Industrial Production Down by 3.6% in Euro Area


In October 2012 compared with October 2011, seasonally adjusted industrial production fell by 3.6% according to estimates released by Eurostat, the statistical office of the European Union. Industrial production in the EU27 dropped by 3.1%.

Year-on-year, the production of durable consumer goods fell by 6.0% in the euro area and by 4.0% in the EU27. Intermediate goods dropped by 4.6% and 4.1% respectively. Capital goods declined by  4.3% in the euro area and by 3.4% in the EU27. Non-durable consumer goods decreased by 2.2% and 1.9% respectively. Production of energy grew by 0.4% in the euro-area, but fell by 0.9% in the EU27.

Among the Member States for which data are available, industrial production fell in thirteen and rose in ten. The largest decreases were registered in  Ireland  (-16.2%), Italy  (-6.2%),  Bulgaria (-4.2%), the Netherlands and Portugal (both -3.9%) and Germany (-3.8%), and the highest increases in Lithuania (+10.3%), Slovakia (+8.1%) and Malta (+4.5%).
 
In October 2012 compared with September 2012, production of durable consumer goods fell by 3.8% in the euro area and by 1.5% in the EU27. Capital goods decreased by 3.0% and 2.3% respectively. Production of energy declined by 1.5% in the euro area and by 1.0% in the EU27. Intermediate goods dropped by 1.2% and 1.0% respectively, while non-durable consumer goods rose by 1.2% in the euro area and by 0.6% in the EU27.
 
Among the Member States for which data are available, industrial production fell in fourteen, rose in eight and remained stable in Romania. The largest decreases were registered in Estonia (-5.3%), the Netherlands (-4.7%), Slovakia  (-3.9%) and  Germany (-2.4%), and the highest increases in  Portugal  (+4.8%),  Ireland (+2.7%) and Poland (+1.9%). 
 

 


Eurostat | Nuno Fontes | nuno@tradingeconomics.com
12/12/2012 10:09:11 AM