Europe chems, industrial production falls in October – Eurostat

14 December 2011 11:27  [Source: ICIS news]

LONDON (ICIS)--EU chemicals and industrial production fell in October as demand was hit by the continuing eurozone debt crisis, data from statistics agency Eurostat showed on Wednesday.

EU chemicals production was down by 0.8% in October compared with September, with a 1.2% decline in the 17-member eurozone.

Year on year, chemicals production in October, adjusted for the number of working days in each period, was 2.1% lower in the 27-member EU and down by 3.2% in the eurozone.

Industrial production in the EU was down by 0.2% month on month in October, and fell by 0.1% in the eurozone, Eurostat said. In September, production had decreased by 2.0% and 1.5% month on month, respectively.

In October 2011 compared with October 2010, industrial production increased by 1.3% in both zones.

Production of energy in October fell by 0.6% in the EU and by 0.9% in the eurozone, compared with September. The production of intermediate goods and durable consumer goods also dropped month on month.

However, output of non-durable consumer goods grew by 0.3% in the EU and by 0.6% in the eurozone compared with September, while the production of capital goods rose by 0.9% and 1.2% respectively.

European industrial and chemical production

	October 2011 vs September 2011	October 2011 vs October 2010
EU chemicals	-0.8%	-2.1%
Eurozone chemicals	-1.2%	-3.2%
EU industry	-0.2%	1.3%
Eurozone industry	-0.1%	1.3%

By: Franco Capaldo
+44 (0)20 8652 3214

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