Euro Area Industrial Production Rose 1.1% YoY in September


In September, Euro Area industrial production rose for the first time in 21 months by an annual 1.1 percent, mainly due to higher production of intermediate and non-durable goods. But compared with August, industrial production fell by a seasonally adjusted 0.5 percent after increasing 1 percent in the previous month.

In September, industrial production in the European Union (EU28) were up by 1.2 percent over a year earlier, but dropped by 0.2 percent on a monthly basis.

Year-on-year, production of non-durable consumer goods grew by 2.2 percent in the Euro Area and by 1.7 percent in the EU28. Intermediate goods rose by 0.9 percent and 1.0 percent respectively. Capital goods increased by 0.8 percent in the Euro Area and by 1.9 percent in the EU28. Energy dropped by 0.5 percent and 1.1 percent respectively. Durable consumer goods fell by 1.3 percent in the Euro Area and by 1.1 percent in the EU28.

Among the Member States for which data are available, industrial production rose in sixteen and fell in nine. The highest increases were registered in Ireland (+11.7 percent), Romania (+8.9 percent), Slovakia (+7.5 percent) and Poland (+5.6 percent), and the largest decreases in Luxembourg (-4.0 percent), Croatia (-3.9 percent) and Italy (-3.0 percent).  

Month over month, industrial production fell in twelve and rose in thirteen countries. The largest decreases were registered in Portugal (-11.2 percent), Luxembourg (-4.1 percent), Croatia (-3.3 percent) and the Czech Republic (-2.8 percent), and the highest increases in Ireland (+2.9 percent), Romania (+2.4 percent), Hungary (+1.8 percent) and Poland (+1.4 percent). 

Euro Area Industrial Production Rose 1.1% YoY in September


Eurostat | Krisztina Györffy | krisztina@tradingeconomics.com
11/13/2013 10:30:02 AM