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Industrial Production up by 0.9% in Euro Area
added: 2007-07-12

Seasonally adjusted industrial production increased by 0.9% in the euro area (EA13) in May 2007 compared with April 2007. Production fell by 0.7% in April and grew by 0.6% in March. In the EU27 output rose by 0.7% in May, after a decrease of 0.4% in April and an increase of 0.5% in March. In May 2007 compared with May 2006, industrial production rose by 2.5% in the euro area and by 2.7% in the EU27.



Monthly comparison

In May 2007 compared with April 2007 production of energy increased by 1.8% in the euro area and by 1.9% in the EU27. Durable consumer goods grew by 1.7% and 1.0% respectively. Capital goods gained 1.1% in the euro area and 1.0% in the EU27. Intermediate goods rose by 1.0% and 0.8% respectively. Non-durable consumer goods increased by 0.4% in both zones.

In May 2007, and among the Member States for which data are available, industrial production rose in sixteen Member States and fell in four. The highest increases were registered in Romania (+7.5%), Slovakia (+4.1%), Portugal (+3.8%) and Lithuania (+3.0%), while decreases were recorded in Slovenia (-1.8%), Denmark
(-1.7%), Belgium (-0.3%) and Bulgaria (-0.2%).

Annual comparison

In May 2007 compared with May 2006, production of capital goods increased by 4.1% in the euro area and by 5.1% in the EU27. Intermediate goods grew by 3.0% and 3.2% respectively. Non-durable consumer goods gained 1.4% in the euro area and 1.3% in the EU27. Energy rose by 0.7% in the euro area, but fell by 0.3% in the EU27. Durable consumer goods rose by 0.2% and 1.0% respectively.

In May 2007, and among the Member States for which data are available, industrial production rose in sixteen Member States, fell in three and remained stable in Lithuania. The highest increases were registered in Slovakia (+17.4%), Poland (+8.1%) and Bulgaria (+6.9%), while decreases were recorded in Denmark (-4.9%), Finland (-2.0%) and France (-0.2%).


Source: European Commission

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