The 2020 Mid-Year Economic Update_long

January European Industrial Production Down from December

Industrial production up 2.1% in euro area, 2.4% in EU28 year-over-year.

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

Compared with January 2013, industrial production grew by 2.1 percent in the euro area and by 2.4 percent in the EU28.

Compared with December 2013, January production of energy fell by 2.5 percent in the euro area and 1.7 percent in the EU28. Non-durable consumer goods increased by 0.4 percent in the euro area, but dropped by 0.4 percent in the EU28. Durable consumer goods dropped by 0.6 percent in the euro area, but increased by 0.8 percent in the EU28. Intermediate goods dropped 0.1 percent and increased 0.7 percent respectively.

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

Compared with January 2013, January 2014 production of capital goods increased by 5.8 percent in both the euro area and the EU28. Energy fell by 4.6 percent and 4.4 percent respectively. Non-durable consumer goods increased by 1.4 percent in the euro area and 0.4 percent in the EU28. Durable consumer goods rose by 1.2 percent in the euro area and 1.8 percent in the EU28. Intermediate goods grew by 3.7 percent and 4.5 percent respectively.

The highest increases in industrial production were registered in Luxembourg (up 12.7 percent), Romania (up 10.5 percent), Poland (up 6.4 percent) and Hungary (up 6.1 percent), and the largest decreases in Malta (down 12 percent), Latvia (down 11 percent), Lithuania (down 7.6 percent) and Finland (down 7.1 percent).

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