Euro Area Industrial Production Falls in July 2013 - Modern Distribution Management

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Euro Area Industrial Production Falls in July 2013

Year-over-year, industrial production dropped by 2.1 percent.
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Compared with June, seasonally adjusted European industrial production in July fell by 1.5 percent in the euro area (EA17) and by 1 percent in the EU28, according to Eurostat. In June industrial production increased by 0.6 percent and 0.9 percent, respectively. Compared with July 2012, industrial production dropped by 2.1 percent in the euro area and by 1.7 percent in the EU28.

Compared with June, July production of capital goods fell by 2.6 percent in the euro area and by 1.6 percent in the EU28. Durable consumer goods decreased by 2.2 percent and 0.5 percent, respectively. Energy dropped by 1.6 percent in the euro area and by 1.2 percent in the EU28. Nondurable consumer goods declined by 0.9 percent and 0.5 percent, respectively.

Intermediate goods fell by 0.7 percent in the euro area and by 0.6 percent in the EU28.

Among the member states for which data are available, industrial production fell in 12, rose in 10 and remained stable in the UK. The largest decreases were registered in Ireland (-8.7 percent), Malta (-6.7 percent), Portugal (-3.2 percent), Greece (-2.8 percent) and Germany (-2.3 percent). The highest increases in Lithuania (3.3 percent), Denmark (2.3 percent), Estonia (2.1 percent) and Finland (2 percent).

Compared with July 2012, production of durable consumer goods fell by 3.9 percent in the euro area and by 1.8 percent in the EU28. Capital goods dropped by 3.3 percent and 1.9 percent respectively. Energy decreased by 2.8 percent in the euro area and by 4.4 percent in the EU28. Intermediate goods declined by 1.2 percent in both zones. Nondurable consumer goods fell by 0.7 percent in the euro area and by 0.4 percent in the EU28.

Among the member states for which data are available, industrial production fell in 15, rose in seven and remained stable in Slovenia. The largest decreases were registered in Greece (-8.2 percent), Ireland (-7.9 percent), Malta (-7.7 percent) and Sweden (-6.2 percent). The highest increases were in Estonia (7.8 percent), Romania (7.3 percent) and Poland (3.8 percent).

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