Euro Area Industrial Production Below Expectations


Industrial output in the Eurozone increased 0.8 percent year-on-year in February of 2016, following an upwardly revised 2.9 percent surge in the previous month and below market expectations of a 1.2 percent rise. On a monthly basis, industrial output fell a bigger-than-expected 0.8 percent.

Year-on-year, production of capital goods went up 3 percent, intermediate goods rose 1.9 percent, durable consumer goods grew 0.8 percent and non-durable consumer goods increased 0.7 percent, while production of energy fell 5.2 percent. 

In the EU28, industrial production went up 0.8 percent. Among Member States for which data are available, the highest increases were registered in Slovakia (+7.4 percent), Slovenia (+6.5 percent) and Lithuania (+6.3 percent) and the largest decreases in Malta (-4.6 percent), Greece (-3.0 percent) and the Netherlands (-2.8 percent).

On a monthly basis, production of non-durable consumer goods fell 1.8 percent, energy declined 1.2 percent, durable consumer goods dropped 0.4 percent and capital goods went down 0.3 percent, while production of intermediate goods remained stable.

In the EU28, industrial production declined 0.7 percent. Among Member States for which data are available, the largest decreases were registered in Ireland (-10.5 percent), Greece (-4.4 percent) and Croatia (-1.6 percent), and the highest increases in Lithuania (+2.5 percent), Slovakia (+2.4 percent) and Malta (+1.8 percent).

Euro Area Industrial Production Below Expectations


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
4/13/2016 10:15:06 AM