Euro Area October Industrial Production Weaker Than Expected


In October of 2013, industrial production increased by an annual 0.2 percent in the Euro Area, the same rate recorded in September and below market expectations. On a monthly basis, industrial output fell sharply by 1.1 percent.

In the EU28, industrial production rose 0.8 percent yoy. In October 2013 compared with October 2012, production of intermediate goods grew by 1.6 percent in the euro area and by 2.0 percent in the EU28. Capital goods rose by 1.2 percent and 2.1 percent respectively. Non-durable consumer goods dropped by 0.6 percent in the euro area and by 0.2 percent in the EU28. Energy decreased by 3.4 percent and 2.9 percent respectively. Durable consumer goods fell by 5.4 percent in the euro area and by 4.1 percent in the EU28. 

Among the Member States for which data are available, industrial production rose in twelve and fell in eleven. The highest increases were registered in Romania (+10.2 percent), Estonia (+6.9 percent), Hungary (+6.1 percent) and the Czech Republic (+6.0 percent), and the largest decreases in Malta (-13.9 percent), Ireland (-7.5 percent), Sweden (-6.5 percent) and Greece (-5.3 percent).  

On a monthly basis, production of energy fell by 4.0 percent in the euro area and by 2.7 percent in the EU28. Durable consumer goods decreased by 2.4 percent and 1.5 percent respectively. Capital goods dropped by 1.3 percent in the euro area and by 0.9 percent in the EU28. Non-durable consumer goods declined by 0.9 percent and 0.8 percent respectively. Intermediate goods increased by 0.4 percent in the euro area and by 0.5 percent in the EU28. 

Among the Member States for which data are available, industrial production fell in twelve and rose in eleven. The largest decreases were registered in Ireland (-11.6 percent), Malta (-7.4 percent), the Netherlands (-3.5 percent) and Sweden (-1.4 percent), and the highest increases in Lithuania (+2.2 percent), Denmark (+1.8 percent), the Czech Republic and Romania (both +1.7 percent).

Euro Area October Industrial Production Weaker Than Expected


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
12/12/2013 10:28:05 AM