Industrial production down in EU28
Baku, Azerbaijan, Nov.14
By Leman Zeynalova – Trend:
The industrial production fell by 0.8 percent in the euro area (EA19) and by 0.7 percent in the EU28 in September 2016, as compared to August 2016, according to estimates from Eurostat, the statistical office of the European Union.
The industrial production rose by 1.8 percent in the euro area and by 1.6 percent in the EU28 in August 2016, said Eurostat.
Industrial production increased by 1.2 percent in both zones in September 2016, as compared to September 2015, according to the estimates.
“The decrease of 0.8 percent in industrial production in the euro area in September 2016, compared with August 2016, is due to production of durable consumer goods falling by 5.6 percent, capital goods by 2.2 percent, intermediate goods by 0.7 percent and energy by 0.2 percent, while production of non-durable consumer goods rose by 0.3 percent,” said Eurostat.
This is while in the EU28, the decrease of 0.7 percent is due to production of durable consumer goods falling by 3.7 percent, capital goods by 1.6 percent, energy by 0.6 percent, non-durable consumer goods by 0.4 percent and intermediate goods by 0.1 percent, according to the estimates.
Among Member States for which data are available, the largest decreases in industrial production were registered in Denmark, Germany and Greece and the highest increases in Sweden, Ireland and Estonia, according to Eurostat.
The euro area (EA19) includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.
The European Union (EU28) includes Belgium, Bulgaria, the Czech Republic, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden and the United Kingdom.