EU chemicals production in January falls by 1.4% - Eurostat

13 March 2013 10:34  [Source: ICIS news]

LONDON (ICIS)--Chemicals production in the EU fell by 1.4% month on month in January, European statistics agency Eurostat said on Wednesday.

Eurozone chemicals production in January was down by 1.1%, according to estimates, it added.

The Eurostat data shows that chemicals production decreased by 1.7% in the 27-member EU in January year on year, while production fell by 1.4% in the 17-member eurozone.

Europe’s total industrial production also declined in January, falling by 0.4% in both the EU and the eurozone on a seasonally-adjusted basis compared with December. In December, revised figures showed production rose by 0.8% month on month in the EU and 0.9% in the eurozone.

“In January 2013 compared with December 2012, production of durable consumer goods fell by 1.4% in the euro area and by 0.4% in the EU27. Capital goods decreased by 1.2% in both zones. Production of energy dropped by 1.0% in the euro area and by 1.2% in the EU27. Intermediate goods rose by 0.1% in the euro area and fell by 0.1% in the EU27. Non-durable consumer goods increased by 0.9% and 1.3% respectively,” Eurostat said.

“Among the Member States for which data are available, industrial production fell in nine and rose in nine. The largest decreases were registered in Finland (-4.1%), Luxembourg (-3.8%) and Latvia (-3.5%), and the highest increases in Lithuania (+4.4%), Denmark (+4.3%) and Portugal (+3.5%),” it added.

On an annual basis, industrial production in January was down by 1.7% in the EU and 1.3% in the eurozone.

“In January 2013 compared with January 2012, production of durable consumer goods fell by 5.5% in the euro area and by 4.3% in the EU27. Intermediate goods dropped by 3.1% and 3.4% respectively. Capital goods decreased by 2.6% in both zones. Production of energy increased by 0.9% in the euro area and remained stable in the EU27. Non-durable consumer goods rose by 3.1% and 2.2% respectively,” Eurostat said.

“Among the Member States for which data are available, industrial production fell in eleven and rose in seven. The largest decreases were registered in Sweden (-5.9%), Finland (-5.4%), Greece and Spain (both -5.0%), and the highest increases in Bulgaria and Lithuania (both +8.0%) and Estonia (+5.5%),” the agency added.

European industrial and chemicals production


January 2013 vs
December 2012

January 2013 vs 
January 2012

EU chemicals

-1.4%

-1.7%

Eurozone chemicals

-1.1%

-1.4%

EU industry

-0.4%

-1.7%

Eurozone industry

-0.4%

-1.3%

Data provided by Eurostat


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



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