In­dus­trial pro­duc­tion up 0.9% in March

Financial Mirror (Cyprus) - - FRONT PAGE -

In­dus­trial pro­duc­tion in­creased in March by 0.9% com­pared to Fe­bru­ary and by 7.8% on an an­nual ba­sis. In April, com­pared with March, sea­son­ally ad­justed in­dus­trial pro­duc­tion rose by 1.1% in the euro area and by 1.3% in the EU28, ac­cord­ing to es­ti­mates from Euro­stat, the sta­tis­ti­cal of­fice of the Euro­pean Union.

In March, in­dus­trial pro­duc­tion fell by 0.7% in the euro area and by 0.5% in the EU28. In April com­pared with April 2015, in­dus­trial pro­duc­tion in­creased by 2.0% in the euro area and by 2.5% in the EU28.

The in­crease of 1.1% in in­dus­trial pro­duc­tion in the euro area in April, com­pared with March, is due to the 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%. In the EU28, the in­crease of 1.3% 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%).

The in­crease of 2.0% in in­dus­trial pro­duc­tion in the euro area in April 2016, com­pared with April 2015, is due to the 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%. In the EU28, the in­crease 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%.

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