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Monthly industrial production in EU and Croatia down in July

Author: Vojo Micak

ZAGREB, Sept 14 (Hina) - The European Union's industrial production again recorded a monthly decrease in July, although the fall was half that recorded in the previous month, while Croatia saw a considerable drop in industrial output, according to figures released by the EU's statistical office, Eurostat. 

In July 2017 compared with June 2017, seasonally adjusted industrial production decreased by 0.3% in the EU28. In June, it fell by 0.6% month on month.

The decrease of 0.3% is due to production of energy falling by 1.1% and non-durable consumer goods by 0.6%, while production of durable consumer goods rose by 0.2% and that of both intermediate goods and capital goods by 0.4%.

In the 19-member euro area, industrial production rose by 0.1% in July 2017 compared with June 2017, when it fell by 0.6%. The increase of 0.1% is due to
production of capital goods rising by 0.8%, durable consumer goods by 0.7% and intermediate goods by 0.5%, while production of non-durable consumer goods fell by 0.4% and energy by 1.2%.

The highest increases in industrial production were registered in Portugal (+1.9%), Ireland (+1.8%) and France (+0.6%), and the largest decreases in the Czech Republic (-9.8%), Hungary (-4.1%), Malta and Slovakia (both -3.3%).

In Croatia, industrial production fell by 1.2% in July 2017 compared with June 2017, when according to revised data it rose by 0.8%.

In July 2017 compared with July 2016, industrial production increased by 3.1% in the EU28 and by 3.2% in the euro area.

In the EU28, the increase of 3.1% is due to production of durable consumer goods rising by 5.0%, intermediate goods by 4.8%, capital goods by 4.6% and energy by 0.1%, while production of non-durable consumer goods fell by 0.4%.

In the euro area, the increase of 3.2% is due to production of durable consumer goods rising by 5.7%, intermediate goods by 4.8%, capital goods by 4.3% and
energy by 1.2%, while production of non-durable consumer goods fell by 0.5%.

The highest increases in industrial production were registered in Slovakia (+9.2%), Latvia (+8.9%) and Romania (+7.6%). Decreases were observed in Ireland (-9.2%), Denmark (-3.1%) and Malta (-1.7%).

In Croatia, industrial production rose by 2.5% in July 2017 year on year, after a revised rise of 4.3% in the previous month.

(Hina) vm

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