Euro Area Industrial Production Disappoints


Industrial output in the Eurozone rose 0.8 percent year-on-year in April, slowing from an upwardly revised 2.1 percent gain in March and below market expectations. Compared with the previous month, production edged up a meager 0.1 percent.

Year-on-year, production of capital goods rose 2.1 percent, durable consumer goods 1.7 percent and both intermediate goods and energy by 0.2 percent, while non-durable consumer goods fell by 0.3 percent. 

In the EU28, the increase of 1.2 percent is due to production of capital goods rising by 2.4 percent durable consumer goods by 1.7 percent, energy by 1.1 percent and intermediate goods by 0.8 percent, while non-durable consumer goods fell by 0.8 percent. 

Among Member States for which data are available, the highest increases were registered in Latvia (+10.2 percent), Ireland (+9.8 percent) and Hungary (+6.3 percent). Decreases were recorded in Finland (-4.1 percent), the Netherlands (-3.9 percent), Portugal (-1.1 percent) and Estonia (-0.2 percent).  

Month-over-month, the increase of 0.1 percent in industrial production in the Euro Area in April 2015 is due to production of durable consumer goods rising by 1.0 percent, capital goods by 0.7 percent and intermediate goods by 0.3 percent, while non-durable consumer goods fell by 0.8 percent and energy by 1.6 percent.

In the EU28, the increase of 0.1 percent is due to production of capital goods rising by 0.6 percent and durable consumer goods by 0.5 percent, while intermediate goods were stable. Energy fell by 0.4 percent and non-durable consumer goods by 1.2 percent.

Among Member States for which data are available, the highest increases in industrial production were registered in Lithuania (+3.4 percent), Sweden (+2.2 percent) and Portugal (+2.1 percent), and the largest decreases in Croatia (-4.1 percent), Malta (-3.8 percent), Greece (-2.3 percent) and Poland (-2.1 percent).   

Euro Area Industrial Production Disappoints


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
6/12/2015 12:54:00 PM