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April 2007 compared to March 2007
Industrial production down by 0.8% in euro area
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| Theallineed.com |
Seasonally adjusted industrial production1 decreased by 0.8% in the euro area2 (EA13) in April 2007 compared with March 2007. Production rose by 0.5% in both March3 and February. In the EU272 output fell by 0.4% in April, after increases of 0.5% in March3 and 0.4% in February.
In April 2007 compared with April 2006, industrial production rose by 2.8% in the euro area and by 3.2% in the EU27.
These estimates are released by Eurostat, the Statistical Office of the European Communities.
[ Figures and graphics available in PDF and WORD PROCESSED ]
Monthly comparison
In April 2007 compared with March 2007, production of energy increased by 0.5% in the euro area and by 0.4% in the EU27. Non-durable consumer goods decreased by 0.8% and 0.6% respectively. Capital goods declined by 0.9% in the euro area and by 0.1% in the EU27. Intermediate goods fell by 1.4% and 0.9% respectively. Durable consumer goods decreased by 1.6% in the euro area and by 1.5% in the EU27.
In April 2007, and among the Member States for which data are available, industrial production rose in six Member States and fell in fourteen. The highest increases were registered in Lithuania (+3.5%) and Bulgaria (+1.6%), while the largest decreases were recorded in Romania (-4.9%), Portugal (-4.6%), Ireland (-3.3%) and Greece (-3.1%).
Annual comparison
In April 2007 compared with April 2006, production of capital goods increased by 5.7% in the euro area and by 6.9% in the EU27. Intermediate goods grew by 3.8% and 4.2% respectively. Non-durable consumer goods gained 2.4% in both zones. Durable consumer goods rose by 1.7% in the euro area and by 2.4% in the EU27. Production of energy fell by 3.9% and 4.0% respectively.
In April 2007, and among the Member States for which data are available, industrial production rose in seventeen Member States and fell in three. The highest increases were registered in Slovakia (+14.9%), Poland and Slovenia (both +10.1%) and Bulgaria (+9.9%), while decreases were recorded in Finland (-1.3%), the Netherlands (-1.0%) and Latvia (-0.5%).
For methodology, see News Release 38/2000 of 23 March 2000.
From 1 January 2007 the euro area (EA13) consists of Belgium, Germany, Ireland, Greece, Spain, France, Italy, Luxembourg, the Netherlands, Austria, Portugal, Slovenia and Finland.
The EU27 includes Belgium (BE), Bulgaria (BG), the Czech Republic (CZ), Denmark (DK), Germany (DE), Estonia (EE), Ireland (IE), Greece (EL), Spain (ES), France (FR), Italy (IT), Cyprus (CY), Latvia (LV), Lithuania (LT), Luxembourg (LU), Hungary (HU), Malta (MT), the Netherlands (NL), Austria (AT), Poland (PL), Portugal (PT), Romania (RO), Slovenia (SI), Slovakia (SK), Finland (FI), Sweden (SE) and the United Kingdom (UK).
Data of previous months have been revised compared to those issued in the News Release 63/2007 of 14 May 2007. The figures for March 2007 were +0.4% in the EA13 and +0.5% in the EU27 for the monthly changes, and +3.7% in the EA13 and +3.9% in the EU27 for the yearly changes.
Total industry (excluding construction). According to the Council Regulation 1165/98 Eurostat publishes national seasonally adjusted data if available. For the other Member States (Bulgaria, the Czech Republic, Greece, Spain, Cyprus, Latvia, Luxembourg and Romania) Eurostat performs the adjustment. This means that different methodologies are used to make the seasonal adjustment of the national series.
The seasonally adjusted euro area and EU series are calculated by aggregating the working day adjusted series from individual Member States and performing an adjustment for seasonal effects on these series. Therefore the seasonally adjusted figures for total industry (excluding construction) is based directly on the working day adjusted series coming from the Member States and not on an aggregation of the seasonally adjusted indices from the Member States. The euro area and EU seasonally adjusted growth rates might differ from the weighted growth rates of the individual Member States (see Methodology of the industrial production index).
This procedure also implies that the aggregation of the overall figures is not based on the published details (intermediate, capital, durable, non-durable goods, energy).
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