Euro Area Industrial Output Beats Forecasts


Industrial output in the Eurozone rose 1.9 percent year-on-year in July of 2015 higher than an upwardly revised 1.5 percent gain in June. On a monthly basis, production went up for the first time in three months by 0.6 percent, boosted by higher volume of energy, capital and durable consumer goods.

Year-on-year, production of energy went up 5.1 percent, durable consumer goods rose 2.6 percent, capital goods increased 2.2 percent, non-durable consumer goods rose 1.7 percent and intermediate goods edged up 0.5 percent.

In the EU28, the increase of 1.8 percent is due to production of energy rising by 4.8 percent, durable consumer goods by 3.0 percent, capital goods by 1.8 percent, non-durable consumer goods by 1.3 percent and intermediate goods by 0.8 percent.

Among Member States for which data are available, the highest increases in industrial production were registered in Ireland (+17.9 percent), Slovakia (+11.9 percent), Latvia (+8.3 percent), Malta (+7.7 percent) and the Czech Republic (+7.2 percent). Decreases were observed in Estonia (-5.9 percent), the Netherlands (-4.4 percent), Greece (-1.5 percent), France and Finland (both -1.4 percent).

On a monthly basis, industrial production rose 0.6 percent, rebounding from a downwardly revised 0.3 percent drop in June, driven by production of energy (up 3.0 percent), capital goods (up 1.4 percent) and durable consumer goods (up 1.3 percent), while production of both intermediate goods and non-durable consumer goods fell 0.6 percent.

In the EU28, the increase of 0.3 percent is due to production of energy rising by 2.1 percent, capital goods by 0.7 percent and durable consumer goods by 0.6 percent, while production of intermediate goods fell by 0.6 percent and non-durable consumer goods by 0.2 percent.

Among Member States for which data are available, the highest increases in industrial production were registered in Ireland (+7.2 percent), Greece (+4.3 percent), Croatia (+3.6 percent) and Latvia (+2.8 percent), and the largest decreases in Denmark (-4.6 percent), Sweden (-2.1 percent) and Malta (-1.8 percent).

Euro Area Industrial Output Beats Forecasts


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
9/14/2015 10:30:36 AM