European Industrial Production Down 1.1% in July

Industrial production down 1 percent in the EU28.

European seasonally adjusted industrial production fell by 1.1 percent in July in the euro area (EA19) and by 1 percent in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In June, industrial production rose by 0.8 percent in the euro area and by 0.7 percent in the EU28.

In July 2016 compared with July 2015, industrial production decreased by 0.5 percent in the euro area and by 0.1 percent in the EU28.

The decrease of 1.1 percent in industrial production in the euro area in July 2016, compared with June 2016, is due to production of capital goods falling by 1.7 percent, energy by 1.4 percent, durable consumer goods by 0.7 percent and intermediate goods by 0.5 percent, while production of non-durable consumer goods remained unchanged.

In the EU28, the decrease of 1 percent is due to production of capital goods falling by 2.1 percent, durable consumer goods by 0.6 percent, intermediate goods by 0.4 percent and energy by 0.2 percent, while production of non-durable consumer goods rose by 0.2 percent.

Among member states for which data are available, the largest decreases in industrial production were registered in Slovakia (-15.9 percent), the Czech Republic (-9.7 percent) and the Netherlands (-5.8 percent), and the highest increases in Estonia (+4.5 percent), Ireland (+3.7 percent) and Denmark (+2.3 percent).

The decrease of 0.5 percent in industrial production in the euro area in July 2016, compared with July 2015, is due to production of energy falling by 5.9 percent and capital goods by 1.2 percent, while intermediate goods rose by 0.3 percent, non-durable consumer goods by 1.3 percent and durable consumer goods by 2.6 percent.

In the EU28, the decrease of 0.1 percent is due to production of energy falling by 4 percent and capital goods by 0.7 percent, while intermediate goods rose by 0.4 percent, non-durable consumer goods by 1.2 percent and durable consumer goods by 3.1 percent.

Among member states for which data are available, the largest decreases in industrial production were registered in Slovakia (-14.3 percent), the Czech Republic (-7.6 percent) and Malta (-3.9 percent), and the highest increases in Denmark and Slovenia (both +7.4 percent), Finland (+6.8 percent) and Ireland (+5 percent).

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access