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EU industrial production up by 3.2% y-o-y in June 2022

17 Aug '22
2 min read
Pic: Shutterstock
Pic: Shutterstock

In June 2022 compared with June 2021, industrial production increased by 2.4 per cent in the euro area and by 3.2 per cent in the EU, according to estimates from Eurostat, the statistical office of the European Union. In June 2022, seasonally adjusted industrial production rose by 0.7 per cent in euro area and by 0.6 per cent in EU, compared with May 2022.

In the euro area in June 2022, compared with June 2021, production of capital goods rose by 7.6 per cent, durable consumer goods by 4.0 per cent and energy remained stable at 0.0 per cent, while production of intermediate goods fell by 0.5 per cent and non-durable consumer goods by 1.1 per cent, Eurostat data showed. The euro area (EA19) includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

In the EU in June 2022, compared with June 2021, production of capital goods rose by 7.5 per cent, non-durable consumer goods by 2.6 per cent, durable consumer goods as well as energy by 2.4 per cent, and production of intermediate goods remained stable at 0.0 per cent.

Among Member States for which data are available, the highest annual increases were registered in Ireland (+25.4 per cent), Denmark (+25.0 per cent) and Bulgaria (+17.4 per cent). The largest decreases were observed in Belgium (-11.6 per cent), Slovakia (-5.7 per cent) and Romania (-3.7 per cent).

The European Union (EU27) includes Belgium, Bulgaria, Czechia, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland and Sweden.

Fibre2Fashion News Desk (RKS)

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