Industrial production up 0.5% in euro area, 0.4% in EU in June 2023

In June 2023 compared with June 2022, industrial production decreased by 1.2 per cent in both the euro area and the EU, Eurostat, the statistical office of the EU, said in a press release.

In the euro area in June 2023, compared with May 2023, production of energy grew by 0.5 per cent, while production of durable consumer goods fell by 0.1 per cent, intermediate goods by 0.9 per cent, and non-durable consumer goods by 1.1 per cent.

In the EU, production of energy grew by 0.5 per cent, while production of durable consumer goods and non-durable consumer goods fell both by 0.4 per cent, and intermediate goods by 0.8 per cent.

Among member states for which data are available, the highest monthly increases were registered in Ireland at 13.1 per cent, Denmark at 6.3 per cent, and Lithuania at 3.2 per cent. The largest decreases were observed in Sweden at -5.3 per cent, Finland and Malta—both at -3.3 per cent, and Belgium at -3.0 per cent.

In the euro area in June 2023, compared with June 2022, production of energy fell by 7.8 per cent and durable consumer goods by 5.2 per cent, while production of non-durable consumer goods rose by 0.2 per cent.

In the EU, production of energy fell by 8.9 per cent, intermediate goods by 6.6 per cent, and durable consumer goods by 6.5 per cent, while production of non-durable consumer goods rose by 2.1 per cent.

Among member states for which data are available, the largest annual decreases were registered in Estonia at -12.7 per cent, Bulgaria at -9.3 per cent, and Belgium at -7.6 per cent. The highest increases were observed in Denmark at 12.3 per cent, Ireland at 8.3 per cent, and Slovakia at 3.6 per cent.

Fibre2Fashion News Desk (NB)