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Euro Area Industrial Production Up by 0.2% in February

Business » INDUSTRY | April 14, 2014, Monday // 14:15| Views: 883 | Comments: 0
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Bulgaria: Euro Area Industrial Production Up by 0.2% in February Photo by BGNES.

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%).

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Tags: industrial production, Euro Area, eurostat, capital goods, intermediate goods
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