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Industrial Production Down by 0.2% in Euro Area in March 2011
added: 2011-05-13

In March 2011 compared with February 2011, seasonally adjusted industrial production fell by 0.2% in the euro area (EA17) and by 0.3% in the EU2. In February production rose by 0.6% and 0.4% respectively.

In March 2011 compared with March 2010, industrial production grew by 5.3% in the euro area and by 4.6% in the EU27.

These estimates are released by Eurostat, the statistical office of the European Union.

Monthly comparison

In March 2011 compared with February 2011, production of durable consumer goods grew by 0.1% in the euro area and by 0.3% in the EU27. Intermediate goods remained stable in the euro-area and increased by 0.1% in the EU27. Non-durable consumer goods decreased by 0.7% and 0.8% respectively. Production of energy fell by 0.7% in the euro area and by 1.4% in the EU27. Capital goods dropped by 0.9% and 1.1% respectively.

Among the Member States for which data are available, industrial production fell in eleven and rose in nine. The highest decreases were registered in Lithuania (-4.6%), Denmark (-1.7%), Finland (-1.1%), Ireland and Spain (both -1.0%), and the largest increases in Estonia (+2.8%), Slovenia (+2.2%), Luxembourg (+1.9%) and Latvia (+1.4%).

Annual comparison

In March 2011 compared with March 2010, production of capital goods grew by 10.5% in the euro area and by 10.0% in the EU27. Intermediate goods increased by 7.5% in both zones. Durable consumer goods rose by 2.4% in the euro area and by 1.3% in the EU27. Non-durable consumer goods fell by 0.6% in both zones. Production of energy declined by 2.2% in the euro area and by 3.2% in the EU27.

Among the Member States for which data are available, industrial production rose in fourteen and fell in six. The highest increases were registered in Estonia (+32.7%), Lithuania (+14.5%), Sweden (+13.7%) and Germany (+10.9%), and the largest decreases in Greece (-7.5%), Ireland (-5.4%) and Portugal (-2.4%).


Source: Eurostat

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