March European Industrial Production Up from February

Compared with March 2012, industrial production declined in both areas.

Seasonally adjusted industrial production in March grew by 1 percent in the euro area (EA17) and by 0.9 percent in the EU27 when compared with February, according to estimates released by Eurostat, the statistical office of the European Union. In February, production increased by 0.3 percent in both zones.

Compared with March 2012, industrial production decreased by 1.7 percent in the euro area and by 1.1 percent in the EU27.

Monthly comparison
Production of energy grew by 3.8 percent in the euro area and by 3 percent in the EU27. Durable consumer goods increased by 1.9 percent and 2.2 percent respectively. Capital goods rose by 1.2 percent in both zones. Intermediate goods fell by 0.1 percent in the euro area and by 0.2 percent in the EU27. Non-durable consumer goods dropped by 0.7 percent and 0.2 percent respectively.

Among the member states for which data are available, industrial production rose in 16 and fell in seven. The highest increases were registered in Portugal(+5.3 percent) and the Netherlands(+4.5 percent).

Annual comparison
Compared with March 2012, production of intermediate goods dropped by 4.6 percent in the euro area and by 4 percent in the EU27. Capital goods decreased by 3.1 percent and 2.1 percent respectively. Non-durable consumer goods fell by 3.1 percent in the euro area and by 1.8 percent in the EU27. Durable consumer goods declined by 2.2 percent and 0.7 percent respectively. Energy increased by 9.2 percent in the euro area and by 6.7 percent in the EU27.

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