Industrial production falls 2.3% in euro area, 1.6% in EU in July 2022

In July 2022 compared with July 2021, industrial production decreased by 2.4 per cent in the euro area and by 0.8 per cent in the EU.

In the euro area in July 2022, compared with June 2022, production of durable consumer goods fell by 1.6 per cent and intermediate goods fell by 0.8 per cent, while production of energy rose by 0.4 per cent. In the EU, production of durable consumer goods fell by 1.6 per cent and intermediate goods by 0.8 per cent, while production of energy rose by 0.7 per cent.

Among Member States for which data is available, the largest monthly decreases were registered in Ireland (18.9 per cent), Estonia (7.4 per cent) and Austria (3.2 per cent), while the highest increases were observed in Lithuania (6.5 per cent), Sweden (5.8 per cent) and Malta (4.2 per cent), according to Eurostat.

In the euro area in July 2022, compared with July 2021, production of intermediate goods fell by 1.8 per cent, while production of energy rose by 1.1 per cent and durable consumer goods rose by 1.4 per cent. In the EU, production of intermediate goods fell by 1.4 per cent, while production of durable consumer goods rose by 0.9 per cent and energy rose by 3.1 per cent.

Among Member States for which data is available, the largest annual decreases were registered in Ireland (23.7 per cent), Estonia and Slovakia (both 6.4 per cent) and Belgium (5.1 per cent). The highest increases were observed in Bulgaria (17.6 per cent), Denmark (12 per cent) and Poland (10.3 per cent).

ALCHEMPro News Desk (KD)