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Euro area industrial output down 0.6% in June from May

Tuesday, 14 August 2012 17:08:04 (GMT+3)   |  
       

In June this year, seasonally-adjusted industrial production decreased by 0.6 percent in the euro area and by 0.9 percent in the EU-27, as compared with May. In May, production rose by 0.9 percent and 0.8 percent month on month respectively.

Meanwhile, in June this year, seasonally-adjusted industrial production decreased by 2.1 percent in the euro area and by 2.2 percent in the EU-27 year on year. These figures are released by Eurostat, the statistical office of the European Union.

As compared to May, in June this year production of non-durable consumer goods decreased by 0.7 percent in euro area and by one percent in the EU-27, while capital goods fell by 1.3 percent in both zones. Meanwhile, the production of durable consumer goods increased by 0.2 percent in the euro area and decreased by 1.1 percent in the EU-27, while intermediate goods fell slightly by 0.4 percent in the euro area and by one percent in the EU-27. Production of energy increased by 0.4 percent in the euro area and fell by 0.2 percent in the EU-27, month on month.

Among the member states for which data are available, in June as compared to previous month, industrial production rose in five states and fell in 16. The highest increases were registered in Lithuania (+18.6%), in Slovenia (+2.9 %) and in Ireland (+2.7 %), while the largest decreases were in the UK (-2.5%), Poland (-2%), Estonia (-1.7%) and Italy (-1.4%).

As compared to the same month of 2011, in June this year production of capital goods declined by 0.9 percent in the euro area and by one percent in the EU-27, while intermediate goods fell by 3.7 percent and 3.5 percent respectively, durable consumer goods fell by two percent in the euro area and by 2.5 percent in the EU-27, while production of energy dropped by 0.4 percent in the euro area and by 1.7 percent in the EU-27. The production of non durable consumer goods fell by two percent in the euro area and by 1.5 in the EU-27, year on year.

Among the member states for which data are available, in June this year as compared to June 2011 industrial production rose in eight states, fell in 12 and remained stable in Greece. The highest increases were registered in Ireland (+9.5%) and in Latvia (+5.4%), while the largest decreases were seen in Italy (-8.2%), in Spain (-6.3%), in the UK (-4.6%) and in Portugal (-4.4%).