Last Updated : 14 November 2012 at 16:50 IST
Eurozone industrial production data for Sept disappointing
Source :Commodity Online
Among the Member States for which data are available, industrial production fell in eighteen, rose in four and remained stable in the Netherlands. The largest decreases were registered in Ireland (-12.6%), Portugal (-12.0%), Greece (-4.4%), Sweden (-3.4%), Spain and Latvia (both -2.8%) and France (-2.7%), and the highest increases in Estonia (+2.0%) and Slovakia (+1.4%).
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LUXEMBURG (Commodity Online): European industrial production in September fell 2.5% compared to August and 2.3% on year-on-year basis, according to Eurostat, the statistical office of the European Union. The performance was disappointing as it was the worst on a monthly basis since January 2009, when factory output fell 4.0 percent as the global financial crisis drove major world economies into recession
In August production increased by 0.9% and 0.5% respectively in the 17 nations that are part of the EU. In September 2012 compared with September 2011, industrial production dropped by 2.3% in the euro area and by 2.7% in the EU27.
Monthly comparison: In September 2012 compared with August 2012, production of durable consumer goods fell by 4.3% in the euro area and by 3.7% in the EU27. Capital goods decreased 3.0% and 2.6% respectively. Non-durable consumer goods declined by 2.8% in the euro area and by 2.1% in the EU27. Intermediate goods dropped by 2.0% and 1.7% respectively. Production of energy fell by 1.8% in the euro area and by 2.6% in the EU27.
Among the Member States for which data are available, industrial production fell in eighteen, rose in four and remained stable in the Netherlands. The largest decreases were registered in Ireland (-12.6%), Portugal (-12.0%), Greece (-4.4%), Sweden (-3.4%), Spain and Latvia (both -2.8%) and France (-2.7%), and the highest increases in Estonia (+2.0%) and Slovakia (+1.4%).
Annual comparison in September 2012 compared with September 2011, production of intermediate goods fell by 4.0% in the euro area and by 4.1% in the EU27. Non-durable consumer goods dropped by 2.3% and 1.8% respectively. Production of energy declined by 1.6% in the euro area and by 2.8% in the EU27. Durable consumer goods decreased by
1.2% and 3.0% respectively. Capital goods fell by 0.8% in the euro area and by 1.2% in the EU27.
Among the Member States for which data are available, industrial production fell in seventeen and rose in six. The largest decreases were registered in Ireland (-12.8%), Portugal (-8.8%), Greece (-7.5%), Spain (-7.0%) and Italy (-4.8%), and the highest increases in Slovakia (+13.0%), Estonia (+8.3%) and Lithuania (+8.0%).
