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Industrial Production Down by 1.2% in Both Euro Area and EU27
added: 2008-12-12

In October 2008 compared with September 2008, seasonally adjusted industrial production fell by 1.2% in both the euro area (EA15) and the EU272. In September production decreased by 1.8% and 1.3% respectively.

In October 2008 compared with October 2007, industrial production declined by 5.3% in the euro area and by 5.0% in the EU27.

These estimates are released by Eurostat, the Statistical Office of the European Communities.

Monthly comparison

In October 2008 compared with September 2008, production of non-durable consumer goods grew by 0.3% in the euro area and by 0.1% in the EU27. Production of energy fell by 0.1% and 1.1% respectively. Durable consumer goods dropped by 1.4% in the euro area and by 0.7% in the EU27. Capital goods declined by 2.0% and 1.7% respectively. Intermediate goods decreased by 2.0% in both zones.

In October 2008, among the Member States for which data are available, industrial production fell in nineteen and grew only in Portugal (+1.3%). The most significant falls were registered in Ireland (-6.4%), Lithuania (-5.6%), Estonia (-5.0%), Latvia (-3.7%) and Romania (-3.4%).

Annual comparison

In October 2008 compared with October 2007, production of energy fell by 1.3% in the euro area and by 2.1% in the EU27. Non-durable consumer goods decreased by 2.5% and 2.7% respectively. Capital goods declined by 5.2% in the euro area and by 4.9% in the EU27. Intermediate goods dropped by 7.4% and 7.2% respectively. Production of durable consumer goods fell by 8.4% in the euro area and by 6.3% in the EU27.

In October 2008, among the Member States for which data are available, industrial production fell in eighteen and rose only in Poland and Slovakia (both +0.1%). The most significant falls were registered in Spain (-12.8%), Estonia (-11.0%), Ireland (-10.0%), Latvia (-9.0%) and France (-7.5%).


Source: Eurostat

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