Croatia's industrial output among highest in EU in October

Ireland, Croatia, the Czech Republic and Lithuania registered the biggest increases in October's industrial production year-on-year among the 28 European Union member states, the EU's statistical office, Eurostat, stated on Monday.

"Among Member States for which data are available, the highest increases in industrial production were registered in Ireland (+14.6%), Lithuania (+6.5%), the Czech Republic and Croatia (both +6.4%), and the largest decreases in the Netherlands (-2.6%), Estonia (-2.1%) and Greece (-1.9%)," the office said.

When it comes to the annual comparison by main industrial grouping and by Member State, the increase of 1.9% in industrial production in the euro area in October 2015, compared with October 2014, is due to production of durable consumer goods rising by 4.2%, capital goods by 3.5%, intermediate goods by 1.5%, non-durable consumer goods by 0.7% and energy by 0.2%. In the EU28, the increase of 2.4% is due to production of capital goods rising by 4.0%, durable consumer goods by 3.3%, intermediate goods by 1.6%, energy by 1.2% and non-durable consumer goods by 1.0%, according to Eurostat.

The statement reads that when it comes to monthly comparison by main industrial grouping and by Member State, "the increase of 0.6% in industrial production in the euro area in October 2015, compared with September 2015, is due to production of durable consumer goods rising by 1.8%, capital goods by 1.4%, energy by 0.6% and non-durable consumer goods by 0.4%, while production of intermediate goods fell by 0.1%."

"In the EU28, the increase of 0.5% is due to production of durable consumer goods rising by 1.2%, capital goods by 1.0%, energy by 0.8%, non-durable consumer goods by 0.2% and intermediate goods by 0.1%."

In Croatia, industrial output in October rose by 0.9% from September, which was a considerably lower rate than the 5.6% rate in September.

Last update: Mon, 14/12/2015 - 14:40
Author: 

More from Business

Freight train from China crosses 12,000 kilometres to London

The first Britain-bound freight train from China arrived in London on Wednesday, completing an 18-day trip across...

US prosecutors finalize 7.2-bln-dollar settlement with Deutsche Bank

The US Justice Department announced a 7.2-billion-dollar settlement Tuesday with Deutsche Bank over allegations that...

General Motors announces 1-billion-dollar investment in US workforce

General Motors will join other carmakers in opting to invest and hire inside the United States, the company...

Tobacco giant BAT agrees to 49-billion-dollar takeover of US rival

British American Tobacco Plc on Tuesday said it has finalized a deal to acquire 57.8 per cent of shares of US rival...

IMF raises China growth forecast, but warns of sharper slowdown

China's economy will expand by 6.5 per cent this year, the International Monetary Fund said on Monday, as it warned...