In March this year, seasonally-adjusted industrial production declined by 4.1 percent in the euro area and by 3.6 percent in the EU-27, as compared with February this year.
Industrial production in February this year had risen by 1.5 percent in the euro area and by 1.4 percent in the EU-27, both on month-on-month basis. In March this year, compared with March 2022, industrial production moved down by 1.4 percent in the euro area and by 1.3 percent in the EU-27. These figures are released by Eurostat, the Statistical Office of the European Union.
As compared to February this year, in February the production of durable goods was up by 2.8 percent in the euro area and by two percent in the EU-27, while the production of capital goods decreased by 15.4 percent in the euro area and by 12.9 percent in the EU-27, both on month-on-month basis. In the given month, output of non-durable consumer goods declined by 0.8 percent in the euro area and by 1.3 percent in the EU-27, month on month. In March, the production of intermediate goods fell by 1.8 percent in the euro area and by 1.6 percent in the EU-27, while the production of energy moved down by 0.9 percent in the euro area and by one percent in the EU-27, all month on month.
Among the member states, in March the highest month-on-month increases were registered in Finland (3.0%), Slovenia (2.3%), and the Czech Republic and Slovakia (both 1.7%).
As compared to the same month of 2022, in March this year production of capital goods dropped by 2.1 percent in the euro area and grew by 0.4 percent in the EU-27. In the same month, production of durable consumer goods was down by 0.8 percent in the euro area and by 3.1 percent in the EU-27, while production of intermediate goods fell by 4.7 percent in the euro area and by 5.6 percent in the EU-27, all year on year. In the given month, production of non-durable consumer goods rose by 6.8 percent in the euro area and by 7.1 percent in the EU-27, while production of energy declined by 6.1 percent in the euro area and by 9.1 percent in the EU-27, all on year-on-year basis.
In March, the highest year-on-year increases were registered in Malta (12.5%), Denmark (8.9%) and Spain (5.6%), while Ireland (-26.1%), Lithuania (-16.6%), and Estonia (-12.6%) registered the highest decreases.
