Industrial Production Stable In Europe

The industrial production index for the euro area and the EU27 remained unchanged in July compared with June 2010 according the Eurotstat statistics. Compared with July 2009 the index fell by 7.1% in the euro area and 6.8% in the EU27.

Production of non-durable consumer goods increased by 0.1% in both areas. Production of durable consumer goods fell by 0.6% in the euro area and 0.8% in the EU27. Capital goods grew by 0.1% in the euro area but in the EU27 area the index fell by 0.2%. Energy production fell by 0.1% and 0.4% respectively over the month.

The annual comparison shows that production of intermediate goods grew by 9.2% in the euro area and 9.5% in the EU27. Capital goods grew by 9.2% and 9.3% respectively. Durable consumer goods production increased by 5.3% in the euro area and 7% in the EU27 and non-durable consumer goods production grew by 3.6% and 3.7% respectively. Energy production increased by 1.9% in the euro area but fell by 0.1% in the EU27.