Euro Area Industrial Output Contracts in March


Euro Area industrial production unexpectedly fell 0.1 percent year-on-year in March, hurt by a drop in energy output. On a monthly basis, industrial production shrank 0.3 percent.

The decrease of 0.1 percent in industrial production in the euro area in March 2014, compared with March 2013, is due to production of energy falling by 11.9 percent and durable consumer goods by 0.9 percent, while non-durable consumer goods rose by 1.3 percent, intermediate goods by 2.2 percent and capital goods by 2.6 percent. 

In the EU28, the increase of 0.5 percent is due to production of intermediate goods and capital goods both rising by 3.0 percent and non-durable consumer goods by 1.8 percent, while durable consumer goods fell by 0.3 percent and energy by 10.5 percent. 

The largest decreases in industrial production were registered in the Netherlands (-12.5 percent), Lithuania (-10.2 percent) and Finland (-5.4 percent), and the highest increases in Luxembourg (+13.5 percent), Romania (+9.6 percent) and Hungary (+8.1 percent).  

The decrease of 0.3 percent in industrial production in the euro area in March 2014, compared with February 2014, is due to production of intermediate goods falling by 0.8%, non-durable consumer goods by 0.5%, energy by 0.4% and capital goods by 0.3%, while durable consumer goods remained stable. 

In the EU28, the decrease of 0.2 percent is due to production of energy falling by 0.6 percent, intermediate goods by 0.5 percent, durable consumer goods by 0.4 percent, capital goods by 0.2 percent and non-durable consumer goods by 0.1 percent. 

The largest decreases in industrial production were registered in Portugal (-4.8 percent), Lithuania (-3.7 percent), Sweden (-2.5 percent) and Greece (-1.9 percent), and the highest increases in Ireland (+5.6 percent), Denmark (+3.1 percent) and Slovenia (+2.0 percent). 

Euro Area Industrial Output Contracts in March


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
5/14/2014 10:12:27 AM