Euro Area Industrial Output Rises More than Expected


Industrial production in the Euro Area increased 0.9 percent year-on-year in September of 2018, following an upwardly revised 1.1 percent increase in August. Figures beat market expectations of a 1.1 percent rise, due to gains in capital and non-durable goods.

Production increased for capital goods (2.5 percent compared to 1.7 percent) and non-durables (1.6 percent compared to 3.9 percent) but fell for intermediate goods (-0.3 percent compared to -0.2 percent), energy (-1.4 percent compared to -0.6 percent) and durable goods (-2.5 percent compared to -1.3 percent). 

In the EU 28, production rose at slower 1.1 percent (1.3 percent in August). Among Member States for which data is available, the highest increases were registered in Ireland (+9.4 percent), Poland (+5 percent) and Denmark (+4.3 percent). The largest decreases were observed in Malta (-5.3 percent), Croatia (-2.6 percent) and the Netherlands (-2.3 percent). Among major economies, production rose in Germany (0.3 percent) and Italy (1.3 percent) but fell in France (-1.2 percent). 

On a monthly basis, industrial production in the Euro Area shrank 0.3 percent month-over-month in September of 2018, following an upwardly revised 1.1 percent rise in August and compared to market expectations of a 0.4 percent drop. Output declined for intermediate goods (-0.3 percent compared to 0.5 percent in August); energy (-1.7 percent compared to 1.8 percent)durables (-0.7 percent compared to 1.6 percent) and nondurables (-1.3 percent compared to 2 percent). On the other hand, production edged up 0.3 percent for capital goods (1.7 percent in August).

In the EU 28, output shank 0.2 percent after a 0.8 percent rise in August. Among Member States for which data are available, the largest decreases in industrial production were registered in Latvia (-3.3 percent), Lithuania (-3.1 percent) and Portugal (-2.8 percent). The highest increases were observed in Denmark (+2.8 percent), Ireland (+2.2 percent) and the Netherlands (+1.2 percent). Among major economies, production fell in Germnay (-0.2 percent), France (-1.8 percent) and Italy (-0.2 percent). 

Euro Area Industrial Output Rises More than Expected


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
11/14/2018 10:36:18 AM