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Industrial production down by 1.1% in euro area

Staff Writer |
In July 2016 compared with June 2016, seasonally adjusted industrial production fell by 1.1% in the euro area (EA19) and by 1.0% in the EU28, according to estimates from Eurostat.

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In June 2016 industrial production rose by 0.8% in the euro area and by 0.7% in the EU28.

In July 2016 compared with July 2015, industrial production decreased by 0.5% in the euro area and by 0.1% in the EU28.

The decrease of 1.1% in industrial production in the euro area in July 2016, compared with June 2016, is due to production of capital goods falling by 1.7%, energy by 1.4%, durable consumer goods by 0.7% and intermediate goods by 0.5%, while production of non-durable consumer goods remained unchanged.

In the EU28, the decrease of 1.0% is due to production of capital goods falling by 2.1%, durable consumer goods by 0.6%, intermediate goods by 0.4% and energy by 0.2%, while production of non-durable consumer goods rose by 0.2%.

Among member states for which data are available, the largest decreases in industrial production were registered in Slovakia (-15.9%), the Czech Republic (-9.7%) and the Netherlands (-5.8%), and the highest increases in Estonia (+4.5%), Ireland (+3.7%) and Denmark (+2.3%).

The decrease of 0.5% in industrial production in the euro area in July 2016, compared with July 2015, is due to production of energy falling by 5.9% and capital goods by 1.2%, while intermediate goods rose by 0.3%, nondurable consumer goods by 1.3% and durable consumer goods by 2.6%.

In the EU28, the decrease of 0.1% is due to production of energy falling by 4.0% and capital goods by 0.7%, while intermediate goods rose by 0.4%, non-durable consumer goods by 1.2% and durable consumer goods by 3.1%.

Among member states for which data are available, the largest decreases in industrial production were registered in Slovakia (-14.3%), the Czech Republic (-7.6%) and Malta (-3.9%), and the highest increases in Denmark and Slovenia (both +7.4%), Finland (+6.8%) and Ireland (+5.0%).