European Industrial Production Down 0.3% in February - Modern Distribution Management

European Industrial Production Down 0.3% in February

Industrial production down 0.2 percent in the EU28.

European seasonally adjusted industrial production fell by 0.3 percent in February in the euro area (EA19) and by 0.2 percent in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In January industrial production rose by 0.3 percent in both zones.

In February 2017 compared with February 2016, industrial production increased by 1.2 percent in the euro area and by 2.1 percent in the EU28.

Monthly comparison by main industrial grouping and by Member State The decrease of 0.3 percent in industrial production in the euro area in February2017, compared with January 2017, is due to production of energy falling by 4.7 percent and non-durable consumer goods by 1.1 percent. Production of durable consumer goods remained stable, while capital goods rose by 0.9 percent and intermediate goods by 1 percent.

In the EU28, the decrease of 0.2 percent is due to production of energy falling by 3.9 percent and non-durable consumer goods by 0.9 percent, while production of durable consumer goods rose by 0.4 percent and both capital goods and intermediate goods by 0.8 percent.

Among Member States for which data are available, the largest decreases in industrial production were registered in Ireland (-15.5 percent), France (-1.6 percent) and Croatia (-1.5 percent), and the highest increases in Bulgaria and Slovenia (both +3.6 percent), Hungary (+3.4 percent) and Latvia (+3.2 percent).

The increase of 1.2 percent in industrial production in the euro area in February 2017, compared with February 2016, is due to production of energy rising by 2.4 percent, both intermediate goods and durable consumer goods by 2 percent and capital goods by 1.2 percent, while production of non-durable consumer goods fell by 2.4 percent. In the EU28, the increase of 2.1 percent is due to production of capital goods rising by 2.5 percent, durable consumer goods by 2.4 percent, intermediate goods by 2.3 percent and energy by 1.9 percent, while production of non-durable consumer goods fell by 1.5 percent.

Among Member States for which data are available, the highest increases in industrial production were registered in Greece (+11.2 percent), Latvia (+10.6 percent) and Estonia (+9 percent), while decreases were observed in Ireland (-10 percent) and France (0.8 percent).

 

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