EU March chemicals production up 0.3%, eurozone 0.2% higher

14 May 2013 11:02  [Source: ICIS news]

LONDON (ICIS)--March chemicals production in the EU and eurozone rose by 0.3%  and 0.2% respectively from the previous month, official data showed on Tuesday.

Chemical production was down in both regions on a year on year basis however, with the EU falling by 2.7% and the eurozone lower by 2.8%, according to initial estimates by Eurostat.

Europe’s March total industrial production increased from the previous month by 0.9% in the EU and 1.0% in the eurozone, the official European statistics agency said.

On a year-on-year basis, industrial production fell by 1.1% in the EU and by 1.7% in the eurozone.

Among the member states for which data are available, industrial production rose in 16 and fell in seven, compared with the previous month.

“The highest increases were registered in Portugal (+5.3%), the Netherlands (+4.5%), Luxembourg (+4.0%) and Estonia and Malta (both +3.9%), and the largest decreases in Slovenia (-2.9%), Bulgaria (-2.3%) and Ireland (-2.2%),” Eurostat said.

Compared to March 2012, industrial production fell in 11, rose in 11 and remained stable in the UK.

“The largest decreases were registered in Luxembourg (-6.9%), Italy (-5.2%), Ireland (-4.1%) and Bulgaria (-3.6%), and the highest increases in the Netherlands (+11.1%), Lithuania (+8.4%), Estonia (+7.1%) and Malta (+6.0%)," the agency said.

Eurostat's initial figures for March are subject to revision.

March 2013 vs February 2013

March 2013 vs 
March 2012

EU chemicals

0.3%

-2.7%

Eurozone chemicals

0.2%

-2.8%

EU industry

0.9%

-1.1%

Eurozone industry

1.0%

-1.7%


By: Graeme Paterson
+44 20 8652 3214



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