Chemicals production in the EU falls by 2.1% in June

14 August 2012 11:27  [Source: ICIS news]

LONDON (ICIS)--Chemicals production in the EU fell in June by an estimated 2.1% month on month, European statistics agency Eurostat said on Tuesday.

Production in the eurozone during the same month decreased by 1.6% from May, Eurostat added. In May, chemicals production in the 27-member EU had risen by 0.1% month on month, but fell by 0.1% in the eurozone, according to revised figures.

Year on year, chemicals production continued its downward trend. In June, production in the EU fell by 2.4%, while output in the eurozone was down by 1.9%.

Total industrial production in June fell by 0.9% month on month in the EU and by 0.6% in the eurozone. Industrial output in May had risen by 0.8% and 0.9% respectively.

“Among the member states for which data are available, industrial production fell in sixteen and rose in five. The largest decreases were registered in the UK (-2.5%), Poland (-2.0%), Estonia (-1.7%) and Italy (-1.4%), and the highest increases in Lithuania (+18.6%), Slovenia (+2.9%) and Ireland (+2.7%),” Eurostat said.

Year on year, total industrial production in June was 2.2% lower in the EU and down by 2.1% in the eurozone.

“Among the member states for which data are available, industrial production fell in twelve, rose in eight and remained stable in Greece. The largest decreases were registered in Italy (-8.2%), Spain (-6.3%), the UK (-4.6%) and Portugal (-4.4%), and the highest increases in Ireland (+9.5%), Latvia (+5.4%) and Slovenia (+2.8%),” Eurostat said.

European industrial and chemicals production


June 2012 vs
May 2012

June 2012 vs 
June 2011

EU chemicals

-2.1%

-2.4%

Eurozone chemicals

-1.6%

-1.9%

EU industry

-0.9%

-2.2%

Eurozone industry

-0.6%

-2.1%

Data provided by Eurostat


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



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