In July this year, industrial production fell by 0.5 per cent MoM in the euro area and by 0.3 per cent MoM in the EU.

Month on month, industrial production in the euro area in August decreased by 0.3 per cent for intermediate goods, increased by 0.4 per cent for energy, increased by 3.7 per cent for capital goods, increased by 1.7 per cent for durable consumer goods and increased by 0.2 per cent for non-durable consumer goods.

In the EU, industrial production decreased by 0.2 per cent MoM for intermediate goods, increased by 0.2 per cent MoM for energy, increased by 3.6 per cent MoM for capital goods, increased by 1.4 per cent MoM for durable consumer goods and decreased by 0.4 per cent MoM for non-durable consumer goods.

The highest monthly increases were recorded in Ireland (plus 4.5 per cent), Germany and Lithuania (both plus 3.3 per cent) as well as in Malta (plus 2.7 per cent).The largest decreases were observed in Luxembourg (minus 9.2 per cent), Croatia (minus 4.6 per cent) and Denmark (minus 4.5 per cent).

In the euro area in August, industrial production decreased by 2.7 per cent YoY for intermediate goods, increased by 2.6 per cent YoY for energy, increased by 0.2 per cent YoY for capital goods, decreased by 4.8 per cent YoY for durable consumer goods, increased by 2 per cent YoY for non-durable consumer goods.

In the EU in August, industrial production decreased by 2.4 per cent YoY for intermediate goods, increased by 2.2 per cent YoY for energy, increased by 0.2 per cent YoY for capital goods, decreased by 3.9 per cent YoY for durable consumer goods and increased by 3.1 per cent YoY for non-durable consumer goods.

The highest annual increases were recorded in Ireland (plus 15.8 per cent), Denmark (plus 10.7 per cent) and Slovenia (plus 7.2 per cent). The largest decreases were observed in Luxembourg (minus 11.7 per cent), Estonia (minus 6 per cent) and Hungary (minus 4.2 per cent).

Fibre2Fashion News Desk (DS)