Eurozone Industrial Output Rises 1.9% YoY In March


Industrial output in the Euro Area increased by 1.9 percent year-on-year in March 2017, following an upwardly revised 1.4 percent rise in February but below market expectations of 2.3 percent gain. it was the sharpest increase in industrial output in three months boosted by higher production of consumer, intermediate and capital goods.

Year-on-year, the increase of 1.9 percent in industrial production was due to higher production of durable consumer goods (4.1 percent from 1.7 percent in February), intermediate goods (3.2 percent from 2 percent), capital goods (2.7 percent from 1.5 percent) and non-durable consumer goods (1.7 percent from -2.3 percent), while production of energy fell sharply (-4.8 percent from 2.5 percent).

Among EA Member States for which data are available, the highest increases in industrial production were registered in Estonia (14.8 percent) and Latvia (10 percent). A decrease was observed in the Netherlands (-2.2 percent).

In the EU28, production rose 2.4 percent, following a 2.1 percent gain in the previous month and boosted by strong production of intermediate, consumer and capital goods, while production of energy contracted.

On a monthly basis, industrial output in the Euro Area edged down 0.1 percent in March 2017, the same pace as a downwardly revised 0.1 percent fall in February and below market expectations of 0.3 percent gain. The decline was led by a 3.2 percent drop in energy production, following a contraction of 4.9 percent in the previous month. Meanwhile, output rose for non-durable consumer goods (2.1 percent from -1.3 percent in February), durable consumer goods (0.9 percent from 0.5 percent), intermediate goods (0.3 percent from 1.2 percent) and capital goods (0.2 percent from 1 percent). In the first quarter of the year, industrial production showed no growth after expanding by 1.1 percent in the previous period.

Among EA Member States for which data are available, the largest decreases in industrial production were registered in Lithuania (-3.1 percent), Greece (-2 percent) and the Netherlands (-1.7 percent), and the highest increases in Estonia (2.4 percent) and France (2 percent).

In the EU28, indsutrial production showed no growth for the second consecutive period.

Eurozone Industrial Output Rises 1.9% YoY In March


Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/12/2017 9:27:24 AM