Euro Area Industrial Production Beats Expectations


Euro Area industrial output rose 1.4 percent year-on-year in April, boosted by a surge in production of non-durable consumer goods. On a monthly basis, industrial production rose 0.8 percent, the strongest expansion in five months.

The increase of 1.4 percent in industrial production in the euro area in April of 2014 compared with April of 2013, is due to production of non-durable consumer goods rising by 5.0 percent, intermediate goods by 3.4 percent, durable consumer goods by 1.0 percent and capital goods by 0.3 percent, while energy fell by 6.7 percent.

In the EU28, the increase of 2.1 percent is due to production of intermediate goods rising by 4.3 percent, non-durable consumer goods by 4.2 percent, durable consumer goods by 2.0 percent and capital goods by 1.8 percent, while energy fell by 6.0 percent. 

The highest increases in industrial production were registered in Ireland (+15.0 percent), Hungary (+10.1 percent), the Czech Republic (+9.2 percent) and Portugal (+5.8 percent), and the largest decreases in Malta (-11.4 percent), the Netherlands (-3.4 percent) and Greece (-2.4 percent).  

The increase of 0.8 percent in industrial production in the euro area in April compared with March, is due to production of energy rising by 2.5 percent, non-durable consumer goods by 2.1 percent and intermediate goods by 0.6 percent, while durable consumer goods and capital goods remained almost stable. 

In the EU28, the increase of 0.7 percent is due to production of energy rising by 1.8 percent, non-durable consumer goods by 1.4 percent, durable consumer goods by 0.7 percent, intermediate goods by 0.6 percent and capital goods by 0.4 percent. 

The highest increases in industrial production were registered in Portugal (+6.7 percent), Lithuania (+4.9 percent), the Netherlands (+3.5 percent) and Hungary (+2.5 percent), and the only decreases in Malta (-6.0 percent), Croatia (-2.9 percent), Denmark (-0.9 percent), Romania and Finland (both -0.3 percent).

Euro Area Industrial Production Beats Expectations


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
6/12/2014 10:13:50 AM