Euro area industrial output down 1.1 percent in September from August

Thursday, 16 November 2023 13:04:43 (GMT+3)   |   Istanbul
       

In September this year, seasonally-adjusted industrial production decreased by 1.1 percent in the euro area and 0.9 percent the EU-27, as compared with August.

Industrial production in August this year had decreased by 0.6 percent in both the euro area and the EU-27 compared to July. In September this year, compared with September 2022, industrial production moved down by 6.9 percent in the euro area and 6.1 percent in the EU-27. These figures are released by Eurostat, the Statistical Office of the European Union.

As compared to August this year, in September the production of durable goods fell by 2.1 in the euro area and by 2.4 percent in the EU-27, while the production of capital goods increased by 0.3 percent in the euro area and by 0.4 percent the EU-27 on month-on-month basis. In the given month, output of non-durable consumer goods decreased by 2.1 percent in the euro area and by 1.2 percent in the EU-27, month on month. In September, the production of intermediate goods went down by 0.3 percent in the euro area and by 0.2 percent in the EU-27, while the production of energy fell by 1.3 percent in the euro area and 1.0 percent in the EU-27, all month on month.

Among the member states, in September the highest month-on-month increases were registered in Croatia (4.3%), Slovenia (4.1%), and Hungary (1.3%), while the biggest decreases were recorded in Belgium (3.2%), Portugal (3.0%), Estonia and Ireland (both 2.9%).

As compared to the same month of 2022, in September this year production of capital goods decreased by 9.5 percent in the euro area and 8.1 percent in the EU-27. In the same month, production of durable consumer goods was down by 8.1 percent in the euro area and by 8.9 percent in the EU-27, while production of intermediate goods fell by 4.5 percent in the euro area and by 5.0 percent in the EU-27, all year on year. In the given month, production of non-durable consumer goods decreased by 6.7 percent in the euro area and by 4.3 percent in the EU-27, while production of energy declined by 5.8 percent in the euro area and by 5.5 percent in the EU-27, all on year-on-year basis.

In September, the highest year-on-year increases were registered in Denmark (2.8%), Greece (2.1%), Croatia (1.6%) and Malta (0.4%), while Ireland (27.2%), Belgium (14.0%), and Estonia (12.5%) registered the sharpest decreases.


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