Euro Area Industrial Output Up 0.2% YoY


Industrial output in the Eurozone edged up 0.2 percent year-on-year in March of 2016, slowing from an upwardly revised 1 percent increase in the previous month and below market expectations of a 1.1 percent rise. It is the lowest gain so far this year as production of capital and intermediate goods slowed and non-durable goods declined 3.0 percent. On a monthly basis, industrial output shrank 0.8 percent, second straight decline.

Year-on-year, production of capital goods went up 1.6 percent, both intermediate goods and durable consumer goods grew 1.1 percent  while production of energy fell by 0.7 percent and non-durable consumer goods declined 3.0 percent.

In the EU28, the increase of 0.3 percent is due to production of capital goods rising by 1.8 percent, durable consumer goods by 1.4 percent and intermediate goods by 0.7 percent while production of energy fell by 0.4 percent and non-durable consumer goods dropped 2.5 percent. Among Member States for which data are available, the highest increases in industrial production were registered in Croatia (+6.9 percent), Sweden (+4.9 percent) and Slovenia (+4.4 percent) and the largest decreases in Ireland (-10.6 percent), Malta (-5.4 percent), Estonia (-4.8 percent) and Greece (-4.1 percent).

On a monthly basis, production of non-durable consumer goods fell 1.9 percent, capital goods declined 1.1 percent, intermediate goods decreased 0.8 percent and durable consumer goods dropped 0.4 percent while production of energy rose by 2.0 percent.

In the EU28, the decrease of 0.5 percent is due to production of non-durable consumer goods falling by 1.4 percent, both intermediate and capital goods declining 0.7 percent and durable consumer goods dropping 0.5 percent, while production of energy rose by 1.7 percent. Among Member States for which data are available, the largest decreases in industrial production were registered in Ireland (-11.2 percent), Lithuania (-3.5 percent) and Estonia (-3.3 percent), and the highest increases in Croatia (+5.0 percent), Latvia (+4.3 percent), the Czech Republic (+1.4 percent) and Spain (+1.3 percent).

Euro Area Industrial Output Up 0.2% YoY


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
5/12/2016 10:18:29 AM