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Industrial production down by 0.1% in euro area and in EU25
added: 2006-12-15

Seasonally adjusted industrial production decreased by 0.1% in the euro area in October 2006 compared to September 2006. Production declined by 1.1% in September3 and rose by 1.6% in August. In the EU25 output fell by 0.1% in October 2006 after a decrease of 0.6% in September and an increase of 1.1% in August.

In October 2006 compared to October 2005, industrial production rose by 3.6% in the euro area and by 3.4% in the EU25.

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

Monthly comparison

In October 2006 compared to September 2006, production of intermediate goods grew by 0.5% in both the euro area and the EU25. Non-durable consumer goods increased by 0.3% in both zones. Durable consumer goods rose by 0.1% in the euro area and by 0.3% in the EU25. Capital goods fell by 0.8% in both zones. Production of energy decreased by 1.7% in the euro area and by 2.0% in the EU25.

In October 2006, and among the Member States for which data are available, industrial production rose in twelve Member States and fell in nine. The highest increases were registered in Denmark (+3.5%), Greece (+2.2%), Belgium and Estonia (both +1.6%), while the largest decreases were recorded in Finland (-2.6%), Lithuania
(-2.1%), the Netherlands (-1.8%) and Ireland (-1.4%).

Annual comparison

In October 2006 compared to October 2005, production of intermediate goods increased by 5.1% in the euro area and by 5.0% in the EU25. Durable consumer goods grew by 4.8% and 6.8% respectively. Capital goods gained 4.2% in the euro area and 4.9% in the EU25. Non-durable consumer goods rose by 2.2% and 2.1% respectively. Production of energy fell by 0.4% in the euro area and by 2.2% in the EU25.

In October 2006, and among the Member States for which data are available, industrial production rose in nineteen Member States and fell in two. The highest increases were registered in Poland (+12.3%), Slovakia (+11.1%), the Czech Republic (+8.7%) and Slovenia (+8.3%), while the only decreases were recorded in Finland (-0.8%) and the Netherlands (-0.5%).

1. For methodology, see News Release 38/2000 of 23 March 2000 and for the currently used weights, see News Release 68/2003 of 17 July 2003.
2. Euro area: Belgium, Germany, Greece, Spain, France, Ireland, Italy, Luxembourg, the Netherlands, Austria, Portugal and Finland. Data for the forthcoming enlargement of the euro area (12 Member States plus Slovenia) and the European Union (25 Member States plus Bulgaria and Romania) are already available on Eurostat's website.
3. Data of previous months have been revised compared to those issued in the News Release 148/2006 of 15 November 2006. The figures for September 2006 were -1.0% in the euro area and -0.6% in the EU25 for the monthly changes, and +3.3% in both zones for the yearly changes.
4. Total industry (excluding construction). According to the Council Regulation 1165/98 Eurostat publishes national seasonally adjusted data if available. For the other Member States (the Czech Republic, Greece, Spain, Cyprus, Latvia and Luxembourg) Eurostat performs the adjustment. This means that different methodologies are used to make the seasonal adjustment of the national series.

The seasonally adjusted euro area and EU series are calculated by aggregating the working day adjusted series from individual Member States and performing an adjustment for seasonal effects on these series. Therefore the seasonally adjusted figures for total industry (excluding construction) is based directly on the working day adjusted series coming from the Member States and not on an aggregation of the seasonally adjusted indices from the Member States. The euro area and EU seasonally adjusted growth rates might differ from the weighted growth rates of the individual Member States (see Methodology of the industrial production index).


Source: European Commission

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