Industrial production down by 0,8%

"La lettre B" l'essentiel de l'actualité économique et financière européenne décryptée

Industrial production down by 0,8%

According to Eurostat, seasonally adjusted industrial production fell by 0.8% in the euro area and by 0.7% in the EU28, comparing September 2016 with August 2016.

This decrease is due to production of durable consumer goods falling by 5.6%, capital goods by 2.2%, intermediate goods by 0.7% and energy by 0.2%, while production of non-durable consumer goods rose by 0.3%.

The largest decreases in industrial production were registered in Denmark (-8.1%), Germany (-1.9%) and Greece (-1.8%), and the highest increases in Sweden (+7.6%), Ireland (+6.4%) and Estonia (+5.2%).

If in August 2016 industrial production rose by 1.8% in the euro area and by 1.6% in the EU28, in September 2016 (compared with September 2015), industrial production increased by 1.2% in both zones.

The increase is due to production of non-durable consumer goods rising by 1.9%, intermediate goods by 1.3%, capital goods by 1.2% and energy by 0.7%, while production of durable consumer goods fell by 0.2%. The highest increases in industrial production were registered in Lithuania (+7.9%), Slovenia (+7.4%) and Estonia (+6.5%). Decreases were registered in Denmark (-3.2%), France (-1.0%) and Ireland (-0.9%).

Filippo Giuffrida Répaci