Euro Area Industrial Production Rises in June


Industrial production in the Eurozone increased 1.2 percent year-on-year in June, compared to 1.6 percent growth in May, but below market expectations. On a monthly basis, industrial output fell 0.4 percent, from a 0.2 percent contraction in the previous month.

Compared with June 2014, industrial production went up by 1.2 percent, as production of non-durable consumer goods rose by 2.5 percent, capital goods by 1.7 percent, intermediate goods by 0.2 percent and durable consumer goods by 0.1 percent, while production of energy remained stable. In the EU28, the increase of 1.7 percent was due to production of capital goods rising by 2.4 percent, durable consumer goods by 2.2 percent, energy by 1.7 percent, non-durable consumer goods by 1.5 percent and intermediate goods by 0.8 percent. 

Among Member States, the highest increases were registered in Ireland (+27.6 percent), Denmark (+7.6 percent), Lithuania (+6.9 percent) and Slovakia (+6.4 percent). Decreases were observed in Greece (-4.6 percent), Estonia (-3.4 percent), the Netherlands (-2.4 percent), Finland (-1.1 percent) and Italy (-0.3 percent).

On a monthly basis, industrial production decreased more than expected by 0.4 percent, as production of durable consumer goods dropped by 2 percent, capital goods by 1.8 percent and intermediate goods by 0.5 percent, while production of non-durable consumer goods remained stable. In contrast, production of energy rose by 3.2 percent. In the EU28, the decrease of 0.2 percent is due to production of capital goods falling by 1.2 percent, durable consumer goods by 0.4 percent, non-durable consumer goods by 0.3 percent and intermediate goods by 0.1 percent, while production of energy rose by 1.5 percent.

Among Member States, the largest decreases were registered in Croatia (-2.9 percent), Portugal (-2.1 percent) and Ireland (-2 percent), while the highest increases were reported in Denmark (+4.2 percent), the Netherlands (+3.9 percent) and Slovakia (+1.4 percent). 

Euro Area Industrial Production Rises in June


Eurostat | joana.ferreira@tradingeconomics.com
8/12/2015 10:50:23 AM