Euro area industrial output up 0.7 percent in Jan from Dec

Thursday, 16 March 2023 11:42:51 (GMT+3)   |   Istanbul

In January this year, seasonally-adjusted industrial production rose by 0.7 percent in the euro area and by 0.3 percent in the EU-27, as compared with December last year.

Industrial production in December last year had declined by 1.3 percent in the euro area and by 0.6 percent in the EU-27, both on month-on-month basis. In January this year, compared with January 2022, industrial production moved up by 0.9 percent in the euro area and by one percent in the EU-27. These figures are released by Eurostat, the Statistical Office of the European Union.

As compared to December last year, in January this year the production of durable goods was down by 0.7 percent in the euro area and by 0.9 percent in the EU-27, while the production of capital goods decreased by 0.2 percent both in the euro area and in the EU-27, both on month-on-month basis. In the given month, output of non-durable consumer goods declined by 2.1 percent in the euro area and by 3.2 percent in the EU-27, month on month. In January, the production of intermediate goods increased by 1.5 percent in the euro area and by 1.1 percent in the EU-27, while the production of energy moved down by 0.8 percent in the euro area and remained stable in the EU-27, all month on month.

Among the member states, in January the highest month-on-month increases were registered in Ireland (9.3%), Sweden (5.0%) and Romania (2.0%).

As compared to the same month of 2022, in January this year production of capital goods grew by 8.2 percent in the euro area and by 8.3 percent in the EU-27. In the same month, production of durable consumer goods was down by 0.6 percent in the euro area and by 2.5 percent in the EU-27, while production of intermediate goods declined by 5.3 percent both in the euro area and in the EU-27, all year on year. In the given month, production of non-durable consumer goods rose by 3.2 percent in the euro area and by 4.7 percent in the EU-27, while production of energy was down by 7.6 percent in the euro area and by 7.1 percent in the EU-27, all on year-on-year basis.

In January, the highest year-on-year increases were registered in Ireland (19.5%), Denmark (14.2%) and Malta (12.4%), while Lithuania (-12.0%), Latvia (-9.8%) and Slovakia (-8.6%) registered the highest decreases.


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