European Industrial Production Up 1% in July - Modern Distribution Management

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European Industrial Production Up 1% in July

Up by 0.7 percent in EU28.
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Compared with June 2014, seasonally adjusted industrial production in July rose by 1 percent in the euro area (EA18) and by 0.7 percent in the EU28, according to estimates from Eurostat, the statistical office of the European Union.

In June 2014 industrial production fell by 0.3 percent and 0.1 percent respectively.

In July 2014 compared with July 2013, industrial production grew by 2.2 percent in the euro area and by 2 percent in the EU28.

The increase of 1 percent in industrial production in the euro area in July 2014, compared with June 2014, is due to production of capital goods rising by 2.6 percent, non-durable consumer goods by 1.2 percent and intermediate goods by 0.5 percent, while durable consumer goods fell by 1.2 percent and energy by 1.3 percent.

In the EU28, the increase of 0.7 percent is due to production of capital goods rising by 2.3 percent, non-durable consumer goods by 0.8 percent and intermediate goods by 0.4 percent, while energy fell by 0.6 percent and durable consumer goods by 0.8 percent.

The highest increases in industrial production were registered in Ireland (+11.3 percent), Estonia (+2.8 percent), Slovenia (+2.3 percent) and Croatia (+2.1 percent), and the largest decreases in Denmark (-4.7 percent), Malta (-4.2 percent) and Greece (-1.7 percent).

Annual comparison

The increase of 2.2 percent in industrial production in the euro area in July 2014, compared with July 2013, is due to production of capital goods rising by 4.6 percent, non-durable consumer goods by 4 percent and intermediate goods by 1.6 percent, while durable consumer goods fell by 0.2 percent and energy by 4.4 percent.

In the EU28, the increase of 2 percent is due to production of capital goods rising by 4.5 percent, non-durable consumer goods by 2.8 percent, intermediate goods by 1.9 percent and durable consumer goods by 0.3 percent, while energy fell by 3.5 percent.

The highest increases in industrial production were registered in Ireland (+17.6 percent), Hungary (+12.3 percent) and Slovenia (+9.2 percent), and the largest decreases in Denmark (-6.4 percent), Sweden (-5 percent) and Finland (-2.7 percent).

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