The 2020 Mid-Year Economic Update_long

European Industrial Production Fell 0.1 percent in March

Prices remained stable in the EU28.

In March 2017 compared with February 2017, seasonally adjusted industrial production fell by 0.1 percent in the euro area (EA19) and remained stable in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In February 2017 industrial production also fell by 0.1 percent in the euro area and remained unchanged in the EU28.In March2017compared with March2016, industrial production increased by 1.9 percent in the euro area and by 2.4 percent in the EU28.

The decrease of 0.1 percent in industrial production in the euro area in March 2017, compared with February 2017, is due to production of energy falling by 3.2 percent, while production of capital goods rose by 0.2 percent, intermediate goods by 0.3 percent, durable consumer goods by 0.9 percent and non-durable consumer goods by 2.1 percent. In the EU28, the stable level of industrial production is due to production of energy falling by 2.8 percent, while production of capital goods rose by 0.1 percent, intermediate goods by 0.4 percent, durable consumer goods by 0.9 percent and non-durable consumer goods by 1.9 percent. Among Member States for which data are available, the largest decreases in industrial production were registered in Lithuania (3.1 percent), Greece (2 percent) and the Netherlands (-1.7 percent), and the highest increases in Romania (+2.6 percent), Estonia (+2.4 percent), Poland (+2.1 percent) and France (+2 percent).

The increase of 1.9 percent in industrial production in the euro area in March 2017, compared with March 2016, is due to production of durable consumer goods rising by 4.1 percent, intermediate goods by 3.2 percent, capital goods by 2.7 percent and non-durable consumer goods by 1.7 percent, while production of energy fell by 4.8 percent. In the EU28, the increase of 2.4 percent is due to production of both intermediate goods and durable consumer goods rising by 3.3 percent, non-durable consumer goods by 2.9 percent and capital goods by 2.4 percent, while production of energy fell by 5.7 percent. Among Member States for which data are available, the highest increases in industrial production were registered in Estonia (+14.8 percent), Romania (+10.2 percent) and Latvia (+10 percent). A decrease was observed in the Netherlands (-2.2 percent).

 

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