Euro Area Industrial Production Contracts 0.6% YoY in April


Euro Area industrial production fell by 0.6 percent in April 2013 compared with April 2012, the slowest contraction since November of 2011.

In April 2013 compared with April 2012, production of durable consumer goods dropped by 6.2 percent in the Euro Area and by 4.3 percent in the EU27. Intermediate goods decreased by 2.8 percent and 2.9 percent respectively. Energy fell by 1.7 percent in the  euro area and by 2.8 percent in the EU27. Capital goods rose by 1.6 percent and by 1.9 percent respectively. Non-durable consumer goods increased by 1.6 percent in the euro area and 2.1 percent in the EU27. 

Among the Member States for which data are available, industrial production fell in thirteen and rose in eight. The largest decreases were registered in Finland (-10.2 percent), Italy (-4.6 percent) and the Czech Republic (-3.4 percent), and the highest increases in Romania (+12.6 percent), Lithuania (+5.0 percent) and Estonia (+2.7 percent).

On a month over month basis industrial output unexpectedly increased 0.4 percent . In April 2013 compared with March 2013, production of capital goods grew by 2.7% in the euro area and by 2.5% in the EU27. Non-durable consumer goods increased by 0.7% in both zones. Intermediate goods remained stable in the euro area and fell by 0.1% in the EU27. Energy decreased by 1.5% in both zones. Durable consumer goods dropped by 2.7% in the euro area and by 1.4% in the EU27.

Among the Member States for which data are available, industrial production rose in ten and fell in eleven. The highest increases were registered in Ireland (+3.0%), France (+2.3%) and Romania (+1.9%), and the largest decreases in Finland (-5.1%), the Netherlands (-4.3%) and Portugal (-3.6%).

Euro Area Industrial Production Contracts 0.6% YoY in April


Eurostat | Nuno Fontes | nuno@tradingeconomics.com
6/12/2013 10:53:18 AM