The Malta Independent 14 May 2024, Tuesday
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Malta registers highest increase in industrial production in EU in January

The Malta Business Weekly Friday, 20 March 2015, 19:06 Last update: about 10 years ago

 In January 2015 compared with December 2014, seasonally adjusted industrial production fell by 0.1% in the euro area (EA19) and remained stable in the EU28, according to estimates from Eurostat, the statistical office of the European Union.

In December 20143 industrial production rose by 0.3% and 0.4% respectively.

In January 2015 compared with January 2014, industrial production increased by 1.2% in the euro area and by 1.5% in the EU28.

The decrease of 0.1% in industrial production in the euro area in January 2015, compared with December 2014, is due to production of durable consumer goods falling by 2.2% and intermediate goods by 0.5%, while capital goods and non-durable consumer goods both increased by 0.1% and energy by 0.9%.

Industrial production remained stable in the EU28 as production of energy rose by 0.6% and intermediate goods and non-durable consumer goods were both stable, while capital goods fell by 0.3% and durable consumer goods by 1.7%.

Among Member States for which data are available, the largest decreases in industrial production were registered in Croatia (-4.0%), Latvia (-3.1%), Finland (-2.5%) and Lithuania (-2.3%), and the highest increases in Malta (+6.1%), Hungary (+4.3%) and Bulgaria (+2.0%).

The increase of 1.2% in industrial production in the euro area in January 2015, compared with January 2014, is due to production of energy rising by 2.9%, non-durable consumer goods by 2.7%, durable consumer goods by 2.5%, capital goods by 1.4% and intermediate goods by 0.7%.

In the EU28, the increase of 1.5% is due to production of durable consumer goods rising by 2.9%, non-durable consumer goods by 2.3%, capital goods by 1.8%, energy by 1.3% and intermediate goods by 1.2%.

Among Member States for which data are available, the highest increases in industrial production were registered in Ireland (+8.8%), Malta (+8.1%) and Hungary (+7.8%), and the largest decreases in Croatia (-4.9%), Finland (-4.2%) and Latvia (-3.5%).

 

 

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