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Tuesday, October 14, 2014

Industrial production down by 1.8% in euro area

by  KG/EUROPA In August 2014 compared with July 2014, seasonally adjusted industrial production fell by 1.8% in the euro area (EA18) and by 1.4% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In July 2014 industrial production rose by 0.9% and 0.7% respectively. In August 2014 compared with August 2013, industrial production decreased by 1.9% in the euro area and by 0.8% in the EU28. Monthly comparison by main industrial grouping and by Member State The decrease of 1.8% in industrial production in the euro area in August 2014, compared with July 2014, is due to production of capital goods falling by 4.8%, intermediate goods by 0.7% and non-durable consumer goods by 0.2%, while durable consumer goods increased by 0.2% and energy by 1.2%. In the EU28, the decrease of 1.4% is due to production of capital goods falling by 4.3% and intermediate goods by 0.4%, while non-durable consumer goods increased by 0.2%, durable consumer goods by 0.6% and energy by 1.2%. The largest decreases in industrial production were registered in Hungary (-5.8%), Germany (-4.3%) and Croatia (-4.1%), and the highest increases in Denmark (+6.9%), Portugal (+3.1%) and the Netherlands (+1.3%). Annual comparison by main industrial grouping and by Member State The decrease of 1.9% in industrial production in the euro area in August 2014, compared with August 2013, is due to production of capital goods falling by 3.7%, energy by 3.5%, durable consumer goods by 2.9% and intermediate goods by 1.1%, while non-durable consumer goods increased by 1.4%. In the EU28, the decrease of 0.8% is due to production of energy falling by 3.3% and capital goods by 2.3%, while intermediate goods increased by 0.4%, durable consumer goods by 1.4% and non-durable consumer goods by 1.9%. The largest decreases in industrial production were registered in Malta (-7.0%), Greece (-6.0%), Lithuania (-4.9%) and Croatia (-4.7%), and the highest increases in Ireland (+18.3%), Luxembourg (+5.6%), Slovenia (+4.6%) and Portugal (+3.9%).


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