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EU's industrial production down in August

EU's industrial production down in August
Eurostat says highest annual rise in industrial production recorded in Hungary, largest decline in Estonia

By Gokhan Ergpcun

ISTANBUL (AA) - Industrial production in the EU fell 2% in August on an annual basis, the bloc's statistical office announced on Monday.

Eurostat said the calendar-adjusted industrial production index fell to 91.2 in August 2019, versus 88.1 in the same month last year.

"In the EU28, production of non-durable consumer goods fell 0.4%, intermediate goods 2.3%, capital goods 2.6% and energy 3.0%," it noted.

Meanwhile production of durable consumer goods rose 0.8% year-on-year in August, the office noted.

Among member states, Slovakia recorded the highest fall with 8.1% over the same period, followed by Ireland (6.2%) and Romania (6.1%), Eurostat said.

Official figures also indicated that the highest rises were seen in Malta (7.4%), Denmark (6.6%) and Finland (4.5%).

The index also dropped in the eurozone 2.8% in August on a yearly basis.

Almost all sub indices posted declined in the month, while the only production of durable consumer goods rose 0.4% in EA19.

The eurozone/euro area or EA19 represents member states that use the single currency -- euro -- while the EU28 includes all member countries of the bloc.

source: News Feed
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