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Industrial production down 11.3% in euro area

Christian Fernsby ▼ | May 13, 2020
In March 2020, the coronavirus containment measures widely introduced by Member States had a significant impact on industrial production, as the seasonally adjusted industrial production fell by 11.3% in the euro area and by 10.4% in the EU, compared with February 2020, according to estimates from Eurostat.
Europe factory
Down   Europe factory
In February 2020, industrial production fell by 0.1% in the euro area and remained stable in the EU. In March 2020 compared with March 2019, industrial production decreased by 12.9% in the euro area and by 11.8% in the EU.

Monthly comparison by main industrial grouping and by Member State

In the euro area in March 2020, compared with February 2020, production of durable consumer goods fell by 26.3%, capital goods by 15.9%, intermediate goods by 11.0%, energy by 4.0% and non-durable consumer goods by 1.6%. In the EU, production of

urable consumer goods fell by 23.8%, capital goods by 15.1%, intermediate goods by 9.9%, energy by 3.5% and non-durable consumer goods by 1.2%.

Among Member States for which data are available, the largest decreases in industrial production were registered in Italy (-28.4%), Slovakia (-20.3%) and France (-16.4%). The highest increases were observed in Ireland (+15.5%), Greece and Finland (both +1.9%) and Lithuania (+0.7%).

Annual comparison by main industrial grouping and by Member State

In the euro area in March 2020, compared with March 2019, production of durable consumer goods fell by 24.2%, capital goods by 21.5%, intermediate goods by 11.8%, energy by 6.7% and non-durable consumer goods by 0.8%. In the EU, production of durable consumer goods fell by 21.7%, capital goods by 20.0%, intermediate goods by 10.1%, energy by 6.4% and non-durable consumer goods by 0.3%.

Among Member States for which data are available, the largest decreases in industrial production were registered in Luxembourg (-32.7%), Italy (-29.3%) and Slovakia (-19.6%). The highest increases were observed in Ireland (+25.3%), Malta (+5.7%) and Finland (+2.8%).

The euro area (EA19) includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

The European Union (EU27) includes Belgium, Bulgaria, Czechia, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland and Sweden.


 

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