EU’s monthly industrial production up in August

EU’s monthly industrial production up in August

Highest monthly increase recorded in Ireland, while Luxembourg sees steepest decline, official figures show

By Emir Yildirim

ISTANBUL (AA) – The EU’s industrial production rose by 1.3% month-on-month in August, according to data from the regional statistical bureau Eurostat on Tuesday.

The highest monthly industrial production increases were recorded in Ireland, up 4.5%, followed by Germany and Lithuania with 3.3%, and Malta with 2.7%.

Meanwhile, Luxembourg saw the largest monthly decline in industrial production, with minus 9.2%, followed by Croatia with minus 4.6%, and Denmark with 4.5%.

Over the same period, industrial production for intermediate goods fell 0.2%, and non-durable consumer goods dropped 0.4%, while energy increased 0.2%, capital goods rose 3.6%, and durable consumer goods grew 1.4%.

In the eurozone, industrial production increased by 1.8% on a monthly basis in August, with the highest increase in capital goods, up 3.7%, while industrial production for intermediate goods fell 0.3%.

On an annual basis, industrial production in the EU and the eurozone climbed 0.2% and 0.1%, respectively, in August.

“The highest annual increases were recorded in Ireland (+15.8%), Denmark (+10.7%), and Slovenia (+7.2%). The largest decreases were observed in Luxembourg (-11.7%), Estonia (-6.0%), and Hungary (-4.2%),” said Eurostat.

In the EU, industrial production for intermediate goods and durable consumer goods fell 2.4% and 3.9%, respectively, while industrial production for energy increased 2.2%, capital goods rose 0.2%, and non-durable consumer goods grew 3.1%.

As for the eurozone, annual industrial production for durable consumer goods saw the largest decline at 4.8%, while the highest increase was in energy, up 2.6%.

The eurozone, or EA19, represents member states that use the bloc’s single currency, the euro, while the EU27 includes all member countries.

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