European Production Up 1.8%

Industrial production increased by 1.8% in the euro area between October and November 2013 according to a statistical bulletin from Eurostat. Production also increased across the EU as a whole with growth of 1.5% in the EU28. Production had decreased in October by 0.8% and 0.5% respectively. Ireland reported the biggest increase with 11.7%. There was monthly growth in all 5 sectors - capital goods, durable consumer goods, energy, non-durable consumer goods and intermediate goods.

There was an annual increase of 3% in both the euro area and the EU28 with the largest increases reported in Ireland with growth of 13.2% and Slovakia with 12.7%. Over the year capital goods increased by 4.4% in the euro area and 4.7% in the EU28. Intermediate goods grew by 3.3% and 3.5% respectively and non-durable goods grew by 3.1% and 2.7% respectively. Energy decreased by 0.5% in the euro area and 1.4% in the EU28 and durable consumer goods fell by 0.8% and 0.3% respectively.

Increase In Factory Gate Prices In Europe In September

Industrial producer prices in Europe went up by 0.1% in both the euro area and the EU28 in September compared with August 2013 according to a statistical bulletin from Eurostat. Over the year to September 2013 industrial producer prices fell by 0.9% in the euro area and 0.5% in the EU28.

Prices in total industry excluding energy fell by 0.1% in both zones over the month. Energy prices increased by 0.5% in the euro area and by 0.4% in the EU28. Consumer durables increased by 0.1% in both zones and capital goods and non-durable consumer goods remained unchanged but intermediate goods fell by 0.1%.

Over the year, total industry prices excluding energy fell by 0.1% in the euro area and rose by 0.1% in the EU28. Energy prices decreased by 2.7% and 2.4% respectively. Intermediate goods fell by 1.5% in the euro area and 1.3% in the EU28 Capital goods increased by 0.6% and 0.7% respectively. Durables increased by 0.8% in the euro area and 0.5% in the EU28 and non-durables increased by 1.6% and 1.8% respectively.

Production Down Across Europe In May

Seasonally adjusted figures for industrial production fell by 0.3% in the euro area and by 0.6% in the EU27 compared with April according to Eurostat. Production had increased in April by 0.5% and 0.3% respectively.

The production of consumer durables decreased by 2.3% in the euro area and 2.1% in the EU27. Capital goods decreased by by 1.5% and 1.9% respectively and intermediate goods by 0.4% and 0.2% respectively. Energy rose by 0.1% in the euro area and fell by 0.3% in the EU27. Non-durable consumer goods increased by 0.6% in the euro area and fell by 0.1% in the EU27.

Nationally, the largest decreases were in Romania (-10.7%), Lithuania (-6.3%) and Sweden (-3.8%). Portugal (6.1%), Latvia (2.2%) and Estonia (2%) saw the largest increases.

Industry Producer Prices Fall By 0.2% Across EU

The industrial producer prices index, that reflects price changes at the factory gates of Europe, fell by 0.2% in both zones (EA17 & EU27) during March as compared with February according to the latest statistical bulletin from Eurostat, the statistical office of the European Union. The annual comparison between March 2012 and March 2013 shows that industrial producer prices increased 0.7% in both zones.

The monthly comparison shows that energy prices fell by 0.6% in both zones and capital goods were stable while non-durable goods prices increased by 0.1% in both zones. Intermediate goods prices increased by 0.1% in the euro area and were unchanged in the EU27. Durables prices rose by 0.1% in the euro area but fell by 0.1% in the EU27.

In March 2013 compared with March 2012 total industry prices excluding energy rose by 1% in the euro area and 1.1% in the EU27. Durables gained 0.6% in both zones and intermediate goods prices gained 0.4% in both zones. Non-durables prices increased by 2.1% in the euro area and 2.3% in the EU27 and capital goods prices increased by 0.7% and 0.8% respectively.

Producer Prices Up By 0.2% In Euro Area

Industrial producer prices in the euro area increased by 0.2% in February 2013. In the EU27 the increase was 0.4% according to Eurostat. In January 2013 prices increased by 0.4% in both zones.

The monthly analysis shows prices in industry excluding the energy sector increased by 0.1% in both zones. Energy prices increased 0.4% and 1.3% respectively. Capital goods prices rose by 0.1% in the euro area and 0.2% in the EU27. Durables and non-durables both increased by 0.1% in both zones and intermediate goods remained stable.

