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Industrial Production down by 0.8% in Euro Area
added: 2007-06-12

Seasonally adjusted industrial production decreased by 0.8% in the euro area (EA13) in April 2007 compared with March 2007. Production rose by 0.5% in both March and February. In the EU27 output fell by 0.4% in April, after increases of 0.5% in March and 0.4% in February. In April 2007 compared with April 2006, industrial production rose by 2.8% in the euro area and by 3.2% in the EU27.



Monthly comparison

In April 2007 compared with March 2007, production of energy increased by 0.5% in the euro area and by 0.4% in the EU27. Non-durable consumer goods decreased by 0.8% and 0.6% respectively. Capital goods declined by 0.9% in the euro area and by 0.1% in the EU27. Intermediate goods fell by 1.4% and 0.9% respectively. Durable consumer goods decreased by 1.6% in the euro area and by 1.5% in the EU27.

In April 2007, and among the Member States for which data are available, industrial production rose in six Member States and fell in fourteen. The highest increases were registered in Lithuania (+3.5%) and Bulgaria (+1.6%), while the largest decreases were recorded in Romania (-4.9%), Portugal (-4.6%), Ireland (-3.3%) and Greece
(-3.1%).

Annual comparison

In April 2007 compared with April 2006, production of capital goods increased by 5.7% in the euro area and by 6.9% in the EU27. Intermediate goods grew by 3.8% and 4.2% respectively. Non-durable consumer goods gained 2.4% in both zones. Durable consumer goods rose by 1.7% in the euro area and by 2.4% in the EU27. Production of energy fell by 3.9% and 4.0% respectively.

In April 2007, and among the Member States for which data are available, industrial production rose in seventeen Member States and fell in three. The highest increases were registered in Slovakia (+14.9%), Poland and Slovenia (both +10.1%) and Bulgaria (+9.9%), while decreases were recorded in Finland (-1.3%), the Netherlands (-1.0%) and Latvia (-0.5%).


Source: European Commission

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