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Monthly industrial production down by 0.3% in Euro area and 0.1% EU28 in June 2014



LUXEMBOURG , Aug. 13, 2014 (Press Release) - 

In June 2014 compared with May 2014, seasonally adjusted industrial production1 fell by 0.3% in the euro area2 (EA18) and by 0.1% in the EU282, according to estimates from Eurostat, the statistical office of the European Union. In May 20143 industrial production decreased by 1.1% in both zones. In June 2014 compared with June 20134, industrial production remained stable in the euro area and rose by 0.7% in the EU28. Monthly comparison by main industrial grouping and by Member State The decrease of 0.3% in industrial production in the euro area in June 2014, compared with May 2014, is due to production of non-durable consumer goods falling by 1.9% and energy by 0.7%. Capital goods remained stable, while intermediate goods rose by 0.4% and durable consumer goods by 2.3%. In the EU28, the decrease of 0.1% is due to non-durable consumer goods falling by 1.4% and energy by 0.6%, while capital goods increased by 0.2%, intermediate goods by 0.4% and durable consumer goods by 1.8%. The largest decreases in industrial production were registered in Ireland (-16.5%), the Netherlands (-3.0%) and Lithuania (-2.7%), and the highest increases in Malta (+5.2%), Denmark (+2.4%) and Hungary (+1.8%). Annual comparison by main industrial grouping and by Member State The stable industrial production in the euro area in June 2014, compared with June 2013, is due to production of non-durable consumer goods rising by 1.7% and intermediate goods by 0.2%, while capital goods fell by 0.1%, durable consumer goods by 1.8% and energy by 3.4%. In the EU28, the increase of 0.7% is due to production of non-durable consumer goods rising by 1.5%, intermediate goods by 1.1% and capital goods by 0.8%, while durable consumer goods fell by 0.4% and energy by 2.9%. The highest increases in industrial production were registered in Hungary (+11.3%), Romania (+9.9%) and Slovakia (+7.5%), and the largest decreases in Greece (-6.9%), Malta (-3.8%) and Latvia (-2.0%). 1. The index of industrial production measures the evolution of the volume of production for industry excluding construction, based on data adjusted for working day and seasonal effects. Seasonally adjusted euro area and EU series are calculated by aggregating the seasonally adjusted national data. Eurostat carries out the seasonal adjustment of the data for those countries that do not adjust their data for seasonal effects. Missing observations from Member States for recent months are estimated for the calculation of the euro area and the EU. The weights of the Member States in the EU and euro area aggregates can be found at: https://circabc.europa.eu/w/browse/5e6d1e48-056c-4c6a-8278-3ab138bcf575 See file: EU-28_EA-18_NEWS_RELEASE_WEIGHTINGS_2010 More detailed data can be found in the short-term statistics database on the Eurostat website: http://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/database 2. The euro area (EA18) includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland. The European Union (EU28) includes Belgium, Bulgaria, the Czech Republic, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden and the United Kingdom. The tables also include Norway. 3. Data of previous months have been revised compared to those issued in the News Release 109/2014 of 14 July 2014. The monthly growth rates for May 2014 remain unchanged at -1.1% in both zones. The annual growth rates have been revised from +0.5% to +0.6% for the EA18 and from +1.1% to +1.2% for the EU28. 4. Based on data adjusted for working days.

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