Euro Area Industrial Production Beats Expectations


Industrial output in the Eurozone went up 1.9 percent year-on-year in October of 2015, higher than a downwardly revised 1.3 percent rise in the previous month. On a monthly basis, industrial output grew 0.6 percent, after falling in the previous two months, posting the highest gain since July.

Year-on-year, production of durable consumer goods rose 4.2 percent, capital goods went up 3.5 percent, intermediate goods increased 1.5 percent, non-durable consumer goods grew 0.7 percent and energy edged up 0.2 percent. In the EU28, industrial output increased 2.4 percent. Among Member States for which data are available, the highest increases in industrial production were registered in Ireland (+14.6 percent), Lithuania (+6.5 percent), the Czech Republic and Croatia (both +6.4%), and the largest decreases in the Netherlands (-2.6 percent), Estonia (-2.1 percent) and Greece (-1.9 percent). 

On a monthly basis, the increase of 0.6 percent in industrial production in the euro area is due to production of durable consumer goods rising by 1.8 percent, capital goods by 1.4 percent, energy by 0.6 percent and nondurable consumer goods by 0.4 percent, while production of intermediate goods fell by 0.1 percent. In the EU28, industrial output grew 0.5 percent. Among Member States for which data are available, the highest increases were registered in Lithuania (+11.3 percent), the Netherlands (+4.3 percent), Portugal (+3.9 percent) and Ireland (+3.4 percent), and the largest decreases in Greece (-1.2 percent), Denmark and Finland (both -0.9 percent).

Euro Area Industrial Production Beats Expectations


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
12/14/2015 10:16:55 AM