Industrial production down in euro area

14 Mar '07

2 min read

Seasonally adjusted industrial production fell by 0.2% in the euro area (EA13) in January 2007 compared with December 2006. Production rose by 1.2% in December3 and by 0.3% in November. In the EU27 output decreased by 0.3% in January 2007, after increases of 1.0% in December and 0.3% in November.

In January 2007 compared to January 2006, industrial production rose by 3.7% in the euro area and by 3.5% in the EU27. These estimates are released by Eurostat, the Statistical Office of the European Communities.

Monthly comparison:
In January 2007 compared to December 2006 production of capital goods increased by 0.8% in the euro area and by 0.5% in the EU27. Non-durable consumer goods remained stable in the euro area, but fell by 0.2% in the EU27.

Intermediate goods decreased by 0.4% and 0.3% respectively. Durable consumer goods declined by 1.5% in the euro area and by 1.3% in the EU27. Energy dropped by 2.6% and 1.6% respectively.

In January 2007, and among the Member States for which data are available, industrial production rose in seven Member States, fell in twelve, and remained stable in Greece and the United Kingdom.

The highest increases were registered in Ireland (+6.8%), Lithuania (+5.9%), Luxembourg (+3.7%) and Slovakia (+2.9%), while the largest decreases were recorded in the Netherlands (-4.3%), Finland (-3.5%), Romania (-3.2%) and Latvia
(-2.5%).

Annual comparison:
In January 2007 compared to January2006, production of capital goods increased by 7.5% in both the euro area and the EU27. Intermediate goods grew by 5.9% and 5.7% respectively.

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