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Industrial Production Down by 2.0% in Euro Area in March 2009
added: 2009-05-14

In March 2009 compared with February 2009, seasonally adjusted industrial production fell by 2.0% in the euro area (EA16) and by 1.9% in the EU27. In February production decreased by 2.5% and 2.2% respectively. In March 2009 compared with March 2008, industrial production declined by 20.2% in the euro area and by 18.8% in the EU27.

Monthly comparison

In March 2009 compared with February 2009, production of capital goods fell by 0.5% in the euro area and by 1.3% in the EU27. Non-durable consumer goods decreased by 1.0% and 0.5% respectively. Durable consumer goods dropped by 2.5% in the euro area and by 1.8% in the EU27. Energy declined by 2.8% and 3.1% respectively. Intermediate goods fell by 3.1% in the euro area and by 2.7% in the EU27.

Among the Member States for which data are available, industrial production rose in five and fell in fourteen. The highest increases were registered in Portugal (+3.1%) and Finland (+2.2%), and the most significant falls in Luxembourg (-7.2%), Lithuania (-6.3%), Italy (-4.6%) and Spain (-3.5%).

Annual comparison

In March 2009 compared with March 2008, production of non-durable consumer goods fell by 7.2% in the euro area and by 5.3% in the EU27. Energy decreased by 9.2% and 9.0% respectively. Durable consumer goods declined by 23.2% in the euro area and by 20.5% in the EU27. Capital goods dropped by 23.5% and 23.0% respectively. Intermediate goods fell by 27.0% in the euro area and by 25.6% in the EU27.

Industrial production fell in all Member States for which data are available. The largest decreases were registered in Estonia (-29.7%), Luxembourg (-29.6%), Spain (-24.7%) and Italy (-23.8%), and the smallest in Greece (-5.8%), Portugal (-7.9%) and Poland (-10.0%).


Source: Eurostat

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