Euro Area Industrial Production Up by 0.2% in February
In February 2014, seasonally adjusted industrial production rose by 0.2% in the Euro area and by 0.4% in the EU, according to estimates from Eurostat.
In January industrial production remained stable in the Euro area and increased by 0.2% in the EU28. In February 2014 compared with February 2013, industrial production grew by 1.7% in the Euro area and by 2.1% in the EU, according to the statistical office of the European Union latest data.
Industrial production in Bulgaria recorded a 0.7% monthly increase in February, after a 1.8% monthly growth in January, confirming the positive trends from the beginning of 2014.
On an annual basis, Bulgarian industrial production increased by a total of 6.5% in February 2014, after rising by 2.5% in the first month of the year which significantly exceeds the average levels of industrial growth in the EU.
The increase of 0.2% in industrial production in the Euro area in February 2014, compared with January 2014, is due to production of intermediate goods rising by 0.6% and non-durable consumer goods by 0.5%, while capital goods remained stable and durable consumer goods fell by 1.2% and energy by 1.7%.
In the EU, the increase of 0.4% is due to production of non-durable consumer goods rising by 0.9%, intermediate goods by 0.5% and capital goods by 0.2%, while durable consumer goods fell by 0.7% and energy by 1.4%.
The highest increases in industrial production were registered in Malta (+5.4%), Ireland (+5.0%) and Lithuania (+2.5%), and the largest decreases in Croatia (-2.8%), Estonia (-2.2%) and Romania (-1.3%).
The increase of 1.7% in industrial production in the Euro area in February 2014, compared with February 2013, is due to production of intermediate goods rising by 4.2%, capital goods by 4.0% and non-durable consumer goods by 2.8%, while production of durable consumer goods fell by 0.6% and energy by 8.5%. In the EU28, the increase of 2.1% is due to production of intermediate goods rising by 4.6%, capital goods by 4.5%, non-durable consumer goods by 2.7% and durable consumer goods by 1.5%, while production of energy fell by 7.2%.
The highest increases in industrial production were registered in Slovakia (+9.0%), Romania (+8.9%) and Hungary (+8.2%), and the largest decreases in the Netherlands (-8.9%), Finland (-5.4%) and Lithuania (-2.1%).
- » Industrial Production Declines by 1.6% Month-on-Month in July
- » Bulgaria’s Mining Output Rises 12% in 2015
- » Aviostart Gets Nod to Offer to Supply Engines for Bulgarian MiG-29s
- » U.S. Delegation Visits Bulgarian Arms Maker VMZ Sopot to Discuss Expansion of Ties
- » Bulgaria Says China Proposing to Invest USD 100 M in Car Wheel Plant in Ruse
- » China’s JAC Motors Looks into Opportunities to Start Making Electric Cars in Bulgaria