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August 2014 compared with July 2014: Industrial production down by 1.8% in euro area, down by 1.4% in EU28

EUROSTATBRUSSELS, October 15, 2014 - In August 2014 compared with July 2014, seasonally adjusted industrial production fell by 1.8% in the euro area (EA18) and by 1.4% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In July 2014 industrial production rose by 0.9% and 0.7% respectively.

In August 2014 compared with August 2013, industrial production decreased by 1.9% in the euro area and by 0.8% in the EU28.

Monthly comparison by main industrial grouping and by Member State

The decrease of 1.8% in industrial production in the euro area in August 2014, compared with July 2014, is due to production of capital goods falling by 4.8%, intermediate goods by 0.7% and non-durable consumer goods by 0.2%, while durable consumer goods increased by 0.2% and energy by 1.2%.

In the EU28, the decrease of 1.4% is due to production of capital goods falling by 4.3% and intermediate goods by 0.4%, while non-durable consumer goods increased by 0.2%, durable consumer goods by 0.6% and energy by 1.2%.

The largest decreases in industrial production were registered in Hungary (-5.8%), Germany (-4.3%) and Croatia (-4.1%), and the highest increases in Denmark (+6.9%), Portugal (+3.1%) and the Netherlands (+1.3%).

Annual comparison by main industrial grouping and by Member State

The decrease of 1.9% in industrial production in the euro area in August 2014, compared with August 2013, is due to production of capital goods falling by 3.7%, energy by 3.5%, durable consumer goods by 2.9% and intermediate goods by 1.1%, while non-durable consumer goods increased by 1.4%.

In the EU28, the decrease of 0.8% is due to production of energy falling by 3.3% and capital goods by 2.3%, while intermediate goods increased by 0.4%, durable consumer goods by 1.4% and non-durable consumer goods by 1.9%.

The largest decreases in industrial production were registered in Malta (-7.0%), Greece (-6.0%), Lithuania (-4.9%) and Croatia (-4.7%), and the highest increases in Ireland (+18.3%), Luxembourg (+5.6%), Slovenia (+4.6%) and Portugal (+3.9%).

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The index of industrial production measures the evolution of the volume of production for industry excluding construction, based on data adjusted for working day and seasonal effects. Seasonally adjusted euro area and EU series are calculated by aggregating the seasonally adjusted national data. Eurostat carries out the seasonal adjustment of the data for those countries that do not adjust their data for seasonal effects. Missing observations from Member States for recent months are estimated for the calculation of the euro area and the EU.

The weights of the Member States in the EU and euro area aggregates can be found at: https://circabc.europa.eu/w/browse/5e6d1e48-056c-4c6a-8278-3ab138bcf575

More detailed data can be found in the short-term statistics database on the Eurostat website:

http://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/database

The euro area (EA18) includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

The European Union (EU28) includes Belgium, Bulgaria, the Czech Republic, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden and the United Kingdom.

For more info: Eurostat news releases on the internet: http://ec.europa.eu/eurostat

Selected Principal European Economic Indicators: http://ec.europa.eu/eurostat/euroindicators

Follow Eurostat on Twitter: http://twitter.com/EU_Eurostat

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Written by Magda C.Butucea

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