Eurostat: Industrial output in Croatia and EU down m-o-m

In May 2016 compared with April 2016, seasonally adjusted industrial production in Croatia was down and a decrease was recorded in the European Union, according to estimates from Eurostat, the statistical office of the European Union.

Seasonally adjusted industrial output in Croatia in May was down 1.4% from April when, according to Eurostat, dropped by 2.8%. In March, Croatia was one of the EU countries with the strongest industrial production growth on the months (3.9%)

Among Member States for which data are available, the largest decreases in industrial production were registered in the Netherlands (-7.8%), Portugal (-4.4%), Greece (-4.3%) and Romania (-4.0%), while increases were recorded in Lithuania (+3.9%), Latvia (+2.4%), Slovenia (+0.6%) and Malta (+0.3%).

In the EU28, the decrease of 1.1% is due to production of energy falling by 3.3%, capital goods by 2.0%, durable consumer goods by 0.7%, intermediate goods by 0.5% and non-durable consumer goods by 0.3%

Industrial production in May was down 1.2% in the euro area, according to seasonally adjusted data.

The decrease of 1.2% in industrial production in the euro area in May 2016, compared with April 2016, is due to production of energy falling by 4.3%, capital goods by 2.3%, durable consumer goods by 1.4%, intermediate goods by 0.4% and non-durable consumer goods by 0.1%.

On the year, industrial output in Croatia in May, according to working-days adjusted data, was up 1.7%, which is a much slower increase than the month before when it soared 5%.

Among Member States for which data are available, the highest increases in industrial production were registered in Slovakia (+6.0%), Ireland (+5.8%), Latvia (+5.1%) and Slovenia (+5.0%), and the largest decreases in Malta (-3.7%), Bulgaria (-3.3%) and Portugal (-2.4%).

Last update: Thu, 14/07/2016 - 10:09
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