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News : Irish Economy Last Updated: Aug 14, 2010 - 4:46:46 PM


Industrial production fell by 0.1% in Eurozone in June; Stable in EU27
By Finfacts Team
Aug 12, 2010 - 10:15:14 AM

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Eurozone industrial production fell by 0.1% and remained stable in the EU27 in the month of June. In May production increased by 1.1% and 1.3% respectively.

In June 2010 compared with June 2009, industrial production increased by 8.2% in the Eurozone and by 7.7% in the EU27. These estimates are from Eurostat, the statistics office of the European Union.

Monthly comparison: In June 2010 compared with May 2010, production of durable consumer goods dropped by 0.9% in the Eurozone and by 0.8% in the EU27. Intermediate goods decreased by 0.6% and 0.4% respectively. Non-durable consumer goods fell by 0.1% in the Eurozone, but grew by 0.1% in the EU27. Capital goods rose by 0.2% and 0.1% respectively. Energy increased by 0.3% in the Eurozone, but decreased by 0.4% in the EU27.

Among the Member States for which data are available, industrial production rose in eleven, fell in eight and remained unchanged in Slovakia. The highest increases were registered in Lithuania (+3.0%), Estonia (+2.6%), Romania and Finland (both +1.9%), and the largest decreases in the Netherlands (-3.1%), France (-1.6%) and Greece (-0.7%).  Ireland was at (1.3%).

Annual comparison: In June 2010 compared with June 2009, production of intermediate goods grew by 11.7% in the Eurozone and by 11.2% in the EU27. Capital goods increased by 8.6% in both zones. Durable consumer goods rose by 7.6% in the Eurozone and by 9.0% in the EU27. Energy gained 6.1% and 4.0% respectively. Non-durable consumer goods grew by 3.0% in the Eurozone and by 3.3% in the EU27.

Industrial production rose in all the Member States for which data are available, except Greece (-5.5%). The highest increases were registered in Slovakia (+23.9%), Estonia (+20.7%), Finland (+14.1%) and Latvia (+13.3%), and the lowest in Spain and the United Kingdom (both +3.0%).  Ireland was at (5.9%).

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).

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