Euro Area Industrial Output Beats Expectations


Industrial production in the Eurozone grew 2 percent years-on-year in April of 2016, following a meager 0.2 percent rise in March and beating market expectations of a 1.4 percent gain. It is the highest increase in three months. On a monthly basis, industrial output rebounded after two straight falls, boosted by a surge in the output of durable consumer goods.

Year-on-year, production of capital goods went up 3.8 percent; intermediate and durable consumer goods rose 1.5 percent each; energy output increased 1.3 percent and non-durable consumer goods grew 1.0 percent. 

Considering the European Union, industrial production rose 2.5 percent: the highest increases were registered in Slovakia (+7.2 percent), Poland (+5.9 percent), Slovenia (+5.3 percent), Hungary (+5.2 percent) and Croatia (+5.0 percent), while decreases were observed in Malta (-3.6 percent), Luxembourg (-2.5 percent), Lithuania (-1.3 percent) and Latvia (-0.5 percent).

On a monthly basis, industrial production in the Eurozone increased 1.1 percent, boosted by rising output for durable consumer goods (2.3 percent), capital goods (1.9 percent), non-durable consumer goods (1.6 percent), intermediate goods (0.4 percent) and energy (0.3 percent). 

In the EU28, production rose 1.3 percent: the highest increases in industrial production were registered in Ireland (+6.7 percent), Portugal (+6.4 percent), Estonia (+5.9 percent) and Hungary (+5.4 percent), and the largest decreases in Croatia (-2.8 percent) Lithuania (-2.7 percent) and Latvia (-2.0 percent).

Euro Area Industrial Output Beats Expectations


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
6/14/2016 10:24:18 AM