European Industrial Production Up in June - Modern Distribution Management

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European Industrial Production Up in June

Production was up sequentially and year over year.
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Seasonally adjusted European industrial production in June grew by 0.7 percent in the euro area (EA17) and by 0.9 percent in the EU272 compared with May, according to estimates by Eurostat. In May, production decreased by 0.2 percent and 0.4 percent, respectively. Year over year, industrial production in June increased by 0.3 percent in the euro area and by 0.4 percent in the EU27.

Compared with May, June production of durable consumer goods grew by 4.9 percent in the euro area and by 4.2 percent in the EU27. Capital goods increased by 2.5 percent in both zones. Intermediate goods rose by 0.5 percent in the euro area and by 0.8 percent in the EU27. Non-durable consumer goods fell by 0.6 percent and 0.3 percent, respectively. Energy dropped by 1.6 percent in the euro area and by 1.3 percent in the EU27.

Among the Member States for which data are available, industrial production in June rose in fourteen and fell in eight compared to the prior month. The highest increases were registered in Ireland (up 8.7 percent), Romania (up 5.7 percent), Poland (up 3.1 percent), Germany and Greece (both up 2.5 percent), and the largest decreases in the Netherlands (down 4.1 percent), Portugal (down 2.8 percent) and France (down 1.5 percent).

Compared with June 2012, capital goods in June grew by 3.3 percent in the euro area and by 3.2 percent in the EU27. Durable consumer goods fell by 1.0 percent in the euro area and increased by 0.1 percent in the EU27. Non-durable consumer goods dropped by 1.1 percent and 0.5 percent respectively. Intermediate goods declined by 1.3 percent in the euro area and by 0.7 percent in the EU27. Energy decreased by 1.7 percent and 2.9 percent, respectively.

Among the Member States for which data are available, industrial production rose in eleven and fell in eleven in June, year over year. The highest increases were registered in Romania (up 9.6 percent), Poland (up 5.3 percent) and Estonia (up 4.7 percent), and the largest decreases in Finland (down 5.9 percent), Bulgaria (down 4.4 percent) and the Czech Republic (down 3 percent).

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