Industrial Output in the Euro Area Disappoints


Industrial production in the Eurozone rose 0.9 percent year-on-year in August of 2015, slowing from a downwardly revised 1.7 percent rise in the previous month and the lowest gain since April. Yet, compared to the previous month, the output shrank 0.5 percent, the fourth fall in eight months.

Year-on-year, production of durable consumer goods rose by 4.5 percent, capital goods by 2.8 percent and non-durable consumer goods by 0.9 percent, while production of intermediate goods fell by 0.6 percent and energy by 1.6 percent.

In the EU28, industrial output increased 1.9 percent. Among Member States, the highest increases were registered in Ireland (+15.0 percent), Malta (+9.3 percent), Latvia (+6.4 percent), the Czech Republic and Sweden (both +6.3 percent). Decreases were observed in the Netherlands (-8.9 percent), Estonia (-2.7 percent), Finland (-2.3 percent) and Slovakia (-0.4 percent).

The decrease of 0.5 percent in industrial production in the euro area in August compared with July 2015, is due to production of energy falling by 3.0 percent, capital goods by 1.0 percent and non-durable consumer goods by 0.1 percent, while production of intermediate goods rose by 0.2 percent and durable consumer goods by 2.3 percent.

In the EU28, industrial production fell 0.3 percent. Among Member States, the largest decreases in were registered in the Czech Republic (-4.3 percent), Croatia (-4.1 percent) and Lithuania (-3.5 percent), and the highest increases in Sweden (+4.0 percent), Greece (+3.9 percent), Denmark and France (both +1.6 percent).  

Industrial Output in the Euro Area Disappoints


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
10/14/2015 10:15:07 AM