EU chemicals production down in September as slowdown bites

14 November 2011 12:30  [Source: ICIS news]

EU Sept chems production down as slowdown bitesLONDON (ICIS)--EU chemicals and industrial production fell in September as the economic slowdown began to bite, data from statistics agency Eurostat showed on Monday.

EU chemicals production was down by 1.0% in September compared with August, with a 1.2% decline in the 17-member euro area.

Year on year, chemicals production adjusted for the number of working days in each period was 0.6% lower in the 27-member EU and down by 0.7% in the eurozone.

Industrial production in the EU was down by 1.3% month on month in September, and fell by 2.0% in the eurozone, Eurostat said. Year on year in September, industrial output in both zones was 2.2% higher.

Production of capital goods was 3.1% lower month on month in the EU and 4.2% down in the euro area, Eurostat said.

Production of durable consumer goods, intermediate goods, energy and non-durable consumer goods were also lower, its statistics showed.

Industrial production for the month was lower in 11 of the member states for which data are available, remained stable in the UK, and rose in 10, Eurostat added.

European industrial and chemical production


September 2011 vs
August 2011

September 2011 vs
September 2010

EU chemicals

-1.0%

-0.6%

Eurozone chemicals

-1.2%

-0.7%

EU industry

-1.3%

2.2%

Eurozone industry

-2.0%

2.2%

($1 = €0.72)


By: Nigel Davis
+44 20 8652 3214



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