According to Eurostat, seasonally adjusted industrial production declined MoM by 1.6% in the euro area and by 1.5% in the EU in August. By comparison, industrial production increased by 1.4% in the euro area and by 1.2% in the EU in July.

Industrial production increased YoY by 5.1% in the euro area and by 5.3% in the EU.

Monthly changes

In the euro area, production of capital goods production declined by 3.9%, durable consumer goods by 3.4%, intermediate goods by 1.5%, and non-durable consumer goods by 0.8%, whereas energy production increased by 0.5%.

In the EU, production of capital goods declined by 4.0%, durable consumer goods by 2.9% and intermediate goods by 1.4%. However, energy production remained stable and non-durable consumer goods climbed by 0.3%.

Among the Member States for which data are available, Malta (-6.3%), Germany and Estonia (both -4.1%), and Slovakia (-3.8%) registered the strongest monthly declines. By contrast, Denmark (+3.5%), Lithuania (+2.9%), and Luxembourg (+2.1%) registered the highest monthly increases.

Annual changes

In the euro area, production of non-durable consumer goods climbed by 11.6%, intermediate goods by 6.6% and capital goods by 2.8%. Meanwhile, energy production declined by 0.6% and durable consumer goods by 1.9%.

In the EU, production of non-durable consumer goods increased by 10.9%, intermediate goods by 7.1%, capital goods by 2.4% and energy by 1.0%. However, production of durable consumer goods decreased by 0.8%.

Among the Member States for which data are available, Belgium (+29.9%), Ireland (+22.1%) and Lithuania (+15.4%) recorded the highest annual increases. By contrast, Portugal (-7.2%), Malta (-4.2%) and Czechia (-1.4%) recorded decreases.