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Europe Economy: 
EU Industrial Production Rises 0.9% in January
Author: 123jump.com Staff
123jump.com
Last Update: 10:09 AM EDT March 12 2008



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In January 2008 compared with December 2007, seasonally adjusted industrial production grew by 0.9% in both the euro area EA15 and the EU27. In December 2007 production remained stable in both zones. In January 2008 compared with January 2007, industrial production rose by 3.8% in the euro area and by 3.5% in the EU27.

 
These estimates are released by Eurostat, the Statistical Office of the European Communities.


In January 2008 compared with December 2007, seasonally adjusted industrial production grew by 0.9% in both the euro area EA15 and the EU27. In December 2007 production remained stable in both zones. In January 2008 compared with January 2007, industrial production rose by 3.8% in the euro area and by 3.5% in the EU27.


Monthly comparison

In January 2008 compared with December 2007, production of capital goods increased by 2.7% in the euro area and by 2.5% in the EU27. Durable consumer goods grew by 1.9% and 1.5% respectively. Intermediate goods rose by 0.8% in both zones. Non-durable consumer goods gained 0.6% in the euro area and 0.8% in the EU27. Production of energy fell by 2.9% and 2.1% respectively.

In January 2008, among the Member States for which data are available, industrial production rose in ten, remained stable in the United Kingdom and fell in three. The highest increases were registered in Lithuania (+5.9%), Poland (+5.7%) and Slovakia (+4.6%), while the largest decrease was recorded in Portugal (-1.7%).

Annual comparison

In January 2008 compared with January 2007, production of capital goods increased by 7.5% in the euro area and by 7.1% in the EU27. Production of energy grew by 5.0% and 3.8% respectively. Intermediate goods rose by 2.1% in both zones. Non-durable consumer goods gained 1.7% in the euro area and 1.1% in the EU27. Durable consumer goods increased by 0.1% and 1.9% respectively.

In January 2008, among the Member States for which data are available, industrial production rose in twelve and fell in Portugal (-1.7%) and Latvia (-0.4%). The highest increases were registered in Poland (+10.7%), Lithuania (+8.5%) and Slovakia (+8.4%).


Available at:


http://epp.eurostat.ec.europa.eu/pls/portal/docs/PAGE/PGP_PRD_CAT_PREREL/PGE_CAT_PREREL_YEAR_2008/PGE_CAT_PREREL_YEAR_2008_MONTH_03/4-12032008-EN-AP.PDF
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