The 2020 Mid-Year Economic Update_long

European Industrial Production Up 1.1% in February

Production rose by 0.9 percent in EU28.

Compared with January, seasonally adjusted industrial production in February increased 1.1 percent in the euro area (EA19) and 0.9 percent in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In January, industrial production fell by 0.3 percent in both zones.

In February compared with February 2014, industrial production increased by 1.6 percent in the euro area and by 1.4 percent in the EU28.

Industrial production increased 1.1 percent in the euro area in February 2015, compared with January 2015, due to production of non-durable consumer goods rising by 1.6 percent, energy by 1.1 percent, both capital goods and durable consumer goods by 1 percent and intermediate goods by 0.3 percent.

Industrial production increased 0.9 percent in the EU28 due to production of non-durable consumer goods rising by 1.1 percent, capital goods by 0.9 percent, energy by 0.6 percent, durable consumer goods by 0.5 percent and intermediate goods by 0.3 percent.

The highest increases in industrial production were registered in Ireland (+16.3 percent), Lithuania (+6.1 percent), Croatia (+3.5 percent) and Greece (+2.5 percent), and the largest decreases in Malta (-1.3 percent), Bulgaria (-0.6 percent) and Portugal (-0.5 percent).

Annual comparison

The increase of 1.6 percent in industrial production in the euro area in February 2015, compared with February 2014, is due to production of energy rising by 6.6 percent, non-durable consumer goods by 1.8 percent, capital goods by 1.1 percent and durable consumer goods by 0.5 percent, while intermediate goods fell by 0.2 percent.

In the EU28, the increase of 1.4 percent is due to production of energy rising by 3.9 percent, capital goods by 1.7 percent, durable consumer goods by 1.3 percent, and both intermediate goods and non-durable consumer goods by 0.7 percent.

The highest increases in industrial production were registered in Ireland (+30.3 percent), the Netherlands (+6.6 percent), Hungary (+5.9 percent) and Slovenia (+5.8 percent), and the largest decreases in Finland (-5.2 percent), Sweden (-3.7 percent) and Denmark (-2.5 percent).

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