Euro area industrial output up 2.3 percent in January from December

Thursday, 12 March 2020 18:17:50 (GMT+3)   |   Istanbul
       

In January this year, seasonally-adjusted industrial production increased by 2.3 percent in the euro area and by two percent in the EU-27, as compared with December. Industrial production in December had decreased by 1.8 percent in the euro area and by 1.6 percent in the EU-27, on month-on-month basis. In January this year compared with January 2019, industrial production fell by 1.9 percent in the euro area and by 1.5 percent in the EU-27. These figures are released by Eurostat, the Statistical Office of the European Union.

As compared to December, in January this year the production of capital goods increased by 2.6 percent in the euro area and by 2.1 percent in the EU-27, while the production of non-durable consumer goods rose by 0.8 percent in the euro area and by 0.7 percent in the EU-27. In January this year, the production of energy fell by 0.1 percent in the euro area and was up by 0.1 percent in the EU-27, and the production of durable goods was up by 0.7 percent in the euro area and by 1.1 percent in the EU-27, all month on month. Meanwhile, the production of intermediate goods increased by 3.2 percent both in the euro area and in the EU-27, month on month.

Among the member states, in January the highest month-on-month increases were registered in Ireland (5.7%), Hungary (4.6%) and Slovakia (4.5%), while the highest decreases were recorded in Denmark (2.1%), Latvia (1.9%) and Lithuania (1.8%).

As compared to the same month of 2019, in January this year production of energy decreased by 6.7 percent in the euro area and by 5.8 percent in the EU-27. In the same month, production of intermediate goods fell by 2.3 percent in the euro area and by 1.5 percent in the EU-27, and production of capital goods moved down by 1.9 percent in the euro area and by two percent in the EU-27, all year on year. In January this year, production of non-durable consumer goods rose by 1.3 percent in the euro area and by 1.5 percent in the EU-27 while production of durable consumer goods were up by 2.6 percent both in the euro area and in the EU-27, all on year-on-year basis.

Among the member states for which data are available, in January the largest year-on-year decreases in industrial production were registered in Luxembourg (9.2%), Croatia (5.5%) and Latvia (4.5%), while the highest increases were observed in Malta (8.1%), Poland (3.4%) and Hungary (2.7%).


Tags: Europe Production 

Similar articles

Turkey’s basic metal output down 0.1 percent in March from February

10 May | Steel News

Turkey’s Kardemir posts higher net profit for 2023, sales revenues drop

03 May | Steel News

Turkish motor vehicle output up 2.9 percent in January-March

24 Apr | Steel News

Turkey’s basic metal output down 3.5 percent in February from January

08 Apr | Steel News

Turkey’s Kaptan Demir Çelik gets environmental approval for two solar power plants in Adana

22 Mar | Steel News

Turkey’s Çelik Halat ve Tel Sanayii gets environmental approval for solar power plant in Malatya

21 Mar | Steel News

Turkish motor vehicle output up 8.1 percent in January-February

12 Mar | Steel News

Turkey’s basic metal output up 3.2 percent in January from December

12 Mar | Steel News

Turkey’s Ekinciler to build solar power plant in Şanlıurfa

22 Feb | Steel News

EIA processes begin for solar power plants of Turkey’s Erdemir and Isdemir

21 Feb | Steel News