Euro area industrial production rises 1 pct: Eurostat

In August, industrial production in EU28 also increases compared to July, Eurostat says

Euro area industrial production rises 1 pct: Eurostat

By Jeyhun Aliyev

ANKARA

Seasonally adjusted industrial production rose by 1 percent in the euro area (EA19) and by 0.8 percent in the EU28 in August, compared to July, the statistical office of the European Union announced on Friday.

In July 2018, industrial production in EA19 and EU28 fell by 0.7 percent and 0.6 percent, respectively, according to Eurostat’s statement.

Eurostat underlined that the increase of 1 percent in the euro area stemmed from risings in the production of energy (1.9 percent), durable consumer goods (1.5 percent), capital goods and non-durable consumer goods (1.4 percent) and intermediate goods (0.4 percent).

The EU28’s risings were also due to the surge in the production of capital goods (1.2 percent), non-durable consumer goods (1.1 percent), energy (0.9 percent), durable consumer goods (0.8 percent) and intermediate goods (0.3 percent).

“Among Member States for which data are available, the highest increases in industrial production were registered in Malta (9.9 percent), Ireland (8 percent) and Hungary (3.8 percent),” the Eurostat said.

Meanwhile, in the month, a drop was observed in Denmark (4.5 percent), it added.

Annual comparison

Eurostat also said industrial production has increased by 0.9 percent and 1.2 percent in the euro area and the EU28, respectively, in August year-on-year.

In the euro area, production of non-durable consumer goods rose by 3.1 percent and capital goods by 1.3 percent, while production of durable consumer goods, intermediate goods and energy saw an annual decline by 1.1 percent, 0.4 percent and 0.3 percent, respectively, in August.

In this period, the EU28’s production of non-durable consumer goods climbed by 2.8 percent, capital goods by 1.6 percent, durable consumer goods by 1.2 percent and intermediate goods by 0.4 percent, while production of energy dropped by 0.7 percent.

Ireland, Slovenia and Latvia registered the highest gains with 15.1 percent, 7 percent and 6.4 percent, respectively, while Denmark, Portugal and Luxembourg saw biggest declines with 3.9 percent, 3.3 percent and 2.6 percent, respectively.

loading...

Leave a Reply

Your email address will not be published. Required fields are marked *