Euro Area Industrial Production Rises More than Expected


Industrial production in the Euro Area increased 1.2 percent year-on-year in September of 2016, following an upwardly revised 2.2 percent gain in August and better than market expectations of a 1 percent rise. On a monthly basis, production declined 0.8 percent, compared to forecasts of a 1 percent drop and mostly due to a fall in durable goods.

Year-on-year, production went up for non-durable consumer goods (1.9 percent); intermediate goods (1.3 percent); capital goods (1.2 percent) and energy (0.7 percent) but fell for durable consumer goods (-0.2 percent). 

Considering the EU28, output went up 1.2 percent, due to intermediate goods (1.6 percent); capital goods (1.5 percent); durable consumer goods (0.9 percent) and non-durable consumer goods (0.8 percent) while production of energy fell 0.1 percent. Among Member States for which data are available, the highest increases were registered in Lithuania (+7.9 percent), Slovenia (+7.4 percent) and Estonia (+6.5 percent) while decreases were seen in Denmark (-3.2 percent), France (-1.0 percent) and Ireland (-0.9 percent).

On a monthly basis, Eurozone industrial output fell 0.8 percent, dragged down by production of durable consumer goods (-5.6 percent); capital goods (-2.2 percent); intermediate goods (-0.7 percent) and energy (-0.2 percent) while production of non-durable consumer goods rose by 0.3 percent. 

In the EU28, the decrease of 0.7 percent is due to production of durable consumer goods falling by 3.7 percent; capital goods by 1.6 percent; energy by 0.6 percent; non-durable consumer goods by 0.4 percent and intermediate goods by 0.1 percent. Among Member States for which data are available, the largest decreases were registered in Denmark (-8.1 percent); Germany (-1.9 percent) and Greece (-1.8 percent), and the highest increases in Sweden (+7.6 percent); Ireland (+6.4 percent) and Estonia (+5.2 percent).

Euro Area Industrial Production Rises More than Expected


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
11/14/2016 10:33:29 AM