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Industrial production increases

14/06/2016 13:42
Industrial production in Cyprus increases, according to estimates from Eurostat, the statistical office of the European Union.

In April 2016 compared with March 2016, seasonally adjusted industrial production rose by 1.1% in the euro area and by 1.3% in the EU28.

Data for Cyprus concerning March indicates that industrial production increased by 0.9% compared to February and by 7.8% on an annual basis.

In March 2016 industrial production fell by 0.7% in the euro area and by 0.5% in the EU28. In April 2016 compared with April 2015, industrial production increased by 2.0% in the euro area and by 2.5% in the EU28.

The increase of 1.1% in industrial production in the euro area in April 2016, compared with March 2016, is due to the production of durable consumer goods rising by 2.3%, capital goods by 1.9%, non-durable consumer goods by 1.6%, intermediate goods by 0.4% and energy by 0.3%. In the EU28, the increase of 1.3% is due to production of non-durable consumer goods rising by 2.3%, durable consumer goods by 1.9%, capital goods by 1.7%, energy by 0.5% and intermediate goods by 0.4%.

Among Member States for which data are available, the highest increases in industrial production were registered in Ireland (+6.7%), Portugal (+6.4%), Estonia (+5.9%) and Hungary (+5.4%), and the largest decreases in Croatia (-2.8%), Lithuania (-2.7%) and Latvia (-2.0%).

The increase of 2.0% in industrial production in the euro area in April 2016, compared with April 2015, is due to the production of capital goods rising by 3.8%, both intermediate goods and durable consumer goods by 1.5%, energy by 1.3% and non-durable consumer goods by 1.0%. In the EU28, the increase of 2.5% is due to production of capital goods rising by 3.5%, non-durable consumer goods by 2.4%, durable consumer goods by 2.2%, intermediate goods by 1.3% and energy by 1.0%.

Among Member States for which data are available, the highest increases in industrial production were registered in Slovakia (+7.2%), Poland (+5.9%), Slovenia (+5.3%), Hungary (+5.2%) and Croatia (+5.0%), while decreases were observed in Malta (-3.6%), Luxembourg (-2.5%), Lithuania (-1.3%) and Latvia (-0.5%).