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- Eurozone industrial production rose sharply in January
Eurozone industrial production rose sharply in January
According to the report from Eurostat, in January 2020 compared with December 2019, seasonally adjusted industrial production rose by 2.3% in the euro area (EA19) and by 2.0% in the EU27. Economists had expected a 1.4% increase in the euro area. In December 2019, industrial production fell by 1.8% in the euro area and by 1.6% in the EU27.
In January 2020 compared with January 2019, industrial production decreased by 1.9% in the euro area and by 1.5% in the EU27. Economists had expected a 3.1% decrease in the euro area.
In the euro area in January 2020, compared with December 2019, production of intermediate goods rose by 3.2%, capital goods by 2.6%, non-durable consumer goods by 0.8% and durable consumer goods by 0.7%, while production of energy fell by 0.1%. In the EU27, production of intermediate goods rose by 3.2%, capital goods by 2.1%, durable consumer goods by 1.1%, non-durable consumer goods by 0.7% and energy by 0.1%.
In the euro area in January 2020, compared with January 2019, production of energy fell by 6.7%, intermediate goods by 2.3% and capital goods by 1.9%, while production of non-durable consumer goods rose by 1.3% and durable consumer goods by 2.6%. In the EU27, production of energy fell by 5.8%, capital goods by 2.0% and intermediate goods by 1.5%, while production of non-durable consumer goods rose by 1.5% and durable consumer goods by 2.6%.
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