The 2020 Mid-Year Economic Update_long

European Industrial Production Down 0.4% in June

Production also down 0.2 percent in the EU28.

Compared with May, seasonally adjusted industrial production in June fell by 0.4 percent in the euro area (EA19) and fell by 0.2 percent in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In May, industrial production decreased by 0.2 percent and 0.1 percent respectively.

In June compared with June 2014, industrial production increased by 1.2 percent in the euro area and by 1.7 percent in the EU28.

The decrease of 0.4 percent in industrial production in the euro area in June, compared with May, is due to production of durable consumer goods falling by 2 percent, capital goods by 1.8 percent and intermediate goods by 0.5 percent, while non-durable consumer goods remained stable and energy rose 3.2 percent.

In the EU28, the decrease of 0.2 percent is due to production of capital goods falling by 1.2 percent, durable consumer goods by 0.4 percent, non-durable goods by 0.3 percent and intermediate goods by 0.1 percent while energy rose 1.5 percent.

The largest decreases in industrial production were registered in Croatia (-2.9 percent), Portugal (-2.1 percent) and Ireland (-2.0 percent), and the highest increases in Denmark (+4.2 percent), the Netherlands (+3.9 percent) and Slovakia (+1.4 percent).

Annual comparison

The increase of 1.2 percent in industrial production in the euro area in June 2015, compared with June 2014, is due to production of non-durable consumer goods rising by 2.5 percent, capital goods by 1.7 percent, intermediate goods by 0.2 percent and durable consumer goods by 0.1 percent, while production of energy remained stable.

In the EU28, the increase of 1.7 percent is due to production of capital goods rising by 2.4 percent, durable consumer goods by 2.2 percent, energy by 1.7 percent, non-durable consumer goods by 1.5 percent and intermediate goods by 0.8 percent.

The highest increases in industrial production were registered in Ireland (+27.6 percent), Denmark (+7.6 percent), Lithuania (+6.9 percent) and Slovakia (+6.4 percent). Decreases were observed in Greece (-4.6 percent), Estonia (-3.4 percent), the Netherlands (-2.4 percent), Finland (-1.1 percent) and Italy (-0.3 percent).

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