Euro area's industrial production up by 1.5% MoM, 2.5% YoY in Aug 2022

In July 2022, industrial production decreased by 2.3 per cent in the euro area and by 1.5 per cent in the EU.

In the euro area in August 2022, compared with July 2022, production of durable consumer goods rose by 0.9 per cent and non-durable consumer goods by 0.7 per cent, while production of intermediate goods fell by 0.5 per cent and energy by 2.1 per cent.

In the EU, production of non-durable consumer goods rose by 0.9 per cent and durable consumer goods by 0.3 per cent, while production of intermediate goods fell by 0.4 per cent and energy by 2.0 per cent.

Among member states for which data are available, the highest monthly increases were registered in Ireland (+16.6 per cent), Estonia (+5.0 per cent), and Denmark (+4.3 per cent). The largest decreases were observed in Sweden (-7.0 per cent), Belgium (-6.1 per cent), and the Netherlands (-1.5 per cent).

In the euro area in August 2022, compared with August 2021, production of durable consumer goods rose by 7.0 per cent, and non-durable consumer goods by 0.4 per cent, while production of intermediate goods fell by 0.5 per cent and energy by 2.9 per cent, said Eurostat.

In the EU, production of durable consumer goods rose by 4.2 per cent, non-durable consumer goods by 3.2 per cent, and intermediate goods by 0.1 per cent, while production of energy fell by 0.5 per cent.

Among member states for which data are available, the largest annual increases were registered in Bulgaria (+16.5 per cent), Lithuania (+14.4 per cent), and Denmark (+14.1 per cent). The largest decreases were observed in Belgium (-10.3 per cent), Luxembourg (-2.5 per cent), and Slovakia (-2.0 per cent).

ALCHEMPro News Desk (NB)