• August EuroZone Industrial Production higher than expected

Market news

12 October 2016

August EuroZone Industrial Production higher than expected

In August 2016 compared with July 2016, seasonally adjusted industrial production rose by 1.6% in the euro area (EA19) and by 1.4% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In July 2016 industrial production fell by 0.7% in both zones. In August 2016 compared with August 2015, industrial production increased by 1.8% in both zones.

The increase of 1.6% in industrial production in the euro area in August 2016, compared with July 2016, is due to production of durable consumer goods rising by 4.3%, capital goods by 3.5%, energy by 3.3% and intermediate goods by 1.4%, while production of non-durable consumer goods fell by 0.6%.

In the EU28, the increase of 1.4% is due to production of capital goods rising by 3.8%, durable consumer goods by 2.7%, energy by 1.9% and intermediate goods by 0.9%, while production of non-durable consumer goods fell by 0.5%. Among Member States for which data are available, the highest increases in industrial production were registered in the Czech Republic (+12.1%), the Netherlands (+4.4%) and Germany (+3.1%), and the largest decreases in Ireland (-13.4%), Finland (-3.5%) and Sweden (-2.9%).

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.