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- August EuroZone Industrial Production higher than expected
August EuroZone Industrial Production higher than expected
In August 2016 compared with July 2016, seasonally adjusted industrial production rose by 1.6% in the euro area (EA19) and by 1.4% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In July 2016 industrial production fell by 0.7% in both zones. In August 2016 compared with August 2015, industrial production increased by 1.8% in both zones.
The increase of 1.6% in industrial production in the euro area in August 2016, compared with July 2016, is due to production of durable consumer goods rising by 4.3%, capital goods by 3.5%, energy by 3.3% and intermediate goods by 1.4%, while production of non-durable consumer goods fell by 0.6%.
In the EU28, the increase of 1.4% is due to production of capital goods rising by 3.8%, durable consumer goods by 2.7%, energy by 1.9% and intermediate goods by 0.9%, while production of non-durable consumer goods fell by 0.5%. Among Member States for which data are available, the highest increases in industrial production were registered in the Czech Republic (+12.1%), the Netherlands (+4.4%) and Germany (+3.1%), and the largest decreases in Ireland (-13.4%), Finland (-3.5%) and Sweden (-2.9%).
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