Euro Area Industrial Production Rises in March


Industrial production in the Eurozone increased 1.8 percent year-on-year in March, down from a revised 1.9 percent growth in February, as expected. On a monthly basis, industrial output surprisingly fell 0.3 percent, from a revised 1.0 percent rise in the previous month.

Compared with March 2014, industrial production went up by 1.8 percent, as production of non-durable consumer goods rose 5.7 percent, energy grew 3.8 percent and capital goods increased 0.3 percent. Intermediate goods remained stable and durable consumer goods fell 1.7 percent. 

In the EU28, the increase of 2.0 percent is due to production of non-durable consumer goods rising by 4.6 percent, energy by 2.3 percent, capital goods by 1.2 percent, intermediate goods by 0.9 percent and durable consumer goods by 0.3 percent. 

The highest increases in industrial production were registered in Ireland (+40.0 percent), Hungary (+8.9 percent), Latvia (+8.7 percent) and Poland (+6.6 percent). Decreases were recorded in Finland (-4.4 percent), Sweden (-1.1 percent), Malta (-1.0 percent) and Germany (-0.1 percent).

On a monthly basis, industrial production decreased 0.3 percent in the euro area due to a falling production of: energy (-1.7 percent); both capital goods and durable consumer goods (-0.9 percent), and intermediate goods (-0.3 percent). In contrast, non-durable consumer goods increased by 2.3 percent.

Industrial production remained stable in the EU28 due to production of non-durable consumer goods rising by 2.1 percent and intermediate goods remaining stable, while capital goods and durable consumer goods both fell by 0.5 percent, and energy by 1.0 percent. 

The largest decreases in industrial production were registered in the Netherlands (-3.6 percent), Lithuania (-3.4 percent) and Estonia (-1.0 percent), and the highest increases in Latvia (+10.9 percent), Denmark (+4.6 percent), and Ireland (+3.0 percent).

Euro Area Industrial Production Rises in March


Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/13/2015 10:40:09 AM