EU chemicals production in February falls by 1.4% - Eurostat

12 April 2013 11:34  [Source: ICIS news]

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

Eurozone chemicals production in February was down 1.6%, according to estimates, it added.

The Eurostat data shows that production was also down in both regions year on year during February, with chemical output falling by 2.2% in the 27-member EU and 2.4% in the 17-member eurozone, compared to the same period in 2012.

Europe’s total industrial production increased in February, expanding by 0.4% month on month in both the EU and the eurozone.

However, revised data January showed that the new year decline had been steeper than originally projected. Eurostat had originally estimated that industrial production had declined by 0.4% month on month in the EU and the eurozone during the month, but revised estimates now peg that decline at 0.5% for the EU and 0.6% for the eurozone.

"In February 2013 compared with January 2013, production of energy grew by 2.6% in the euro area and by 1.8% in the EU27. Durable consumer goods increased by 1.3% in the euro area and remained stable in the EU27. Capital goods rose by 0.9% and 0.6% respectively. Intermediate goods fell by 0.1% in the euro area, but increased by 0.2% in the EU27. Non-durable consumer goods dropped by 1.5% and 1.3% respectively," Eurostat said.

"Among the Member States for which data are available, industrial production rose in 10 and fell in 12. The highest increases were registered in the Netherlands and Slovenia (both +3.4%), the Czech Republic (+1.6%) and Portugal (+1.3%), and the largest decreases in Estonia and Malta (both -3.9%), Lithuania (-3.7%) and Denmark (-3.0%)," it added.

On an annual basis, industrial production fell by 2.5% in the EU and 3.1% in the eurozone.

“In February 2013 compared with February 2012, production of energy fell by 6.1% in the euro area and by 5.9% in the EU27. Durable consumer goods dropped by 4.8% and 4.5% respectively. Capital goods decreased by 3.5% in the euro area and by 2.8% in the EU27. Intermediate goods fell by 3.0% and 2.5% respectively. Non-durable consumer goods grew by 0.1% in the euro area and by 0.7% in the EU27,” Eurostat said.

“Among the Member States for which data are available, industrial production fell in 16 and rose in six. The largest decreases were registered in Finland (-7.5%), Spain (-6.5%), Greece (-3.9%) and Italy (-3.8%), and the highest increases in Romania (+6.5%), Bulgaria (+5.1%) and Slovenia (+3.3%),” the agency added.

February 2013 vs
January 2013

February 2013 vs 
February 2012

EU chemicals

-1.4%

-2.2%

Eurozone chemicals

-1.6%

-2.4%

EU industry

0.4%

-2.5%

Eurozone industry

0.4%

-3.1%


By: Tom Brown
+44 208 652 3214



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