Eurozone Industrial Output Rises the Most in 4 Months


Industrial production in the Euro Area increased by 1.8 percent year-on-year in August 2016, following a 0.5 percent contraction in July and beating market expectations of a 1.1 percent gain. On a monthly basis, industrial output jumped 1.6 percent, after falling by an upwardly revised 0.7 percent in the previous month and better than market expectations of a 1.5 percent growth.

Output increased by 1.8 percent compared with August 2015, due to higher production of durable consumer goods (+4.9 percent), capital goods (+2.6 percent), intermediate goods (+2 percent) and energy (+1.5 percent), while production of non-durable consumer goods fell by 0.1 percent. 

In the EU28, the increase of 1.8 percent is due to production of durable consumer goods rising by 4.6 percent, capital goods by 3.3 percent, intermediate goods by 1.9 percent, energy by 0.2 percent and non-durable consumer goods by 0.1 percent. Among Member States for which data are available, the highest increases in industrial production were registered in the Czech Republic (+7.7 percent), Slovenia (+5.9 percent) and Poland (+5.1 percent), and the largest decreases in Ireland (-8.5 percent), Sweden (-6.2 percent) and Malta (-3.9 percent).

On a monthly basis, the increase of 1.6 percent is due to production of durable consumer goods rising by 4.3 percent, capital goods by 3.5 percent, energy by 3.3 percent and intermediate goods by 1.4 percent, while production of non-durable consumer goods fell by 0.6 percent.

In the EU28, the increase of 1.4 percent is due to production of capital goods rising by 3.8 percent, durable consumer goods by 2.7 percent, energy by 1.9 percent and intermediate goods by 0.9 percent, while production of non-durable consumer goods fell by 0.5 percent. Among Member States for which data are available, the highest increases in industrial production were registered in the Czech Republic (+12.1 percent), the Netherlands (+4.4 percent) and Germany (+3.1 percent), and the largest decreases in Ireland (-13.4 percent), Finland (-3.5 percent) and Sweden (-2.9 percent).

Eurozone Industrial Output Rises the Most in 4 Months


Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
10/12/2016 9:21:44 AM