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Home » Local News

Industrial production stable in euro area, up by 0.1% in EU27

Eurostat
In June 2008 compared with May 2008, seasonally adjusted industrial production remained unchanged in the euro area (EA15) and grew by 0.1% in the EU272. In May production fell by 1.8% and 1.3% respectively. In June 2008 compared with June 2007, industrial production decreased by 0.5% in the euro area and by 0.3% in the EU27. These estimates are released by Eurostat, the Statistical Office of the European Communities. This release had no specific details available for Malta.

Monthly comparison - In June 2008 compared with May 2008, production of energy increased by 1.0% in the euro area and by 0.6% in the EU27. Non-durable consumer goods grew by 0.9% and 0.7% respectively. Durable consumer goods fell by 0.1% in the euro area and by 0.4% in the EU27. Intermediate goods declined by 0.2% in the euro area, but remained stable in the EU27. Capital goods decreased by 0.4% and 0.3% respectively.

In June 2008, among the Member States for which data are available, industrial production rose in eleven and fell in ten. The highest increases were registered in Portugal (+3.0%), the Netherlands (+2.9%) and Poland (+2.8%), while the largest falls were recorded in Ireland (-5.3%), Denmark (-3.7%) and Bulgaria (-2.4%).

Annual comparison - In June 2008 compared with June 2007, production of capital goods increased by 1.4% in both zones. Non-durable consumer goods fell by 0.6% in the euro area and by 0.7% in the EU27. Energy declined by 0.8% and 0.3% respectively. Intermediate goods decreased by 1.1% in the euro area and by 0.9% in the EU27. Durable consumer goods fell by 5.3% and 3.7% respectively. In June 2008, among the Member States for which data are available, industrial production rose in twelve and fell in nine. The highest increases were registered in Poland (+7.3%), Slovakia (+6.3%) and Ireland (+6.1%), while the largest decreases were recorded in Spain (-9.0%), Latvia (-5.2%) and Estonia (-4.7%).


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