Euro Area Industrial Output Rises 1.7% in September


Industrial production in the Eurozone rose 1.7 percent year-on-year in September of 2015, from an upwardly revised 2.2 percent growth in the previous month and beating market consensus of 1.3 percent. On a monthly basis, however, output shrank by a higher-than-expected 0.3 percent, following a downwardly revised 0.4 percent drop and marking the second straight month of output contraction.

Year-on-year, industrial production increased by 1.7 percent, as production of durable consumer goods rose by 2.6 percent, capital goods by 2.2 percent, non-durable consumer goods by 2.1 percent and intermediate goods by 1.8 percent, while production of energy fell by 1.4 percent. In the EU28, the increase of 1.8 percent was due to higher production of capital goods by 2.7 percent, both durable and nondurable consumer goods by 1.7 percent, intermediate goods by 1.4 percent and energy by 0.1 percent.

Among Member States, the highest increases in industrial production were registered in Ireland (+14.6 percent), Hungary (+7.9 percent), Slovakia (+7.2 percent) and Sweden (+7.1 percent). By contrast, decreases were observed in the Netherlands (-5.6 percent), Estonia (-4.1 percent) and Lithuania (-0.6 percent).

Compared to the previous month, output fell by 0.3 percent, as production of durable consumer goods fell by 3.9 percent, non-durable consumer goods by 1 percent and capital goods by 0.3 percent, while production of intermediate goods remained stable and energy rose by 1.2 percent. In the EU28, the decrease of 0.1 percent was due to production of durable consumer goods falling by 2.5 percent, non-durable consumer goods by 0.6 percent and energy by 0.2 percent, while production of both capital goods and intermediate goods rose by 0.1 percent.

Among Member States, the largest decreases in industrial production were registered in Ireland (-2.4 percent), Lithuania (-2.3 percent) and Greece (-1.9 percent), and the highest increases in Croatia (+5.9 percent), Hungary (+2.9 percent), the Czech Republic (+2.6 percent) and Slovakia (+2.2 percent). 

Euro Area Industrial Output Rises 1.7% in September


Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
11/12/2015 10:47:08 AM