Euro area’s industrial production fell 0.3pc in March after February’s 0.8pc rise

In March 2012 compared with February 2012, seasonally adjusted industrial production fell by 0.3% in the euro area and by 0.4% in the EU. In February production rose by 0.8% and 0.4% respectively. In March 2012 compared with March 2011, industrial production dropped by 2.2% in the euro area and by 1.9% in the EU. These estimates were released this week by Eurostat, the statistical office of the European Union.

In March 2012 compared with February 2012, production of energy fell by 8.5% in the euro area and by 6.8% in the EU. In both zones durable consumer goods decreased by 0.2%, while non-durable consumer goods rose by 0.8% and intermediate goods by 1.0%. Capital goods increased by 1.1% in the euro-area and by 0.9% in the EU27.

Among the member states for which data are available, industrial production fell in eleven and rose in twelve. The largest decreases were registered in the Netherlands (-9.0%), Estonia (-3.4%), Denmark (-2.8%) and Ireland (-2.7%), and the highest increases in Slovenia (+6.3%), Slovakia (+3.5%) and Lithuania (+3.1%).

In March 2012 compared with March 2011, production of energy dropped by 7.3% in the euro area and by 6.3% in the EU. Durable consumer goods fell by 6.7% and 5.5% respectively. Non-durable consumer goods decreased by 3.8% in the euro area and by 2.4% in the EU. Intermediate goods declined by 3.0% and 2.3% respectively. Capital goods grew by 2.3% in the euro area and by 2.0% in the EU.

Among the member States for which data are available, industrial production fell in fifteen and rose in eight.

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The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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