The 2020 Mid-Year Economic Update_long

February European Industrial Production Up from January

Industrial production up 1.7% in euro area, 2.1% in EU28 year-over-year.

Seasonally adjusted industrial production rose by 0.2 percent in February, compared with January, in the euro area (EA18) and by 0.4 percent in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In January, industrial production remained stable in the euro area and increased by 0.2 percent in the EU28.

Compared with February 2013, industrial production grew by 1.7 percent in the euro area and by 2.1 percent in the EU28.

Compared with January, February production of energy fell by 1.7 percent in the euro area and 1.4 percent in the EU28. Non-durable consumer goods increased by 0.5 percent in the euro area and by 0.9 percent in the EU28. Durable consumer goods dropped by 1.2 percent in the euro area and by 0.7 percent in the EU28. Intermediate goods increased 0.6 percent and 0.5 percent respectively.

The largest decreases in industrial production were registered in Croatia (down 2.8 percent), Estonia (down 2.2 percent) and Romania (down 1.3 percent), and the highest increases in Malta (up 5.4 percent), Ireland (up 5 percent) and Lithuania (up 2.5 percent).

Compared with February 2013, February 2014 production of capital goods increased by 4 percent in the euro area and by 4.5 percent in the EU28. Energy fell by 8.5 percent and 7.2 percent respectively. Non-durable consumer goods increased by 2.8 percent in the euro area and 2.7 percent in the EU28. Durable consumer goods fell by 0.6 percent in the euro area, but rose 1.5 percent in the EU28. Intermediate goods grew by 4.2 percent and 4.6 percent respectively.

The highest increases in industrial production were registered in Slovakia (up 9 percent), Romania (up 8.9 percent) and Hungary (up 8.2 percent), and the largest decreases in the Netherlands (down 8.9 percent), Finland (down 5.4 percent) and Lithuania (down 2.1 percent).

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