The output by industry in Europe increased in the period from July to August this year. In the Eurozone (EZ15) output increased by 1.1% and by 0.5% in the EU27. This increase is an improvement as compared to July when output had been down by 0.2% and 0.1% respectively.
Monthly changes
From July to August this year production of intermediate products increased by 1.6% in the Eurozone and by 1.0% in the EU27. With regard to investment goods the changes were +1.6% and +0.9% respectively. In the energy sector production increased by 1.3% and 0.7% respectively. For consumer durables the respective figures were +1.2% and +1.0% and for consumer goods +0.0% and -0.1%.
In nine EU member states industrial output increased, in eleven it fell in August this year. In Greece industrial output remained unchanged. The most important increases were registered in Ireland (+6.2%), Germany (+3.3%) and Estonia (+1.6%) while the biggest reductions were to be found in Lithuania (-4.5%), Bulgaria (-4.2%) and Slovakia (-3.9%).
Annual changes
As compared to August 2007 production of industrial goods increased by 0.8% in the Eurozone and by 0.2% in the EU27. In the energy sector output increased in the Eurozone by 0.8%, but fell by 0.4% in EU27. With regard to intermediate inputs the respective figures were -0.2% and -0.7%. Production of consumer goods fell by 2.9% in both regions. With regard to consumer durables the changes were -6.2% and -5.3%.
The most important increases occured in Ireland (+4.2%), Germany (+1.8%) and the Czech Republic (+1.7%) while output fell most in Latvia (-11.1%), Spain (-7.0%) and Italy (-5.3%).
The above figures for industrial output in August are based on estimates by the European Statistical Office (Eurostat). 