Croatia among three EU countries with highest increase in industrial production

Croatia was among the three European Union member states with the largest monthly and annual increases in industrial production in January, according to a report by the EU statistical office Eurostat on Monday.

Seasonally-adjusted industrial production in Croatia increased by 3.2% in January 2016 compared with December 2015, its largest increase since September 2015. By comparison, industrial output in December 2015 decreased by 1.8%.

The highest increases in industrial production in the EU in January 2016, compared with December 2015, were recorded in Ireland (+12.7%), Estonia (+4.9%) and Croatia (+3.2%), while the largest decreases were recorded in Malta (-5.0%), Romania (-2.3%) and Finland (-2.1%).

Seasonally-adjusted industrial production in the 28-member EU (EU28) in January 2016, compared with December 2015, increased by 1.7%, while in the 19-member euro area (EA19) it rose by 2.1%.

The increase of 1.7% in the EU28 was due to production of capital goods rising by 3.3%, energy by 2.0%, non-durable consumer goods by 1.5%, and intermediate goods and durable consumer goods both by 1.0%.

The increase of 2.1% in the EA19 was due to production of capital goods rising by 3.9%, energy and non-durable consumer goods both by 2.4%, durable consumer goods by 1.3% and intermediate goods by 0.9%.

Compared with January 2015, EU28 industrial production rose by 2.5%, while EA19 industrial production increased by 2.8%. The highest increases in industrial production were registered in Ireland (+42.7%), Lithuania (+10.5%) and Croatia (+9.3%), and the largest decreases in Malta (-8.9%), the Netherlands (-3.9%) and Finland (-1.9%).

The increase of 2.5% in the EU28 in January 2016, compared with January 2015, was due to production of non-durable consumer goods rising by 5.3%, capital goods by 4.7%, durable consumer goods by 3.0% and intermediate goods by 1.4%, while production of energy fell by 2.7%.

The increase of 2.8% in industrial production in the EA19 was due to production of non-durable consumer goods rising by 7.3%, capital goods by 4.6%, durable consumer goods by 3.2% and intermediate goods by 1.9%, while production of energy fell by 3.7%, Eurostat said.

Last update: Fri, 24/06/2016 - 08:49
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