Euro area industrial production down by 1 pct

In January, euro area and EU28's industrial production drops in January compared to previous month, Eurostat says 

Euro area industrial production down by 1 pct

World Bulletin / News Desk

Seasonally adjusted industrial production dropped by 1 percent in the euro area (EA19) and by 0.7 percent in the EU28 in January, compared to the previous month, the statistical office of the European Union announced on Wednesday.

In December 2017, industrial production has increased by 0.4 percent in the euro area and by 0.3 percent in the EU28, according to Eurostat's statement.

Eurostat underlined, the decrease of 1 percent in the euro area stemmed from fallings in the production of energy (6.6 percent), durable consumer goods (1.9 percent) and intermediate goods (1 percent).

Meanwhile, production of capital goods and non-durable consumer goods rose by 1.2 percent and 0.1 percent, respectively, said the statement.

The EU28's decline is also due to the falling of energy production by 3.3 percent, durable consumer goods by 1.4 percent, intermediate goods by 0.6 percent and non-durable goods by 0.3 percent, while production of capital goods rose by 1.2 percent.

"Among member states for which data are available, the largest decreases in industrial production were registered in the Netherlands (5.7 percent), Romania (2.9 percent) and Spain (2.5 percent), and the highest increases in Portugal (2.5 percent), Estonia (1.9 percent) and Denmark (1.8 percent).

Güncelleme Tarihi: 14 Mart 2018, 18:20