Industrial production down by 0.5% in Euro Area
According to the data published by Eurostat, the statistical office of the European Union, in October 2019 compared with September 2019, seasonally adjusted industrial production fell by 0.5% in the euro area (EA19) and by 0.4% in the EU28.
In September 2019, industrial production fell by 0.1% in the euro area and rose by 0.1% in the EU28. In October 2019 compared with October 2018, industrial production decreased by 2.2% in the euro area and by 1.7% in the EU28.
In the EU28, production of capital goods fell by 1.6% and energy by 0.4%, while production of non-durable consumer goods rose by 0.2%, intermediate goods by 0.4% and durable consumer goods by 1.5%.
Among Member States for which data are available, the largest decreases in industrial production were registered in Denmark and Greece (both -2.6%), and in Latvia and Lithuania (both -2.3%). The highest increases were observed in Portugal (+3.1%), Slovenia (+2.0%) and Poland (+1.1%).
Source: Eurostat / Link: https://ec.europa.eu/eurostat/documents/2995521/10081956/4-12122019-AP-EN.PDF/2f7cb7ba-ac94-105f-a34c-bc331c5ccedb
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
