Insider Economy Industrial production down by 0.3% in euro area, down by 0.1% in...

Industrial production down by 0.3% in euro area, down by 0.1% in EU28

In March 2019 compared with February 2019, seasonally adjusted industrial production fell by 0.3% in the euro area (EA19) and by 0.1% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In February 2019, industrial production fell by 0.1% in the euro area and remained stable in the EU28. In March 2019 compared with March 2018, industrial production decreased by 0.6% in the euro area and increased by 0.4% in the EU28.

In the euro area in March 2019, compared with February 2019, production of non-durable consumer goods fell by 1.0% and energy by 0.3%, while production of intermediate goods rose by 0.1%, capital goods by 0.4% and durable consumer goods by 0.7%. In the EU28, production of non-durable consumer goods fell by 0.5% and energy by 0.2%, while production of intermediate goods remained unchanged, capital goods rose by 0.4% and durable consumer goods by 0.5%. Among Member States for which data are available, the largest decreases in industrial production were registered in Malta (-3.7%), Greece (-2.7%) and Sweden (-2.3%). The highest increases were observed in Lithuania (+3.5%), Denmark (+1.8%) and Slovakia (+1.2%).

In the euro area in March 2019, compared with March 2018, production of energy fell by 7.3%, durable consumer goods by 0.7% and intermediate goods by 0.4%, while production of non-durable consumer goods remained unchanged and capital goods rose by 1.3%. In the EU28, production of non-durable consumer goods rose by 1.7%, capital goods by 1.5%, intermediate goods by 0.8% and durable consumer goods by 0.1%, while production of energy fell by 6.2%. Among Member States for which data are available, the largest decreases in industrial production were registered in Portugal (-7.9%), Malta (-3.6%) and Spain (-3.4%). The highest increases were observed in Ireland (+22.1%), Poland (+8.0%) and Hungary (+7.9%).

(Cyprus News Agency)

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