Industrial Production Up By 0.3% In Euro Area

In January 2011 compared with December 2010, seasonally adjusted industrial production grew by 0.3% in the euro area (EA17) and by 0.6% in the EU27. In December 2010 production rose by 0.3% and 0.2% respectively, according to estimates released by Eurostat, the statistical office of the European Union..

In January 2011 compared with January 2010, industrial production grew by 6.6% in the euro area and by 6.8% in the EU27.

Monthly comparison

In January 2011 compared with December 2010, production of intermediate goods grew by 2.5% in the euro area and by 2.7% in the EU27. Durable consumer goods rose by 2.5% and 2.0% respectively. Capital goods fell by 0.3% in the euro area, but increased by 0.6% in the EU27. Non-durable consumer goods dropped by 0.4% and 0.2% respectively. Production of energy declined by 3.1% in the euro area and by 2.4% in the EU27.

Among the Member States for which data are available, industrial production rose in fourteen and fell in five. The highest increases were registered in Malta (+6.0%), Estonia (+4.2%) and the Czech Republic (+3.5%), and the largest decreases in Portugal (-4.2%), Finland (-2.8%) and Latvia (-2.4%).

Annual comparison

In January 2011 compared with January 2010, production of capital goods grew by 12.3% in the euro area and by 13.2% in the EU27. Intermediate goods increased by 10.1% and 10.6% respectively. Durable consumer goods rose by 3.8% in the euro area and by 3.4% in the EU27. Non-durable consumer goods gained 0.3% and 1.3% respectively. Production of energy fell by 1.9% in the euro area and by 2.1% in the EU27.

Industrial production rose in all the Member States for which data are available, except Portugal (-1.4%). The highest increases were registered in Estonia (+28.8%), Slovakia (+17.1%) and Lithuania (+16.0%), and the smallest in Italy (+0.6%), Ireland (+1.4%) and Malta (+2.1%).