Euro area industrial output up one percent in August from July

Friday, 12 October 2018 17:47:33 (GMT+3)   |   Istanbul
       

In August this year, seasonally-adjusted industrial production increased by one percent in the euro area and by 0.8 percent in the EU-28, as compared with July. Industrial production in July had declined by 0.7 percent in the euro area and by 0.6 percent in the EU-28, on month-on-month basis. In August this year compared with August 2017, industrial production rose by 0.9 percent in the euro area and by 1.2 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 1.4 percent in the euro area and by 1.2 percent in the EU-28, while the production of non-durable consumer goods rose by 1.4 percent in the euro area and by 1.1 percent in the EU-28. In August this year, the production of energy was up by 1.9 percent in the euro area and by 0.9 percent in the EU-28, and the production of durable goods advanced by 1.5 percent in the euro area and by 0.8 percent in the EU-28, all month on month. Meanwhile, the production of intermediate goods moved up by 0.4 percent in the euro area and by 0.3 percent in the EU-28, month on month.

Among the member states, in August the highest month-on-month increases were registered in Malta (9.9%), Ireland (8.0%) and Hungary (3.8%), while the highest decrease was seen in Denmark (4.5%).

As compared to the same month of 2017, in August 2018 production of energy decreased by 0.3 percent in the euro area and by 0.7 percent in the EU-28. In the same month, production of intermediate goods fell by 0.4 percent in the euro area and increased by 0.4 percent in the EU-28, and production of capital goods moved up by 1.3 percent in the euro area and by 1.6 percent in the EU-28, all year on year. In August this year, production of non-durable consumer goods rose by 3.1 percent in the euro area and rose by 2.8 percent in the EU-28 and production of durable consumer goods was down by 1.1 percent in the euro area and increased by 1.2 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 increases were registered in Ireland (15.1%), Slovenia (7.0%) and Latvia (6.4%), while decreases were observed in Denmark (3.9%), Portugal (3.3%) and Luxembourg (2.6%).


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