Industrial production up by 1.2% in euro area

Industrial production up by 1.2% in euro area

The FINANCIAL -- In August 2007 compared with July 2007, seasonally adjusted industrial production1 increased by 1.2% in the euro area2 (EA13) and by 0.9% in the EU272. In July3 production grew by 0.7% in the euro area and by 0.6% in the EU27.


In August 2007 compared with August 2006, industrial production rose by 4.3% in the euro area and by 4.0% in the EU27.

 

These estimates are released by Eurostat, the Statistical Office of the European Communities.

Monthly comparison

 

In August 2007 compared with July 2007, production of durable consumer goods increased by 3.8% in the euro area and by 3.2% in the EU27. Non-durable consumer goods rose by 1.6% and 1.2% respectively. Intermediate goods grew by 1.3% in the euro area and by 1.1% in the EU27. Capital goods gained 1.1% and 1.2% respectively. Energy rose by 0.8% in the euro area, but fell by 0.4% in the EU27.


In August 2007, and among the Member States for which data are available, industrial production rose in twelve and fell in eight. The highest increases were registered in Portugal (+2.5%), Germany and Latvia (both +1.7%), while the largest decreases were recorded in Slovakia (-2.5%), Denmark and Romania (both -2.0%).

 

Annual comparison

 

In August 2007 compared with August 2006, production of capital goods increased by 6.6% in the euro area and by 6.7% in the EU27. Non-durable consumer goods rose by 5.2% and 3.6% respectively. Durable consumer goods grew by 4.1% in the euro-area and by 6.3% in the EU27. Intermediate goods gained 3.2% and 3.1% respectively. Energy increased by 1.6% in the euro area and by 0.8% in the EU27.


In August 2007, and among the Member States for which data are available, industrial production rose in seventeen and fell in three. The highest increases were registered in Lithuania (+13.7%), Slovenia (+10.0%) and Poland (+9.0%), while decreases were recorded in Denmark (-1.3%), Greece (-0.4%) and Finland (-0.3%).

Author: The FINANCIAL


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