Industrial Production Down By 0.6% In Euro Area, Down By 0.5% In EU28

In June 2017 compared with May 2017, seasonally adjusted industrial production fell by 0.6% in the euro area (EA19) and by 0.5% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In May 2017, industrial production rose by 1.2% in both zones.

In June 2017 compared with June 2016, industrial production increased by 2.6% in the euro area and by 2.9% in the EU28.

Monthly comparison by main industrial grouping and by Member State

The decrease of 0.6% in industrial production in the euro area in June 2017, compared with May 2017, is due to production of capital goods falling by 1.9%, durable consumer goods by 1.2%, non-durable consumer goods by 0.4% and intermediate goods by 0.3%, while production of energy rose by 1.8%
In the EU28, the decrease of 0.5% is due to production of capital goods falling by 1.5%, durable consumer goods by 0.8%, intermediate goods by 0.4% and non-durable consumer goods by 0.3%, while production of energy rose by 1.4%

Among Member States for which data are available, the largest decreases in industrial production were registered in Ireland (-7.5%), the Czech Republic (-3.8%) and Malta (-3.2%), and the highest increases in Luxembourg (+3.4%), Estonia, Croatia and the Netherlands (all +1.2%).

Annual comparison by main industrial grouping and by Member State

The increase of 2.6% in industrial production in the euro area in June 2017, compared with June 2016, is due to production of energy rising by 5.1%, durable consumer goods by 4.0%, intermediate goods by 3.8%, capital goods by 1.6% and non-durable consumer goods by 0.6%.

In the EU28, the increase of 2.9% is due to production of durable consumer goods rising by 4.2%, intermediate goods by 3.9%, energy by 3.7%, capital goods by 2.4% and non-durable consumer goods by 1.5%.

Among Member States for which data are available, the highest increases in industrial production were registered in Estonia (+14.5%), Romania (+11.5%) and Sweden (+8.9%). Decreases were observed in Ireland (-8.1%) and Malta (-1.3%).

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Eurasia Review is an independent international news and analysis platform founded in 2009. We publish timely news, in-depth analysis, and expert commentary on geopolitics, economics, security, and international affairs.

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