European Industrial Production Up 0.6% in July - Modern Distribution Management

European Industrial Production Up 0.6% in July

Production up 0.3 percent in the EU28.

Compared with June, seasonally adjusted industrial production in July rose by 0.6 percent in the euro area (EA19) and rose by 0.3 percent in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In June, industrial production decreased by 0.3 percent and 0.1 percent, respectively.

In July compared with July 2014, industrial production increased by 1.9 percent in the euro area and by 1.8 percent in the EU28.

The increase of 0.6 percent in industrial production in the euro area in July 2015, compared with June 2015, is  due to production of energy rising by 3.0 percent, capital goods by 1.4 percent and durable consumer goods by 1.3 percent, while production of both intermediate goods and non-durable consumer goods fell by 0.6 percent.

In the EU28, the increase of 0.3 percent is due to production of energy rising by 2.1 percent, capital goods by 0.7 percent and durable consumer goods by 0.6 percent, while production of intermediate goods fell by 0.6 percent and non-durable consumer goods by 0.2 percent.

The highest increases in industrial production were registered in Ireland (+7.2 percent), Greece (+4.3 percent), Croatia (+3.6 percent) and Latvia (+2.8 percent), and the largest decreases in Denmark (-4.6 percent), Sweden (-2.1 percent) and Malta (-1.8 percent).

Annual comparison

The increase of 1.9 percent in industrial production in the euro area in July 2015, compared with July 2014, is due to production of energy rising by 5.1 percent, durable consumer goods by 2.6 percent, capital goods by 2.2 percent, non-durable consumer goods by 1.7 percent and intermediate goods by 0.5 percent.

In the EU28, the increase of 1.8 percent is due to production of energy rising by 4.8 percent, durable consumer goods by 3.0 percent, capital goods by 1.8 percent, non-durable consumer goods by 1.3 percent and intermediate goods by 0.8 percent.

The highest increases in industrial production were registered in Ireland (+17.9 percent), Slovakia (+11.9 percent), Latvia (+8.3 percent), Malta (+7.7 percent) and the Czech Republic (+7.2 percent). Decreases were observed in Estonia (-5.9 percent), the Netherlands (-4.4 percent), Greece (-1.5 percent), France and Finland (both -1.4 percent).

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