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Industrial Production Down by 0.2% in Euro Area - January 2014
added: 2014-03-12

In January 2014 compared with December 2013, seasonally adjusted industrial production fell by 0.2% in the euro area (EA18) and rose by 0.1% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In December 2013 industrial production decreased by 0.4% in both zones.

In January 2014 compared with January 2013, industrial production grew by 2.1% in the euro area and by 2.4% in the EU28.

Monthly comparison by main industrial grouping and by Member State

The decrease of 0.2% in industrial production in the euro area in January 2014, compared with December 2013, is due to production of energy falling by 2.5% and durable consumer goods by 0.6%, while intermediate goods remained almost stable at -0.1%. Non-durable consumer goods increased by 0.4% and capital goods by 0.9%.

In the EU28, the increase of 0.1% is due to production of capital goods rising by 1.3%, durable consumer goods by 0.8% and intermediate goods by 0.4%, while non-durable consumer goods fell by 0.4% and energy by 1.7%.

The largest decreases in industrial production were registered in Latvia (-10.7%), the Netherlands (-6.4%), Finland (-3.5%) and Lithuania (-2.8%), and the highest increases in Croatia (+5.4%), Estonia (+4.3%) and Hungary (+3.1%).

Annual comparison by main industrial grouping and by Member State

The increase of 2.1% in industrial production in the euro area in January 2014, compared with January 2013, is due to production of capital goods rising by 5.8%, intermediate goods by 3.7%, non-durable consumer goods by 1.4% and durable consumer goods by 1.2%, while production of energy fell by 4.6%.

In the EU28, the increase of 2.4% is due to production of capital goods rising by 5.8%, intermediate goods by 4.5%, durable consumer goods by 1.8% and non-durable consumer goods by 0.4%, while production of energy fell by 4.4%.

The highest increases in industrial production were registered in Luxembourg (+12.7%), Romania (+10.5%), Poland (+6.4%) and Hungary (+6.1%), and the largest decreases in Malta (-12.0%), Latvia (-11.0%), Lithuania (-7.6%) and Finland (-7.1%).


Source: Eurostat

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