The 2020 Mid-Year Economic Update_long

European Industrial Production Down 1.8% in August

Production also decreases by 1.4 percent in EU28.

Compared with July 2014, seasonally adjusted industrial production in August declined by 1.8 percent in the euro area (EA18) and by 1.4 percent in the EU28, according to estimates from Eurostat, the statistical office of the European Union.

In July, industrial production rose by 0.9 percent and 0.7 percent, respectively.

In August compared with August 2013, industrial production decreased by 1.9 percent in the euro area and by 0.8 percent in the EU28.

The decrease of 1.8 percent in industrial production in the euro area in August, compared with July, is due to production of capital goods falling by 4.8 percent, intermediate goods by 0.7 percent and non-durable consumer goods by 0.2 percent, while durable consumer goods increased by 0.2 percent and energy by 1.2 percent.

In the EU28, the decrease of 1.4 percent is due to production of capital goods falling by 4.3 percent and intermediate goods by 0.4 percent, while non-durable consumer goods increased by 0.2 percent, durable consumer goods by 0.6 percent and energy by 1.2 percent.

The largest decreases in industrial production were registered in Hungary (-5.8 percent), Germany (-4.3 percent) and Croatia (-4.1 percent), and the highest increases in Denmark (+6.9 percent), Portugal (+3.1 percent) and the Netherlands (+1.3 percent).

Annual comparison

The decrease of 1.9 percent in industrial production in the euro area in August 2014, compared with August 2013, is due to production of capital goods falling by 3.7 percent, energy by 3.5 percent, durable consumer goods by 2.9 percent and intermediate goods by 1.1 percent, while non-durable consumer goods increased by 1.4 percent.

In the EU28, the decrease of 0.8 percent is due to production of energy falling by 3.3 percent and capital goods by 2.3 percent, while intermediate goods increased by 0.4 percent, durable consumer goods by 1.4 percent and non-durable consumer goods by 1.9 percent.

The largest decreases in industrial production were registered in Malta (-7.0 percent), Greece (-6.0 percent), Lithuania (-4.9 percent) and Croatia (-4.7 percent), and the highest increases in Ireland (+18.3 percent), Luxembourg (+5.6 percent), Slovenia (+4.6 percent) and Portugal (+3.9 percent).

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