Malta registered third largest decrease in industrial production in Europe

In July 2016, Malta registered a decrease of -3.9% in industrial production when compared to the corresponding period in 2015, following Slovakia which registered -14.3% and Czech Republic which registered -7.6%

Malta registered a decrease of -3.9% when compared to last year
Malta registered a decrease of -3.9% when compared to last year

Across Europe, industrial production decreased by 0.1% in July 2016 when compared to July 2015, due to production of energy falling by 4% and capital goods by 0.7%, while intermediate goods rose by 0.4%, non-durable consumer goods by 1.2% and durable consumer goods by 3.1%.

Malta registered a decrease of -3.9%, following Slovakia which registered -14.3% and Czech Republic which registered -7.6%.

The highest increases in industrial production were registered in Denmark and Slovenia who both reached +7.4%, Finland with +6.8% and Ireland with +5%.

In the euro area, industrial production decreased by 0.5% as a result of production of energy falling by 5.9% and capital goods by 1.2%, while intermediate goods rose by 0.3%, non-durable consumer goods by 1.3% and durable consumer goods by 2.6%.

Comparing the figures in July 2016 with those of June 2016, seasonally adjusted industrial production fell by 1.1% in the euro area and by 1% across all EU countries. In June 2016 industrial production rose by 0.8% in the euro area and by 0.7% in the EU28.

The decrease of 1.1% in industrial production in the euro area in July 2016 is due to production of capital goods falling by 1.7%, energy by 1.4%, durable consumer goods by 0.7% and intermediate goods by 0.5%, while production of non-durable consumer goods remained unchanged.

In the 28 EU countries, the decrease of 1% is due to production of capital goods falling by 2.1%, durable consumer goods by 0.6%, intermediate goods by 0.4% and energy by 0.2%, while production of non-durable consumer goods rose by 0.2%.

In the month-to-month comparison, the largest decreases in industrial production were registered in Slovakia with -15.9%, Czech Republic with -9.7% and the Netherlands with -5.8%, and the highest increases in Estonia with +4.5%, Ireland with +3.7% and Denmark with +2.3%.

These figures were provided by the Eurostat, the statistical office of the European Union.