European Industrial Production Falls in September - Modern Distribution Management

European Industrial Production Falls in September

Production fell sequentially in both the euro area (EA17) and EU28.

Seasonally adjusted European industrial production fell by 0.5 percent in the euro area (EA17) and by 0.2 percent in the EU28 in September compared with August, according to estimates from Eurostat. In August, industrial production increased by 1 percent and 0.6 percent, respectively.

Compared with the prior year, industrial production in September rose by 1.1 percent in the euro area and by 1.2 percent in the EU28. Compared with August, production of durable consumer goods fell by 2.6 percent in the euro area and by 1.6 percent in the EU28. Capital goods decreased by 1 percent and 0.2 percent, respectively.

Intermediate goods dropped by 0.8 percent in the euro area and by 0.5 percent in the EU28. Non-durable consumer goods declined by 0.2 percent in the euro area, but rose by 0.4 percent in the EU28. Energy increased by 1.3 percent and 0.4 percent, respectively.

Among the Member States for which data are available, industrial production fell in twelve and rose in thirteen. The largest decreases were in Portugal (down 11.2 percent), Luxembourg (down 4.1 percent), Croatia (down 3.3 percent) and the Czech Republic (down 2.8 percent), and the highest increases were in Ireland (up 2.9 percent), Romania (up 2.4 percent), Hungary (up 1.8 percent) and Poland (up 1.4 percent).

Compared with the prior year, September production of non-durable consumer goods grew by 2.2 percent in the euro area and by 1.7 percent in the EU28. Intermediate goods rose by 0.9 percent and 1 percent, respectively. Capital goods increased by 0.8 percent in the euro area and by 1.9 percent in the EU28. Energy dropped by 0.5 percent and 1.1 percent, respectively.

Durable consumer goods fell by 1.3 percent in the euro area and by 1.1 percent in the EU28.

Among the Member States for which data are available, industrial production rose in sixteen and fell in nine. The highest increases were in Ireland (up 11.7 percent), Romania (up 8.9 percent), Slovakia (up 7.5 percent) and Poland (up 5.6 percent), and the largest decreases were in Luxembourg (down 4 percent), Croatia (down 3.9 percent) and Italy (down 3 percent). 

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