Industrial Production Up By 1.3% In Euro Area

July 12, 2018

Industrial production up by 1.3% in euro area and Up by 1.2% in EU28

According to the latest report published by Eurostat, the statistical office of the European Union, “In May 2018, compared with April 2018, industrial production rose by 1.3% in the euro area (EA19) and by 1.2% in the EU28.” However, in April 2018 industrial production fell by 0.8% in both zones.

Additionally, the report mentioned that in May 2018, compared with May 2017, industrial production increased by 2.4% in both the euro area and EU28.

Annual comparison by main industrial grouping and by Member State

The 2.4% increase in industrial production in the euro area in May 2018, compared with April 2018, is due to rises of 7.6% in the production of capital goods, 2.4% for non-durable consumer goods and intermediate goods by 2.3%. On the contrary, durable consumer goods fell by 0.2% and energy production fell by 1.0%.

“In the EU28, the 2.4% price increase is due to rises of 3.7%, 2.2%, 2.0% and 1.4% increase in the production of capital goods, intermediate goods, non-durable consumer goods and durable consumer goods respectively.” However, there was a fell in the production of energy by 0.8%.

Notably, the largest increases in industrial production were observed in the Poland (+7.8%), Ireland (+7.3%) and Slovenia (+5.9%). On the other hand, decreases were observed in Malta (-6.3%), Denmark (-3.3%) and Portugal (-2.6%).

 

 

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2018-07-12T13:46:10+00:00