Industrial production rises by 1.4% in the euro area (EA19) and by 1.7% in the EU28, in August 2017

In August 2017 compared with July 2017, seasonally adjusted industrial production rose by 1.4% in the euro area (EA19) and by 1.7% in the EU28, according to estimates from Eurostat, the statistical office of the European Union.

In July 2017, industrial production rose by 0.3% in the euro area, while it fell by 0.3% in the EU28. In August 2017 compared with August 2016, industrial production increased by 3.8% in the euro area and by 3.9% in the EU28.

In Cyprus, industrial production increased by 2.1 in monthly and by 8.2 in annual basis in July 2017, the month with the latest available data.

In the Eurozone, the increase of 1.4% in industrial production in August 2017, compared with July 2017, is due to production of capital goods rising by 3.1%, durable consumer goods by 1.3%, intermediate goods by 1.2% and energy by 0.2%, while production of non-durable consumer goods remained stable.

In the EU28, the increase of 1.7% is due to production of capital goods rising by 3.2%, durable consumer goods by 1.2%, intermediate goods by 1.0%, energy by 0.7% and non-durable consumer goods by 0.4%. Among Member States for which data are available, the highest increases in industrial production were registered in the Czech Republic (+14.3%), Malta (+5.4%) and Portugal (+4.7%). Decreases were observed in the Netherlands (-2.3%), Sweden (-1.8%), France and Finland (both -0.4%).

In an annual basis, the increase of 3.8% in industrial production in the euro area in August 2017, compared with August 2016, is due to production of intermediate goods rising by 5.3%, capital goods by 4.9%, durable consumer goods by 3.6% and non-durable consumer goods by 2.4%, while production of energy fell by 0.7%.

In the EU28, the increase of 3.9% is due to production of capital goods rising by 5.5%, intermediate goods by 5.3%, durable consumer goods by 3.6% and non-durable consumer goods by 2.3%, while production of energy fell by 0.4%. Among Member States for which data are available, the highest increases in industrial production were registered in Lithuania (+13.1%), Latvia (+12.1%) and Romania (+10.3%). A decrease was observed in the Netherlands (-1.8%).

source: CNA