October 14, 2019
According to the latest report published by Eurostat, the statistical office of the European Union, “In August 2019 compared with July 2019, seasonally adjusted industrial production rose by 0.4% in the euro area (EA19) and by 0.1% in the EU28.” However, in July 2019, production declined by 0.4% in the euro area and by 0.1% in the EU28.
Year over year industrial production in August 2019, compared with August 2018 fell by 2.8% in the euro area and by 2.0% in the EU28.
Monthly comparison by main industrial grouping and by Member State
Industrial production in the euro area for August 2019, compared with July 2019, increased by 1.2% its production of capital goods and intermediate goods rose by 0.3%, while production of non-durable consumer goods declined by 0.3% and durable consumer goods and energy also declined by 0.4%.
“In the EU28, production of capital goods rose by 0.8% and intermediate goods by 0.2%, while production of durable consumer goods fell by 0.5%, and energy and non-durable consumer goods by 0.6%.”
Furthermore, the largest increases in industrial production were recorded in Malta (+5.6%), Estonia (+3.9%) and Latvia (+3.0%), while the largest decreases were experienced in Croatia (-3.0%), Slovakia (-2.6%) and Lithuania (-2.4%).
Annual comparison by main industrial grouping and by Member State
Industrial production in the euro area for August 2019 compared with August 2018 decreased by 2.0% for non-durable consumer goods, capital goods by 2.9%, intermediate goods by 3.1% and energy fell by 3.3%. Production of durable consumer goods, however, grew 0.4%.
“In the EU28, production of non-durable consumer goods fell by 0.4%, intermediate goods by 2.3%, capital goods by 2.6% and energy by 3.0%, while production of durable consumer goods rose by 0.8%”
Notably, the largest increases in industrial production were observed in Slovakia (-8.1%), Ireland (-6.2%) and Romania (-6.1%). The highest increases were observed in Malta (+7.4%), Denmark (+6.6%) and Finland (+4.5%).
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