Industrial production down by 0.2% in euro-zone

Seasonally adjusted industrial production decreased by 0.2% in the euro-zone in October 2002 compared to September 2002, Eurostat, the Statistical Office of the European Communities in Luxembourg, estimates today.

Production was stable in September after having increased by 0.2% in August. Output in the EU15 decreased by 0.4% in October 2002, after increasing by 0.1% in September and remaining stable in August.

In October 2002 compared to October 2001, industrial production increased by 0.3% in the euro-zone and remained stable in the EU15. For both zones, this is the first month since August 2001 that the annual rates have not been negative.

Monthly comparison
In October 2002, as compared to September 2002, durable consumer goods decreased by 1.5% in the euro-zone and 1.0% in the EU15 and intermediate goods fell by 0.9% and 0.8% respectively. Non-durable consumer goods dropped by 0.4% in the euro-zone and 0.3% in the EU15, while the energy index decreased by 0.3% in the euro-zone, but increased by 0.4% in the EU15. Capital goods increased by 0.4% in both zones

In October 2002, and among the Member States for which data are available, the largest increases were observed in Denmark (2.0%), Portugal (1.2%) and Finland (1.0%). The strongest decreases were registered in Luxembourg (-2.4%), the Netherlands (-2.3%), Germany (-2.1%) and Sweden (-2.0%).

Annual comparison
In October 2002 compared to October 2001, intermediate goods grew by 1.2% in the euro-zone and 1.1% in the EU15. The energy index increased by 1.0% and 1.2% respectively. Non-durable consumer goods fell by 0.6% in the euro-zone and 0.5% in the EU15, and capital goods registered falls of 0.6% and 0.9% respectively. Durable consumer goods decreased by 2.3% in the euro-zone and 2.4% in the EU15.

In October 2002 compared to October 2001, and among the Member States for which data are available, Ireland (16.9%), Finland (4.3%), Belgium (3.0%) and the Netherlands (2.9%) recorded the largest increases. The largest decreases were registered in Sweden (-2.8%), Luxembourg (-2.3%), Italy (-2.0%) and Greece (-1.4%).

(source: Eurostat)

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