Euro area industrial output up 0.4 percent in August from July

Monday, 14 October 2019 16:10:39 (GMT+3)   |   Istanbul
       

In August this year, seasonally-adjusted industrial production increased by 0.4 percent in the euro area and by 0.1 percent in the EU-28, as compared with July. Industrial production in July had decreased by 0.4 percent in the euro area and by 0.1 percent in the EU-28, on month-on-month basis. In August this year compared with August 2018, industrial production fell by 2.8 percent in the euro area and decreased by two percent in the EU-28. These figures are released by Eurostat, the Statistical Office of the European Union.

As compared to July, in August this year the production of capital goods increased by 1.2 percent in the euro area and by 0.8 percent in the EU-28, while the production of non-durable consumer goods decreased by 0.3 percent in the euro area, while decreasing by 0.6 percent in the EU-28. In August this year, the production of energy was down by 0.4 percent in the euro area and by 0.6 percent in the EU-28, and the production of durable goods fell by 0.4 percent in the euro area and by 0.5 percent in the EU-28, all month on month. Meanwhile, the production of intermediate goods rose by 0.3 percent in the euro area and by 0.2 percent in the EU-28, month on month.

Among the member states, in August the highest month-on-month increases were registered in Malta (5.6%), Estonia (3.9%) and Latvia (3.0%) and the highest decreases in Croatia (3.0%), Slovakia (2.6%) and Lithuania (2.4%).

As compared to the same month of 2018, in August this year production of energy decreased by 3.3 percent in the euro area and by three percent in the EU-28. In the same month, production of intermediate goods fell by 3.1 percent in the euro area and by 2.3 percent in the EU-28, and production of capital goods moved down by 2.9 percent in the euro area and by 2.6 percent in the EU-28, all year on year. In August this year, production of non-durable consumer goods fell by two percent in the euro area and by 0.4 percent in the EU-28 and production of durable consumer goods was up by 0.4 percent in the euro area and by 0.8 percent in the EU-28, all year-on-year basis.

Among the member states for which data are available, in August the largest year-on-year decreases in industrial production were registered in Slovakia (8.1%), Ireland (6.2%) and Romania (6.1%), while the highest increases were observed in Malta (7.4%), Denmark (6.6%) and Finland (4.5%).


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