Euro area industrial output up 0.6 percent in August from July

Monday, 16 October 2023 13:31:42 (GMT+3)   |   Istanbul

In August this year, seasonally-adjusted industrial production increased by 0.6 percent in both the euro area and the EU-27, as compared with June.

Industrial production in July this year had decreased by 1.3 percent in both the euro area and the EU-27 compared to June. In August this year, compared with August 2022, industrial production moved down by 5.1 percent in the euro area and 4.4 percent in the EU-27. These figures are released by Eurostat, the Statistical Office of the European Union.

As compared to July this year, in August the production of durable goods grew by 1.2 percent in both areas, while the production of capital goods increased by 0.3 percent in the euro area and by 0.1 percent the EU-27 on month-on-month basis. In the given month, output of non-durable consumer goods increased by 0.5 percent in the euro area and by 0.7 percent in the EU-27, month on month. In August, 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 shrank by 0.9 percent in the euro area and 0.5 percent in the EU-27, all month on month.

Among the member states, in August the highest month-on-month increases were registered in Ireland (6.1%), Slovakia (4.5%), and Lithuania (3.7%).

As compared to the same month of 2022, in August this year production of capital goods decreased by 7.0 percent in the euro area and 5.2 percent in the EU-27. In the same month, production of durable consumer goods was down by 7.2 percent in the euro area and by 7.3 percent in the EU-27, while production of intermediate goods fell by 5.2 percent in the euro area and by 5.5 percent in the EU-27, all year on year. In the given month, production of non-durable consumer goods decreased by 7.2 percent in the euro area and remained stable in the EU-27, while production of energy declined by 6.3 percent in the euro area and by 6.7 percent in the EU-27, all on year-on-year basis.

In July, the highest year-on-year increases were registered in Slovakia (4.7%), Denmark (3.5%) and Malta (3.0%), while Ireland (-27.3%), Slovenia (-12.3%), and Estonia (-11.9%) registered the highest decreases.


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