The 2020 Mid-Year Economic Update_long

European Industrial Production Down 0.1% in October

Industrial production down 0.3 percent in the EU28.

European seasonally adjusted industrial production fell by 0.1 percent in October in the euro area (EA19) and by 0.3 percent in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In September, industrial production fell by 0.9 percent in the euro area and by 0.7 percent in the EU28.

In October 2016 compared with October 2015, industrial production increased by 0.6 percent in the euro area and by 0.5 percent in the EU28.

The decrease of 0.1 percent in industrial production in the euro area in October 2016, compared with September 2016, is due to production of non-durable consumer goods falling by 1.5 percent and intermediate goods by 0.5 percent, while production of energy rose by 0.8 percent, capital goods by 1 percent and durable consumer goods by 1.5 percent.

In the EU28, the decrease of 0.3 percent is due to production of non-durable consumer goods falling by 0.7 percent and intermediate goods by 0.5 percent, while production of energy rose by 0.1 percent, capital goods by 0.3 percent and durable consumer goods by 1.1 percent.

Among Member States for which data are available, the largest decreases in industrial production were registered in Ireland (-3.6 percent), Sweden (-2.9 percent) and Luxembourg (-2.2 percent), and the highest increases in Denmark (+4.7 percent), Greece (+4.5 percent), Lithuania (+2.7 percent) and Latvia (+2.5 percent).

The increase of 0.6 percent in industrial production in the euro area in October 2016, compared with October 2015, is due to production of energy rising by 2.2 percent, capital goods by 0.9 percent and intermediate goods by 0.6 percent, while production of non-durable consumer goods fell by 0.9 percent and durable consumer goods by 1.4 percent.

In the EU28, the increase of 0.5 percent is due to production of capital goods rising by 0.9 percent, intermediate goods by 0.6 percent and durable consumer goods by 0.4 percent, while production of energy fell by 0.1 percent and non-durable consumer goods by 0.7 percent.

Among Member States for which data are available, the highest increases in industrial production were registered in Greece (+7.0 percent), Latvia (+6.7 percent) and Slovenia (+6.6 percent), and the largest decreases in Ireland (-6.5 percent), Malta (-5.7 percent) and Luxembourg (-2.2 percent).

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