hungary (+4.3 percent) and Bulgaria (+2.0 percent).

Euro Area Industrial Production Gains 1.2% in January


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
3/12/2015 10:40:09 AM