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Wednesday, November 12, 2014

Industrial production up by 0.6% in both euro area and EU28

by  KG/EUROPA In September 2014 compared with August 2014, seasonally adjusted industrial production rose by 0.6% in both the euro area2 (EA18) and the EU28, according to estimates from Eurostat, the statistical office of the European Union. In August 2014 industrial production fell by 1.4% and 1.2% respectively. In September 2014 compared with September 2013, industrial production increased by 0.6% in both the euro area and the EU28. Monthly comparison by main industrial grouping and by Member State The increase of 0.6% in industrial production in the euro area in September 2014, compared with August 2014, is due to production of capital goods rising by 2.9% and energy by 0.3%, while intermediate goods fell by 0.6%, non-durable consumer goods by 0.9% and durable consumer goods by 2.6%. In the EU28, the increase of 0.6% is due to production of capital goods rising by 2.4% and energy by 0.3%, while intermediate goods fell by 0.4%, non-durable consumer goods by 0.9% and durable consumer goods by 1.7%. The highest increases in industrial production were registered in Croatia (+4.6%), the Czech Republic (+4.5%) and Ireland (+4.1%), and the largest decreases in Denmark (-5.6%), Portugal (-4.1%) and the Netherlands (-2.0%). Annual comparison by main industrial grouping and by Member State The increase of 0.6% in industrial production in the euro area in September 2014, compared with September 2013, is due to production of capital goods and non-durable consumer goods both rising by 2.0%. Intermediate goods remained stable, while energy fell by 2.5% and durable consumer goods by 3.3%. In the EU28, the increase of 0.6% is due to production of capital goods rising by 2.1%, non-durable consumer goods by 1.2% and intermediate goods by 0.5%, while durable consumer goods fell by 0.7% and energy by 2.2%. The highest increases in industrial production were registered in Ireland (+22.1%), the Czech Republic (+5.6%) and Hungary (+5.1%), and the largest decreases in Malta (-7.4%), Sweden (-4.1%) and Greece (-3.5%).


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