Eurozone industrial production picks up in April
(LUXEMBOURG) - Seasonally adjusted industrial production in the eurozone rebounded by 1.1 per cent in April - and 1.3% in the whole of the EU - compared with the previous month, according to Eurostat estimates out Tuesday.
Compared with a year earlier, industrial production fell by 0.7% in the eurozone and by 0.5% in the EU28.
The 1.1% eurozone increase, compared with March, is due to production of durable consumer goods rising by 2.3%, capital goods by 1.9%, non-durable consumer goods by 1.6%, intermediate goods by 0.4% and energy by 0.3%.
The 1.3% increase for the whole EU, compared with March, is due to production of non-durable consumer goods rising by 2.3%, durable consumer goods by 1.9%, capital goods by 1.7%, energy by 0.5% and intermediate goods by 0.4%. Among Member States for which data are available, the highest increases in industrial production were registered in Ireland (+6.7%), Portugal (+6.4%), Estonia (+5.9%) and Hungary (+5.4%), and the largest decreases in Croatia (-2.8%), Lithuania (-2.7%) and Latvia (-2.0%).
Annually, the increase of 2.0% in industrial production in the eurozone, is due to production of capital goods rising by 3.8%, both intermediate goods and durable consumer goods by 1.5%, energy by 1.3% and non-durable consumer goods by 1.0%.
For the EU28, the increase for the year of 2.5% is due to production of capital goods rising by 3.5%, non-durable consumer goods by 2.4%, durable consumer goods by 2.2%, intermediate goods by 1.3% and energy by 1.0%.
Highest increases in industrial production were registered in Slovakia (+7.2%), Poland (+5.9%), Slovenia (+5.3%), Hungary (+5.2%) and Croatia (+5.0%), while decreases were observed in Malta (-3.6%), Luxembourg (-2.5%), Lithuania (-1.3%) and Latvia (-0.5%)