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Euro area industrial output up 0.5 percent in June from May

Thursday, 17 August 2023 13:31:42 (GMT+3)   |   Istanbul
       

In June this year, seasonally-adjusted industrial production increased by 0.5 percent in the euro area and by 0.4 percent in the EU-27, as compared with May.

Industrial production in May this year had remained unchanged compared to April. In June this year, compared with June 2022, industrial production moved down by 1.2 percent in both the euro area and the EU-27. These figures are released by Eurostat, the Statistical Office of the European Union.   

As compared to May this year, in June the production of durable goods fell by 0.1 percent in the euro area and by 0.4 percent in the EU-27, while the production of capital goods decreased by 0.7 percent both in the euro area and the EU-27 on month-on-month basis. In the given month, output of non-durable consumer goods fell by 0.1 percent in the euro area and by 0.4 percent in the EU-27, month on month. In June, the production of intermediate goods fell by 0.9 percent in the euro area and by 0.8 percent in the EU-27, while the production of energy moved up by 0.5 percent in both the euro area and the EU-27, all month on month.   

Among the member states, in June the highest month-on-month increases were registered in Denmark (12.3%), Ireland (8.3%), and Slovakia (3.6%).   

As compared to the same month of 2022, in June this year production of capital goods increased by 4.4 percent in the euro area and 4.8 percent in the EU-27. In the same month, production of durable consumer goods was down by 5.2 percent in the euro area and by 6.5 percent in the EU-27, while production of intermediate goods fell by 6.3 percent in the euro area and by 6.6 percent in the EU-27, all year on year. In the given month, production of non-durable consumer goods increased by 0.2 percent in the euro area and by 2.1 percent in the EU-27, while production of energy declined by 7.8 percent in the euro area and by 8.9 percent in the EU-27, all on year-on-year basis.   

In June, the highest year-on-year increases were registered in Denmark (12.3%), Ireland (8.3%) and Slovakia (3.6%), while Estonia (-12.7%), Bulgaria (-9.3%), and Belgium (-7.6%) registered the highest decreases.


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