E.U. Industrial Production During August 2010

by Stephan Smith on October 16, 2010

Industrial production continues to improve in the European Union during the month of August 2010. Month over month, total industrial production grew by 1 percent in the Euro Area [EU16] and grew by 0.8 percent in the EU27 according to the EuroStat August 2010 Industrial Production Press Release.  Year over year, total industrial production grew by 7.9 percent in the Euro Area and grew by 7.5 percent in the EU27. Good news for the European Union because total industrial production continues its up trend.

Growth (Month over Month)

Intermediate goods production grew by 1.4 percent month over month in the EU16 and grew by 1.0 percent month over month in the EU27. Year over year intermediate goods production grew by 10.8 percent in the EU16 and grew by 10.2 percent in the EU27. More good news for the E.U.

Euro FlagCapital goods production grew by 3 percent month over month in the EU16 and grew by 2.6 percent month over month in the EU27. Year over year capital goods production grew by 11.2 percent in the EU16 and grew by 10.6 percent in the EU27. Excellent growth.

Durable goods production grew by 1.8 percent month over month in the EU16 and grew by 1.4 percent month over month in the EU27. Year over year durable goods production grew by 7.3 percent in the EU16 and grew by 7.6 percent in the EU27.

Contraction (Month over Month)

Energy production contracted by 0.7 percent month over month in the EU16 and contracted by 0.3 percent month over month in the EU27. Year over year, energy production grew by 0.7 percent in the EU16 and grew by 0.2 percent in the EU27. Energy production is experiencing very low growth year over year. If energy production experienced growth in the 5 to 10 percent range year over year like the capital goods production, it would be a good sign for Europe and is synonymous with a strong economy.

Falling GraphNon-durable consumer goods production contracted by 0.2 percent month over month in the EU16 and remained stable (no change) month over month in the EU27. Year over year, non-durable consumer goods production grew by 4.0 percent in the EU16 and grew by 4.3 percent in the EU27. Growth here is modest.

Additional Commentary

The country with the biggest total industrial production growth in the E.U. year over year is Estonia, growing at 22.9 percent. The country with the biggest contraction in total industrial production year over year is Norway, contracting at 13 percent. Below is a chart provided by Eurostat that illustrates the EU16 and EU27 total industrial production data as a line graph.

EU Industrial Production Chart for August 2010

Though the European Union’s total industrial production hasn’t reach levels prior to the major global financial crisis, as the chart above illustrates, the trend is headed in the right direction.

Click Here to Download PDF

Click Here to Download Audio



To contact me for questions, comments, adverting or other business related inquiries - please visit my contact page.


Leave a Comment

{ 0 comments… add one now }

Previous post:

Next post: