Business

Industrial Production Falls in January

By 15 March 2018

ZAGREB, March 15, 2018 - In January 2018, industrial output in the European Union decreased on the month and rose on the year, although at a slower pace, while industrial production in Croatia was down both on the month and on the year, according to estimates from Eurostat, the statistical office of the European Union.

In January 2018 compared with December 2017, seasonally adjusted industrial production fell by 0.7% in the EU28, and by 1.0% in the euro area (EA19), according to Eurostat.

In December 2017, industrial production rose by 0.4% in the euro area and by 0.3% in the
EU28.

Industrial output in Croatia in January was down 1.7% on the month. In December 2017, Croatia's industrial production rose by 1.6%, according to Eurostat.

Among member states for which data are available, the largest decreases in industrial production were registered in the Netherlands (-5.7%), Romania (-2.9%) and Spain (-2.5%), and the highest increases in Portugal (+2.5%), Estonia (+1.9%) and Denmark (+1.8%).

In the EU28, the decrease of 0.7% is due to production of energy falling by 3.3%, durable consumer goods by 1.4%, intermediate goods by 0.6% and non-durable consumer goods by 0.3%, while production of capital goods rose by 1.2%.

The decrease of 1.0% in industrial production in the euro area in January 2018, compared with December 2017, is due to production of energy falling by 6.6%, durable consumer goods by 1.9% and intermediate goods by 1.0%, while production of capital goods rose by 1.2% and non-durable consumer goods by 0.1%.

In the EU28, the increase of 3.0% is due to production of capital goods rising by 8.3%, intermediate goods by 5.1%, durable consumer goods by 4.2% and non-durable consumer goods by 2.7%, while production of energy fell by 7.4%

The increase of 2.7% in industrial production in the euro area in January 2018, compared with January 2017, is due to production of capital goods rising by 8.5%, intermediate goods by 5.1%, durable consumer goods by 3.8% and non-durable consumer goods by 3.0%, while production of energy fell by 10.4%.

Among member states for which data are available, the highest increases in industrial production were registered in Romania (+8.5%), Estonia (+7.7%) and Sweden (+7.1%), and the largest decreases in the Netherlands (-6.6%), Malta (-1.7%) and Greece (-1.6%).

Croatia's industrial output in January 2018 was down 0.4% on the year, following a 2.4% fall in December 2017, also on the year.

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