EU chemicals production up by 0.9% in October - Eurostat

12 December 2012 11:29  [Source: ICIS news]

LONDON (ICIS)--Chemicals production in the EU rose by 0.9% month on month in October, European statistics agency Eurostat said on Wednesday.

Eurozone chemicals production was up by 1.1%, it added, following a fall of 1.4% in September.

The Eurostat data suggest that chemicals production declined by 0.2% in the 27-member EU in October year on year, while production rose by 0.7% in the 17-member eurozone.

Europe’s industrial slowdown continued in October, with industrial production down by 1.0% in the EU and 1.4% in the eurozone on a seasonally adjusted basis, compared with September. The fall in industrial production in September, however, had been steeper.

Production of durable consumer goods fell by 1.5% in the EU and 3.8% in the eurozone in October, month on month. The production of capital goods was down 2.3% and 3.0% respectively.

Industrial production in October fell month on month in 14 EU member states and rose in eight.

On an annual basis, EU industrial production in October was down by 3.1% in the EU and 3.6% in the eurozone. Consumer durables production was down by 4.0% in the EU and 6.0% in the eurozone. The decline in capital goods output was 3.4% and 4.3%, respectively.

Industrial production fell in 13 member states on an annual basis in October and rose in 10, according to the available data.

European industrial and chemicals production

 

October 2012 vs
September 2012

October 2012 vs 
October 2011

EU chemicals

0.9%

-0.2%

Eurozone chemicals

1.1%

0.7%

EU industry

-1.0%

-3.1%

Eurozone industry

-1.4%

-3.6%

Data provided by Eurostat


By: Nigel Davis
+44 20 8652 3214



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