Eurostat published figures show the euro area increased industrial production by 1.3% in March 2010 compared with February and the EU27 managed 1.2%. On an annual basis the euro area increased production by 6.9% in March 2010 and the EU27 by 6% compared with March 2009.
Looking at the main industrial groupings on the monthly basis, capital goods increased by 1.5% in the euro area and by 1.2% in EU27. Durable consumer goods increased by 0.6% in the euro area. Non-durable consumer goods increased by 1.2% in the euro area and by 1.1% in the EU27. Intermediate goods rose 0.5 and 0.8% respectively. Energy production fell by 0.5% and 0.2% respectively.
On annual comparisons intermediate goods rose 11.7% in the euro area and 10.6% in the EU27, capital goods rose by 4.5% and 4.9% respectively and non-durable consumer goods rose 4.6% and 3.2% with durable consumer goods rising by 2.2% and 3.8%. Energy increased production by 4.9% in the euro area and 2.9% in the EU27 over the year between March 2009 and March 2010.
The country with the biggest increase in production over the month according to the survey was Latvia with 9.9% then Portugal with 7.7%. The Czech Republic reported the smallest increase with 0.7%. The biggest decrease in production was in Ireland with a fall of 2.6%. Over the year the largest increase was in Estonia with 11.6% and the biggest decrease was in Greece with 4.5%. Latvia and Poland also had large increases in production over the year on 11.4% and 11.2%. Denmark's production fell by 1.9%. Norway, a member of EFTA and not the European Union, reported a decrease of 5.1%.
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