The annual comparison shows that prices rose by 1.3% in both zones, excluding energy the increase was 1.2% in both zones. Energy prices rose by 1.6% and 1.4% respectively. Non-durables prices increased by 2.3% in the euro area and by 2.4% in the EU27 and in both zones capital goods increased by 0.8%, intermediate goods and durable goods prices increased by 0.7%.

Industrial Production Is Down 0.4% In Europe

Industrial production fell in both the euro area and the EU27 in January by 0.4% in both zones. In December they both grew.

Durable consumer goods production fell by 1.4% in the euro area and by 0.4% in the EU27 in January 2013 compared with December 2012. Non-durables invcreased by 0.9% and 1.3% respectively. Capital goods fell by 1.2% in both zones. Intermediate goods production grew by 0.1% in the euro area but fell by 0.1% in the EU27. Energy production decreased by 1% in the euro area and by 1.2% in the EU27.

The data available tells us that in Jnuary compared with December industrial production rose in nine countries and fell in nine. The highest increases were in Lithuania and Denmark and the largest decreases were in Finland and Luxembourg.

The annual comparison shows that production of durables fell by 5.5% in the euro area and 4.3% in the EU27. Production of non-durables increased by 3.1% and 2.2% respectively. Capital goods fell by 2.6% in both zones and energy production increased by 0.9% in the euro area and remained stable in the EU27. Intermediate goods production fell by 3.1% and 3.4% respectively.

The largest increases over the year were in Bulgaria and Lithuania and the decreases were in Sweden and Finland. There were increases in seven countries and decreases in eleven.

Industrial Production Growth In Europe

Industrial production grew in both zones in Europe in December compared with November 2012 according to a statistical bulletin from Eurostat. Production in the euro area increased by 0.7% and in the EU27 by 0.5% the release estimated. Production of non-durables grew by 2% in the euro area and 1.3% in the EU27 while durables grew by 2% and 0.4% respectively. Capital goods grew by 1.3% in the euro area and 1.2% in the EU27 but intermediate goods fell by 0.2% and 0.3% respectively. Energy production fell by 1.2% in the euro area and 0.4% in the EU27. The annual comparison estimated that industrial production decreased by 2.4% in the euro area and 2.3% in the EU27. The average production index fell by 2.4% in the euro area and by 2.1% in the EU27.

Industrial Prices Fall In December But Increase Over The Year

The industrial producer price index published by Eurostat fell by 0.2% in both the euro area and the EU27 in December compared with November 2012. The index increased 2.1% in the euro area and 1.9% in the EU27 using the annual comparison for December. The average industrial producer price index for the whole of 2012 compared with 2011 increased by 2.6% in the euro area and 2.7% in the EU27.

Total industry prices excluding energy were stable in both zones in December. Capital goods and intermediate goods remained stable. Durable consumer goods decreased by 0.1% in both zones and non-durable goods increased by 0.1% in both zones.

Prices fell in most Member States for which data was available except Belgium and Sweden (+1.2%) and Finland (+0.2%). Bulgaria, Denmark, Cyprus and Austria recorded the largest decreases over the month. Over the year, total industry prices, excluding energy, increased by 1.6% in both zones.

Industrial Production Continues To Fall

Production fell by 0.3% in both the euro area and the EU27 in November 2012 compared with October according to a statistical bulletin from Eurostat. Production had also fallen in October by 1% in the euro area and 0.8% in the EU27. Using the annual comparison, industrial production fell by 3.7% in the euro area and by 3.3% in the EU27.

Looking at the main components of the monthly index energy production fell by 1.6% in the euro area and 0.7% in the EU27. Durable consumer goods production fell by 1.1% in the euro area and by 1.4% in the EU27, non-durables fell by 1.2% in both zones. Intermediate goods fell by 0.3% and 0.4% respectively. Capital goods was the only component part to show any growth. There was 0.7% growth in capital goods production in the euro area and 0.5% in the EU27.

Over the year to November 2012 durables fell by 7.7% in the euro area and 6.8% in the EU27, non-durables by 3% and 2.7% respectively. Intermediate goods production fell by 4.8% and 4.3% respectively. Capital goods fell by 4.4% in the euro area and 3.7% in the EU27 but energy production increased by 0.5% in the euro area but fell in the EU27 by 0.6%.

