Euro Area Industrial Output Growth at 4-1/2-Year High


Industrial production in the Eurozone rose by 2.8 percent percent year-on-year in January 2016, compared to a downwardly revised 0.1 percent fall in the previous month and beating market consensus of 1.4 percent growth. It was the sharpest gain since August 2011, boosted by higher production of consumer, capital and intermediate goods. On a monthly basis, industrial output jumped 2.1 percent following a 0.5 percent decline in December.

Year-on-year, industrial production climbed 2.8 percent, due to higher production of non-durable consumer goods (+7.3 percent), capital goods (+4.6 percent), durable consumer goods (+3.2 percent) and intermediate goods (+1.9 percent), while production of energy fell (-3.7 percent). In the EU28, the increase of 2.5 percent is due to production of non-durable consumer goods rising by 5.3 percent, capital goods by 4.7 percent, durable consumer goods by 3 percent and intermediate goods by 1.4 percent, while production of energy fell by 2.7 percent. 

Among Member States for which data are available, the highest increases in industrial production were registered in Ireland (+42.7 percent), Lithuania (+10.5 percent) and Croatia (+9.3 percent), and the largest decreases in Malta (-8.9 percent), the Netherlands (-3.9 percent) and Finland (-1.9 percent).

On a monthly basis, the increase of 2.1 percent, is due to production of capital goods rising by 3.9 percent, energy and non-durable consumer goods both by 2.4 percent, durable consumer goods by 1.3 percent and intermediate goods by 0.9 percent. In the EU28, the increase of 1.7 percent is due to production of capital goods rising by 3.3percent, energy by 2 percent, nondurable consumer goods by 1.5 percent, and intermediate goods and durable consumer goods both by 1 percent. 

Among Member States for which data are available, the highest increases in industrial production were registered in Ireland (+12.7 percent), Estonia (+4.9 percent), Croatia (+3.2 percent) and Germany (+2.9 percent), and the largest decreases in Malta (-5 percent), Romania (-2.3 percent) and Finland (-2.1 percent).

Euro Area Industrial Output Growth at 4-1/2-Year High


Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
3/14/2016 10:13:51 AM