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Industrial production down 17.1% in euro area and 17.3% in EU

Christian Fernsby ▼ | June 13, 2020
In April 2020, the coronavirus containment measures widely introduced by Member States continued to have a significant impact on industrial production.
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The seasonally adjusted industrial production fell by 17.1% in the euro area and by 17.3% in the EU, compared with March 2020, according to estimates from Eurostat. These are the largest monthly falls recorded since the start of the series, significantly higher than the 3% to 4% drops seen in late 2008 and early 2009 during the financial crisis.

In April 2020 compared with April 2019, industrial production decreased by 28.0% in the euro area and by 27.2% in the EU. These are the largest annual falls recorded since the start of the series, exceeding the -21.3% in the euro area and -20.7% in the EU observed in April 2009. Overall, industrial production in the euro area and EU has fallen to levels last seen in the mid-1990s.

Monthly comparison by main industrial grouping and by Member State

In the euro area in April 2020, compared with March 2020, production of durable consumer goods fell by 28.9%, capital goods by 26.6%, intermediate goods by 15.6%, non-durable consumer goods by 11.9% and energy by 4.8%.

In the EU, production of durable consumer goods fell by 27.8%, capital goods by 27.3%, intermediate goods by 14.9%, non-durable consumer goods by 10.7% and energy by 5.0%. Industrial production decreased in all Member States for which data are available, with the largest decreases in Hungary (-30.5%), Romania (-27.7%) and Slovakia (-26.7%).

Annual comparison by main industrial grouping and by Member State

In the euro area in April 2020, compared with April 2019, production of durable consumer goods fell by 47.7%, capital goods by 40.9%, intermediate goods by 25.5%, non-durable consumer goods by 14.0% and energy by 12.8%.

In the EU, production of durable consumer goods fell by 45.4%, capital goods by 40.8%, intermediate goods by 23.6%, non-durable consumer goods by 12.5% and energy by 12.4%.

Among Member States for which data are available, the largest decreases in industrial production were registered in Luxembourg (-43.9%), Italy (-42.5%) and Slovakia (-42.0%). The only increase was observed in Ireland (+5.5%).

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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