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In The News:

March European Industrial Production Down from February

Seasonally adjusted industrial production fell by 0.3 percent in March, compared with February, in the euro area (EA18) and by 0.2 percent in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In February, industrial production rose by 0.2 percent in the euro area and by 0.3 percent in the EU28.

Compared with March 2013, industrial production dropped by 0.1 percent in the euro area and increased by 0.5 percent in the EU28.

Compared with February, March production of energy fell by 0.4 percent in the euro area and 0.6 percent in the EU28. Non-durable consumer goods fell by 0.5 percent in the euro area and by 0.1 percent in the EU28. Durable consumer goods remained stable in the euro area and dropped by 0.4 percent in the EU28. Intermediate goods decreased 0.8 percent and 0.5 percent respectively.

The largest decreases in industrial production were registered in Portugal (down 4.8 percent), Lithuania (down 3.7 percent), Sweden (down 2.5 percent) and Greece (down 1.9 percent), and the highest increases in Ireland (up 5.6 percent), Denmark (up 3.1 percent) and Slovenia (up 2 percent).

Compared with March 2013, March 2014 production of capital goods increased by 2.6 percent in the euro area and by 3 percent in the EU28. Energy fell by 11.9 percent and 10.5 percent respectively. Non-durable consumer goods increased by 1.3 percent in the euro area and 1.8 percent in the EU28. Durable consumer goods fell by 0.9 percent in the euro area and by 0.3 percent in the EU28. Intermediate goods grew by 2.2 percent and 3 percent respectively.

The largest decreases in industrial production were registered in the Netherlands (down 12.5 percent), Lithuania (down 10.2 percent) and Finland (down 5.4 percent), and the highest increases in Luxembourg (up 13.5 percent), Romania (up 9.6 percent) and Hungary (up 8.1 percent).

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