Factory Gate Prices Down In Europe In November

Factory gate prices in both the euro area and the EU27 fell by 0.2% in November 2012 compared with October 2012 according to a statistical bulletin from Eurostat. November 2012 compared with November 2011 shows an increase of 2.1% in the euro area and 1.9% in the EU27.

While annual inflation in producer prices in November 2012 increased by 1.5% in both the euro area and the EU27, the monthly analysis shows that in November total industry inflation, excluding energy, fell by 0.1% in the euro area and remained stable in the EU27. Energy sector prices fell by 0.7% in the euro area and by 1.1% in the EU27.

In both zones, intermediate goods decreased by 0.2% in November and capital goods increased by 0.1%. Durable consumer goods increased by 0.1% in the euro area and remained stable in the EU27 and non-durable consumer goods increased by 0.1% in the euro area and 0.2% in the EU27.

Energy prices increased by 4.1% over the year in the euro area and 2.9% in the EU27. Durable consumer goods increased by 1.1% in both zones while non-durable consumer goods increased by 2.3% in the euro area and 2.6% in the EU27. Intermediate goods increased by 1.4% in the euro area and 1.2% in the EU27 and capital goods increased by 1% in the euro area and 0.9% in the EU27.

Manufacturing Up But Production Trend Is Down

The index of manufacturing rose by 0.3% in January 2012 compared with 2011 while the overall index of production fell by 3.8% over the same period. On the monthly comparison manufacturing rose by 0.1% while total production fell by 0.4%. Mining and quarrying fell by 21.3% on the annual comparison and energy supply fell by 9.3%. Capital goods were up 4.2%.

Producer Prices Up In Europe

The industrial producer prices index by Eurostat increased by 0.2% in the euro area in November 2011 and by 0.3% in the EU27 compared with October. When compared with November 2010 the index went up by 5.3% in the euro area and by 6.3% in the EU27.

Total industry prices excluding energy fell by 0.1% in the euro area and remained stable in the EU27 in the monthly comparison. Energy prices increased by 0.9% and 0.1% respectively. Non-durable consumer goods increased by 0.3% in both areas and durables by 0.2%. Intermediate goods fell by 0.4% and 0.3% respectively and capital goods remained stable.

In the annual comparison total industry prices increased by 3% in the euro area and by 3.3% in the EU27. Energy prices increased by 12.3% and 13.8% respectively. Prices in the non-durable goods sector increased by 3.6% in the euro area and 4.2% in the EU27, intermediate goods by 3.5% and 3.8% respectively, durables by 2.6% in both zones and capital goods by 1.4% in the euro area and by 1.5% in the EU27.

Sweden reported the largest increases on the monthly comparison with 1.6%, followed by the UK, Ireland and Greece. Using the annual comparison, the greates increases were in the UK with 11.6% followed by Lithuania (10.8%) and Latvia (9.1%).

Trade Deficit Narrowed To £1.6bn In October

The seasonally adjusted trade in goods and services deficit was £1.6bn in October down from £4.3bn in September according to the ONS. It is the smallest deficit since April.

The deficit on trade in goods amounted to £7.6bn and the surplus on trade in services amounted £6bn. Exports rose to a record £26.5bn and imports fell from the record £34.6bn in September to £34.1bn in October. Both import and export prices fell in October by 0.6% and 0.4% respectively.

There was a £2.1bn increase in exports of goods to both EU (£13.9bn) and non-EU (£12.6bn) countries.

The biggest changes in key commodity value between September and October were in exports of chemicals (+£596m) and capital goods (+£327) and imports of oil (+£276m). Consumer goods other than cars had the biggest downward change (-£246).

European Industries See Increase In New Orders

European industries experienced an increase in new orders in August 2011 compared with July and with August 2010. The euro area index rose by 1.9% on the month and 6.2% over the year. The EU27 increases were 0.4% over the month and 6.5% over the year.

New orders for capital goods increased 2.7% in the euro area between July and August and 1.1% in EU27, non-durables increased 1.2% and 0.5% respectively, durable consumer goods fell by 0.8% and 1.8%. Intermediate goods orders grew by 1.1% in both zones. Durable consumer goods orders also fell on the annual comparison, 3.1% in the euro area and 8.4% in EU27. Capital goods orders rose by 7.8% in the euro area and 8.2% in the EU27 and intermediate goods orders by 6.1% and 6.9% respectively.

