Output in European industry increased in August

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). GERMAN