European Industrial Production Up 0.9% in January - Modern Distribution Management

European Industrial Production Up 0.9% in January

Industrial production up 0.5 percent in the EU28.

European seasonally adjusted industrial production rose by 0.9 percent in January in the euro area (EA19) and by 0.5 percent in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In December 2016 industrial production fell by 1.2 percent in the euro area and by 0.7 percent in the EU28.

In January 2017 compared with January 2016, industrial production increased by 0.6 percent in the euro area and by 1.3 percent in the EU28.

The increase of 0.9 percent in industrial production in the euro area in January 2017, compared with December 2016, is due to production of capital goods rising by 2.8 percent and energy by 1.9 percent. Production of non-durable consumer goods fell by 0.7 percent and both intermediate goods and durable consumer goods by 0.4 percent. In the EU28, the increase of 0.5 percent is due to production of capital goods rising by 2.8 percent and energy by 1.9 percent, while nondurable consumer goods fell by 0.7 percent, and intermediate goods and durable consumer goods both fell by 0.4 percent.

Among Member States for which data are available, the highest increases in industrial production were registered in Ireland (+3.4 percent), Greece (+2.5 percent) and Germany (+3.3 percent), and the largest decreases in Croatia (-6.8 percent), Denmark (-4.6 percent) and Bulgaria (-3.9 percent).

The increase of 0.6 percent in industrial production in the euro area in January 2017, compared with January 2016, is due to production of energy rising by 6.9 percent, durable consumer goods by1.5 percent and intermediate goods by 0.8 percent, while production of non-durable consumer goods fell by 2.6 percent and capital goods by 0.8 percent. In the EU28, the increase of 1.3 percent is due to production of energy rising 5.6 percent, durable consumer goods by 2 percent, intermediate goods by 1.7 percent and capital goods by 0.8 percent. Production of non-durable consumer goods fell by 2.2 percent.

Among Member States for which data are available, the highest increases in industrial production were registered in Lithuania (+8.4 percent) Greece (+7.4 percent) and Estonia (+6.7 percent), and the largest decreases in Ireland (-8.6 percent), Bulgaria (-1.2 percent) and Luxembourg (-0.9 percent).

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