Eurozone Industrial Output Grows 0.4% YoY in June


Industrial production in the Euro Area rose a meager 0.4 percent year-on-year in June 2016, following a downwardly revised 0.3 percent rise in May and missing market expectations of 0.7 percent gain. On a monthly basis, industrial output went up 0.6 percent, rebounding from a 1.2 percent drop in the previous month and better than market expectations of a 0.5 percent gain.

Year-on-year, industrial output rose 0.4 percent, due to production of capital goods rising by 1.1 percent, both durable consumer goods and non-durable consumer goods by 0.9 percent and intermediate goods by 0.4 percent, while production of energy fell by 3.5 percent. In the EU28, the increase of 0.5 percent is due to production of capital goods rising by 1.4 percent, durable consumer goods by 1.3 percent, non-durable consumer goods by 0.8 percent and intermediate goods by 0.3 percent, while production of energy fell by 3.1 percent.

Among Member States for which data are available, the highest increases in industrial production were registered in Latvia (+7.9 percent), Greece (+7.6 percent) and Slovenia (+6.1 percent), and the largest decreases in Malta (-8.5 percent), Estonia (-4.6 percent) and Sweden (-3.1 percent). 

On a monthly basis, industrial production increased 0.6 percent, due to production of capital goods rising by 1.3 percent, durable consumer goods by 1.0 percent and non-durable consumer goods by 0.7 percent, while production of intermediate goods fell by 0.2 percent and energy by 0.6 percent. In the EU28, the increase of 0.5 percent is due to production of capital goods rising by 1.3 percent, durable consumer goods by 0.9 percent and non-durable consumer goods by 0.1 percent, while production of intermediate goods fell by 0.1 percent and energy by 0.5 percent.

Among Member States for which data are available, the highest increases in industrial production were registered in Ireland (+7.1 percent), Bulgaria (+3.9 percent) and Greece (+3.8 percent), and the largest decreases in Estonia (-3.1 percent), Hungary (-2.3 percent) and Malta (-1.6 percent). 

Eurozone Industrial Output Grows 0.4% YoY in June


Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
8/12/2016 10:46:17 AM