Euro area industrial output down 0.8 percent in February from Jan

Thursday, 12 April 2018 16:56:36 (GMT+3)   |   Istanbul
       

In February this year, seasonally-adjusted industrial production decreased by 0.8 percent in the euro area and declined by 0.7 percent in the EU-28, as compared with January. Industrial production in January had decreased by 0.6 percent in the euro area and by 0.3 percent in the EU-28, on month-on-month basis. In February this year compared with February 2017, industrial production increased by 2.9 percent in the euro area and by 3.1 percent in the EU-28. These figures are released by Eurostat, the Statistical Office of the European Union.

As compared to January, in February this year the production of capital goods decreased by 3.6 percent in the euro area and by 2.7 percent in the EU-28, and the production of non-durable consumer goods declined by 0.5 percent in the euro area and by 0.4 percent in the EU-28. In February this year, production of energy increased by 6.8 percent in the euro area and by 5.1 percent in the EU-28, while production of durable goods decreased by 2.1 percent in the euro area and by 1.6 percent in the EU-28, all month on month. Meanwhile, the production of intermediate goods moved down by 0.8 percent in the euro area and by one percent in the EU-28, month on month.

Among the member states, in February the highest month-on-month decreases were registered in Lithuania (3.9%), Estonia (2.7%), and Malta and Portugal (both 2.3%), and the highest increases in Latvia and the Netherlands (both 3.9%), and Croatia (2.1%).

As compared to the same month of 2017, in February 2018 production of energy increased by 5.7 percent in the euro area and by 4.6 percent in the EU-28. In the same month, production of intermediate goods rose by 2.9 percent in the euro area and 3.1 percent in the EU-28, and production of capital goods increased by 2.2 percent in the euro area and by 3.2 percent in the EU-28, all year on year. In February this year, production of non-durable consumer goods moved up by 2.4 percent in the euro area and by 2.2 percent in the EU-28 and production of durable consumer goods increased by 0.8 percent in the euro area and by 1.4 percent in the EU-28, both on year-on-year basis.

Among the member states for which data are available, in February the largest year-on-year increases were registered in Latvia (8.7%), Poland (7.5%) and Slovenia (7.2%), while decreases were observed in Malta (7.7%), Greece (1.9%) and Bulgaria (1 %).


Tags: Europe 

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