News Local Industrial production falls by 0.8% in the euroarea in February, by 0.9%...

Industrial production falls by 0.8% in the euroarea in February, by 0.9% in Cyprus in January

In February 2018 compared with January 2018, seasonally adjusted industrial production fell by 0.8% in the euro area (EA19) and by 0.7% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In January 2018, industrial production fell by 0.6% in the euro area and by 0.3% in the EU28. In February 2018 compared with February 2017, industrial production increased by 2.9% in the euro area and by 3.1% in the EU28. In Cyprus industrial production decreased by 0.9% in January 2018 compared to December 2017, but increased by 7.2% compared to January 2017 (latest available data).

The decrease of 0.8% in industrial production in the euro area in February 2018, compared with January 2018, is due to production of capital goods falling by 3.6%, durable consumer goods by 2.1%, intermediate goods by 0.8% and non-durable consumer goods by 0.5%, while production of energy rose by 6.8%. In the EU28, the decrease of 0.7% is due to production of capital goods falling by 2.7%, durable consumer goods by 1.6%, intermediate goods by 1.0% and non-durable consumer goods by 0.4%, while production of energy rose by 5.1%. Among Member States for which data are available, the largest decreases in industrial production were registered in Lithuania (-3.9%), Estonia (-2.7%), Malta and Portugal (both -2.3%), and the highest increases in Latvia and the Netherlands (both +3.9%), and Croatia (+2.1%).

The increase of 2.9% in industrial production in the euro area in February 2018, compared with February 2017, is due to production of energy rising by 5.7%, intermediate goods by 2.9%, non-durable consumer goods by 2.4%, capital goods by 2.2% and durable consumer goods by 0.8%. In the EU28, the increase of 3.1% is due to production of energy rising by 4.6%, capital goods by 3.2%, intermediate goods by 3.1%, non-durable consumer goods by 2.2% and durable consumer goods by 1.4%. Among Member States for which data are available, the highest increases in industrial production were registered in Latvia (+8.7%), Poland (+7.5%) and Slovenia (+7.2%). Decreases were observed in Malta (-7.7%), Greece (-1.9%) and Bulgaria (-1.0%).

CNA/THA/GV/2018

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