The 2020 Mid-Year Economic Update_long

European Industrial Production Down 0.1% in January

Production remained stable in EU28.

Compared with December 2014, seasonally adjusted industrial production in January decreased 0.1 percent in the euro area (EA18) and remained stable in the EU28, according to estimates from Eurostat, the statistical office of the European Union.

In December, industrial production rose by 0.3 percent and 0.4 percent respectively.

In January compared with January 2014, industrial production increased by 1.2 percent in the euro area and by 1.5 percent in the EU28.

Industrial production decreased 0.1 percent in the euro area in January 2015, compared with December 2014, due to production of durable consumer goods falling by 2.2 percent and intermediate goods by 0.5 percent, while capital goods and non-durable consumer goods both increased by 0.1 percent and energy increased by 0.9 percent.

Industrial production remained stable in the EU28 as production of energy rose by 0.6 percent and intermediate goods and non-durable consumer goods were both stable, while capital goods fell by 0.3 percent and durable consumer goods by 1.7 percent.

The largest decreases in industrial production were registered in Croatia (-4 percent), Latvia (-3.1 percent), Finland (-2.5 percent) and Lithuania (-2.3 percent), and the highest increases in Malta (+6.1 percent), Hungary (+4.3 percent) and Bulgaria (+2 percent)

Annual comparison

The increase of 1.2 percent in industrial production in the euro area in January 2015, compared with January 2014, is due to production of energy rising by 2.9 percent, non-durable consumer goods by 2.7 percent, durable consumer goods by 2.5 percent, capital goods by 1.4 percent and intermediate goods by 0.7 percent

In the EU28, the increase of 1.5 percent is due to production of durable consumer goods rising by 2.9 percent, non-durable consumer goods by 2.3 percent, capital goods by 1.8 percent, energy by 1.3 percent and intermediate goods by 1.2 percent.

The largest decreases in industrial production were registered in Ireland (+8.8 percent), Malta (+8.1 percent) and Hungary (+7.8 percent), and the largest decreases in Croatia (-4.9 percent), Finland (-4.2 percent) and Latvia (-3.5 percent).

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