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Eurozone industrial production surged in January; December was revised up; Chemical sector boosted Irish production by 15.3% in month
By Finfacts Team
Mar 12, 2010 - 11:37:45 AM
Eurozone industrial production surged in January posted its biggest monthly increase on record and figures for December were also revised upward. The foreign-owned chemical sector boosted Irish production by 15.3%.
In the month of January 2010, seasonally adjusted industrial production grew by 1.7% in the Eurozone (EA16) and by 1.8% in the EU27. In December 2009 production increased by 0.6% and 0.3% respectively. In the year to January 2010, industrial production climbed by 1.4% in the Eurozone and by 1.5% in the EU27, according to Eurostat, the statistical office of the European Union.
Monthly comparison: In January 2010 production of energy rose by 2.6% in the Eurozone and by 2.2% in the EU27. Durable consumer goods rose by 2.0% and 1.7% respectively. Intermediate goods grew by 1.4% in the Eurozone and by 0.3% in the EU27. Capital goods fell by 0.3% in the Eurozone, but gained 0.4% in the EU27. Non-durable consumer goods decreased by 0.3% in the Eurozone, but rose by 0.5% in the EU27.
Among the Member States for which data are available, industrial production rose in thirteen and fell in six. The highest increases were registered in Ireland (+15.3%), Bulgaria (+4.9%), Estonia (+4.5%) and Denmark (+3.9%), and the largest falls in Portugal and Finland (both -2.2%), Latvia (-1.6%) and Spain (-1.1%).
Annual comparison: In the year to January 2010, production of intermediate goods grew by 4.2% in the Eurozone and by 3.9% in the EU27. Capital goods increased by 0.5% and 1.7% respectively. Non-durable consumer goods remained stable in the Eurozone and rose by 0.2% in the EU27. Production of energy decreased by 0.6% and 2.4% respectively. Durable consumer goods declined by 1.9% in the Eurozone, but increased by 1.5% in the EU27.
Among the Member States for which data are available, industrial production rose in twelve and fell in seven. The highest increases were registered in Malta (+14.3%), Poland (+11.0%), the Czech Republic (+8.0%) and Romania (+6.8%). The largest decreases were registered in Denmark (-9.8%), Lithuania (-5.5%), Greece (-4.4%) and Spain (-2.5%).
Ireland was up 1.9%.
The Eurozone (EA16) includes Belgium, Germany, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.
The EU27 includes Belgium (BE), Bulgaria (BG), the Czech Republic (CZ), Denmark (DK), Germany (DE), Estonia (EE), Ireland (IE), Greece (EL), Spain (ES), France (FR), Italy (IT), Cyprus (CY), Latvia (LV), Lithuania (LT), Luxembourg (LU), Hungary (HU), Malta (MT), the Netherlands (NL), Austria (AT), Poland (PL), Portugal (PT), Romania (RO), Slovenia (SI), Slovakia (SK), Finland (FI), Sweden (SE) and the United Kingdom (UK).
