Euro Area Industrial Production Up 1.7% YoY


In February of 2014, Euro Area industrial output advanced 1.7 percent on a yearly basis, slightly up from a revised 1.6 percent growth rate in January. On a monthly basis, industrial production rose 0.2 percent, rebounding from a revised flat growth in the previous month.

Year-on-year, the increase in industrial production in the euro area is due to production of intermediate goods rising by 4.2 percent, capital goods by 4.0 percent and non-durable consumer goods by 2.8 percent, while production of durable consumer goods fell by 0.6 percent and energy by 8.5 percent. 

In the EU 28, the increase of 2.1 percent is due to production of intermediate goods rising by 4.6 percent, capital goods by 4.5 percent, non-durable consumer goods by 2.7 percent and durable consumer goods by 1.5 percent, while production of energy fell by 7.2 percent. 

The highest increases in industrial production were registered in Slovakia (+9.0 percent), Romania (+8.9 percent) and Hungary (+8.2 percent), and the largest decreases in the Netherlands (-8.9 percent), Finland (-5.4%) and Lithuania (-2.1 percent).  

On a monthly basis, the increase of 0.2 percent in industrial production in the euro area in February of 2014 is due to production of intermediate goods rising by 0.6 percent and non-durable consumer goods by 0.5 percent, while capital goods remained stable and durable consumer goods fell by 1.2 percent and energy by 1.7 percent. 

In the EU 28, the increase of 0.4 percent is due to production of non-durable consumer goods rising by 0.9 percent, intermediate goods by 0.5 percent and capital goods by 0.2 percent, while durable consumer goods fell by 0.7 percent and energy by 1.4 percent. 

The highest increases in industrial production were registered in Malta (+5.4 percent), Ireland (+5.0 percent) and Lithuania (+2.5 percent), and the largest decreases in Croatia (-2.8 percent), Estonia (-2.2 percent) and Romania (-1.3 percent). 

Euro Area Industrial Production Up 1.7% YoY


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
4/14/2014 10:13:27 AM