Industrial production down by 0.4% in European Union

Industrial production down by 0.4% in European Union

In October 2019 compared with September 2019, seasonally adjusted industrial production fell by 0.4% in the EU28, according to Eurostat, the statistical office of the European Union. In October 2019 compared with October 2018, industrial production decreased by 1.7% in the EU28.

In the EU28, production of capital goods fell by 1.6% and energy by 0.4%, while the production of non-durable consumer goods rose by 0.2%, intermediate goods by 0.4%and durable consumer goods by 1.5%. Among Member States for which data are available, the largest decreases in industrial production were registered in Denmark and Greece (both -2.6%), and in Latvia and Lithuania(both -2.3%). The highest increases were observed in Portugal(+3.1%), Slovenia (+2.0%) and Poland (+1.1%).

Industrial Production measures the volumes of manufactured goods and industrial sector activity in the given month compared to the previous one. Growth rates relative to the previous month are based on seasonally adjusted parameters. The index calculation includes the manufacturing industry, mining, and utilities. Construction is not included.

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