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Eurozone industrial production falls below estimates in Jan

by ChemOrbis Editorial Team - content@chemorbis.com
  • 12/03/2015 (14:17)
According to data released by Eurostat, industrial production in the eurozone declined on a monthly basis in January. Industrial production the eurozone declined 0.1% on the month in January to post the first decline in five months. Economists’ initial estimates called for a 0.2% gain.

On a yearly basis, however, factory output in the eurozone rose 1.2% in January after a 0.6% increase in the previous month. The increase was attributed to energy production rising by 2.9%, non-durable consumer goods by 2.7%, durable goods by 2.5%, capital goods by 1.4% and intermediate goods by 0.7% compared with the same period of the last year.

The data also showed that among EU member states, the largest increases in industrial production on yearly basis were reported in Ireland (+8.8%), Malta (+8.1%) and Hungary (+7.8%) while the steepest decreases were seen in Croatia (-4.9%), Finland (-4.2%) and Latvia (-3.5%).
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