Fall In Industrial Producer Prices In EU

The industrial producer prices index published by Eurostat fell by 0.2% in the euro area and by 0.3% in the EU27 in May compared with April 2011. When comparing May 2011 with May 2010 the IPP index rose by 6.2% in the euro area and by 78.1% in the EU27.

Energy prices fell by 1.1% in the euro area and 1.3% in EU27 over the month.Non-durables increased by 0.3% in both areas, durables increased by 0.1% in the euro area and remained stable in the EU27. Capital goods also remained stable while intermediate goods increased by 0.2% in the euro area and by 0.3% in the EU27.

European Industrial Production Falls In March

Seasonally adjusted figures for industrial production for March 2011 compared with February 2011 for the euro area fell by 0.1% and by 0.3% in the EU27. Production increased by 0.6% and 0.4% respectively in February.

Production of durable consumer goods grew by 0.1% in the euro area and 0.3% in the EU27. Non-durables decreased by 0.7% and 0.8% respectively. Intermediate goods were stable in the euro area and increased by 0.1% in the EU27. Energy production fell by 0.7% in the euro area and 1.4% in the EU27. Capital goods fell by 0.9% and 1.1% respectively. Industrial production fell in eleven of the countries for which data is available and grew in nine.

In March 2011 compared with March 2010 capital goods grew by 10.5% in the euro area and 10% in the EU27 Durables grew by 2.4% and 1.3% respectively and non-durables fell by 0.6% in both groups. There was a decline in energy production of 2.2% in the euro area and 3.2% in the EU 27. The data availbale shows that between March 2010 and March 2011 industrial production grew in fourteen countries and fell in six countries. The largest growth was in Estonia with 32.7% and the biggest fall was in Greece with 7.5%.

European Production Down In December

Industrial production fell by 0.1% in Europe in December in both the euro area and the EU27 compared with November 2010. When December 2010 is compared with December 2009 industrial production increased by 8% in the euro area and 7.7% in the EU27. The average production index increased by 7.1% in the euro area and 6.7% in ther EU27 over the same period.

Looking at the main industrial production sectors in the monthly comparison energy grew by 2.4% in the euro area and 1.7% in EU27. Non-durables fell by 0.3% in the euro area and 0.2% in EU27 and durables decreased by 1% and 0.1% respectively. Intermediate goods fell by 1.3% in both areas. The annual comparison shows that capital goods grew by 14.8% in the euro area and 14.5% in the EU27 while intermediate goods grew by 7.8% and 7.9% respectively. Energy increased by 5.8% in the euro area and 3.8% in EU27. Non-durables grew by 1.9% in the euro area and 2.5% in EU27 and durables by 2.1% and 1.8% respectively.

Manufacturing Increases 5.8%

Production increased by 3.3% in October according to the index of production from the ONS. Manufacturing increased by 5.8%. The main contributors to the increase in the manufacturing index were an increase of 1.4% in machinery and equipment and 1.3% from basic metals and metal products. Capital goods increased by 8.4% and intermediate goods and energy by 1.2%. Mining and quarrying fell by 7.2%, oil and gas extraction alone by 8%. Electricity, gas and water supply increased by 0.7%. Consumer durables fell by 5.2% while non-durables increased by 4.3%.

Production Continues To Grow

The index of production for September was 3.8% higher than September 2009. The index for October 2010 rose by 3.3% compared with 2009. The index of manufacturing was 4.8% higher in September and 5.8% higher in October. Output increased in 10 of the 13 sub-sectors in both September and October and fell in 2 in September and 3 in October with the largest increases in machinery and equipment and basic metals and metal products in both months with increases of 21% and 12.6% respectively in September and 16.8% and 13.7% respectively in October.

In the euro area industrial production increased by 5.2% in September 2010 compared with September 2009 and 5.8% in the EU27. Capital goods grew by 7.5% in euro area and 8.7% in EU27, intermediates by 6.8% and 7.5% respectively, energy by 1.8% and 0.8%, non-durables by 1.6% and 2.5% respectively and durables by 0.2% in euro area and 2.2% in EU27.

5.3% Increase In European Manufacturing Orders

New manufacturing orders increased by 5.3% in August 2010 after a 1.8% fall in July. If the more volatile heavy transport sector including ships, railways and aerospace are left out the increase was still 4.1%. It was the same in the EU27. Total new industrial orders increased by 3.6% and excluding heavy transport equipment the increase was 3.3%. Capital goods were the most significant driver in both areas.