European Industrial Production Up 2.1% in January - Modern Distribution Management

European Industrial Production Up 2.1% in January

Industrial production up 1.7 percent in the EU28.

European seasonally adjusted industrial production rose by 2.1 percent in January in the euro area (EA19) and by 1.7 percent in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In December 2015 industrial production fell by 0.5 percent in the euro area and by 0.6 in the EU28.

In January 2016 compared with January 2015, industrial production increased by 2.8 percent in the euro area and by 2.5 percent in the EU28.

The increase of 2.1 percent in industrial production in the euro area in January 2016, compared with December 2015, is due to production of capital goods rising by 3.9 percent, energy and non-durable consumer goods both by 2.4 percent, durable consumer goods by 1.3 percent and intermediate goods by 0.9 percent. In the EU28, the increase of 1.7 percent is due to production of capital goods rising by 3.3 percent, energy by 2 percent, nondurable consumer goods by 1.5 percent, and intermediate goods and durable consumer goods both by 1 percent.

Among Member States for which data are available, the highest increases in industrial production were registered in Ireland (+12.7 percent), Estonia (+4.9 percent), Croatia (+3.2 percent) and Germany (+2.9 percent), and the largest decreases in Malta (-5 percent), Romania (-2.3 percent) and Finland (-2.1 percent).

The increase of 2.8 percent in industrial production in the euro area in January 2016, compared with January 2015, is due to production of non-durable consumer goods rising by 7.3 percent, capital goods by 4.6 percent, durable consumer goods by 3.2 percent and intermediate goods by 1.9 percent, while production of energy fell by 3.7 percent. In the EU28, the increase of 2.5 percent is due to production of non-durable consumer goods rising by 5.3 percent, capital goods by 4.7 percent, durable consumer goods by 3 percent and intermediate goods by 1.4 percent, while production of energy fell by 2.7 percent.

Among Member States for which data are available, the highest increases in industrial production were registered in Ireland (+42.7 percent), Lithuania (+10.5 percent) and Croatia (+9.3 percent), and the largest decreases in Malta (-8.9 percent), the Netherlands (-3.9 percent) and Finland (-1.9 percent).

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