Industrial production down by 1.0% in euro area and by 0.9% in the EU

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The Malta Business Weekly

In February 2021, the seasonally adjusted industrial production fell by 1.0% in the euro area and by 0.9% in the EU, compared with January 2021, according to estimates from Eurostat, the statistical office of the European Union. In January 2021, industrial production rose by 0.8% in the euro area and in the EU.

In February 2021 compared with February 2020, industrial production decreased by 1.6% in the euro area and by 1.1% in the EU.

Monthly comparison by main industrial grouping and by Member State

In the euro area in February 2021, compared with January 2021, production of capital goods fell by 1.9%, energy by 1.2%, durable consumer goods by 1.1%, intermediate goods by 0.7% and non-durable consumer goods by 0.1%.

In the EU, production of capital goods fell by 1.9%, durable consumer goods by 1.0%, energy by 0.7%, intermediate goods by 0.6% and non-durable consumer goods by 0.1%.

Among Member States for which data are available, the largest decreases were registered in France (-4.8%), Malta (-3.8%) and Greece (-2.5%). The highest increases were observed in Hungary (+4.8%), Ireland (+4.2%)and Croatia (+3.4%).

Annual comparison by main industrial grouping and by Member State

In the euro area in February 2021, compared with February 2020, production of non-durable consumer goods fell by 4.3%, capital goods by 2.2%, energy by 1.5% and intermediate goods by 0.1%, while production of durable consumer goods rose by 0.7%.

In the EU, production of non-durable consumer goods fell by 3.8%, capital goods by 2.4% and energy by 1.5%, while production of intermediate goods rose by 0.5% and durable consumer goods by 2.4%.

Among Member States for which data are available, the largest decreases were registered in Malta (‑10.9%),Estonia (-8.9%) and France (-6.4%). The highest increases were observed in Ireland (+41.4%), Lithuania (+9.7%)and Finland (+5.6%).

The Malta Business Weekly

In 1994, the Malta Business Weekly became the first newspaper fully dedicated to business. Today this newspaper is a leader in business and financial news. Together with the launch of the MBW newspaper, the company started organising various business breakfasts to discuss various current issues that were targeting the business community in Malta.

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Published by
The Malta Business Weekly

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