Euro Area Industrial Production Beats Expectations


Industrial production in the Eurozone increased 1.6 percent year-on-year in February, up from a revised 0.4 percent rise in January and better than market expectations. On a monthly basis, industrial output went up 1.1 percent, the highest gain in ten months.

Production of energy rose by 6.6 percent, non-durable consumer goods by 1.8 percent, capital goods by 1.1 percent and durable consumer goods by 0.5 percent, while intermediate goods fell by 0.2 percent.

In the EU28, the increase of 1.4 percent is due to production of energy rising by 3.9 percent, capital goods by 1.7 percent, durable consumer goods by 1.3 percent, and both intermediate goods and non-durable consumer goods by 0.7 percent.

The highest increases in industrial production were registered in Ireland (+30.3 percent), the Netherlands (+6.6 percent), Hungary (+5.9 percent) and Slovenia (+5.8 percent), and the largest decreases in Finland (-5.2 percent), Sweden (-3.7 percent) and Denmark (-2.5 percent).

On a monthly basis, industrial production increased 1.1 percent in the Euro Area, boosted by a 1.6 percent rise in production of non-durable consumer goods; energy (+1.1 percent), both capital goods and durable consumer goods (+1.0 percent) and intermediate goods (+0.3 percent).

In the EU28, the increase of 0.9 percent is due to production of non-durable consumer goods rising by 1.1 percent, capital goods by 0.9 percent, energy by 0.6 percent, durable consumer goods by 0.5 percent and intermediate goods by 0.3 percent.

The highest increases in industrial production were registered in Ireland (+16.3 percent), Lithuania (+6.1 percent), Croatia (+3.5 percent) and Greece (+2.5 percent), and the largest decreases in Malta (-1.3 percent), Bulgaria (-0.6 percent) and Portugal (-0.5 percent).

Euro Area Industrial Production Beats Expectations


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
4/14/2015 10:19:05 AM