EU July chems production flat from June, down 0.4% year on year

12 September 2013 10:58  [Source: ICIS news]

LONDON (ICIS)--EU chemicals production was flat in July compared with the previous month and 0.7% higher in the eurozone, official data showed on Thursday.

Chemicals production fell in both regions on a year-on-year basis, lower by 0.4% in the EU and by 0.3% in the eurozone, according to initial estimates from Eurostat.

Total EU industrial production in July declined by 1% month on month and was lower by 1.5% in the 17-member eurozone.

“Among the member states for which data are available, industrial production fell in 12, rose in 10 and remained stable in the UK,” Eurostat said.

“The largest decreases were registered in Ireland (-8.7%), Malta (-6.7%), Portugal (-3.2%), Greece (-2.8%) and Germany (-2.3%), and the highest increases in Lithuania (+3.3%), Denmark (+2.3%), Estonia (+2.1%) and Finland (+2.0%).”

On a year-on-year basis, July industrial production fell in both the EU and Eurozone, by 1.7% and 2.1% respectively.

Industrial production fell in 15, rose in seven and remained stable in Slovenia, the agency said.

“The largest decreases were registered in Greece (-8.2%), Ireland (-7.9%), Malta (-7.7%) and Sweden (-6.2%), and the highest increases in Estonia (+7.8%), Romania (+7.3%) and Poland (+3.8%).”

From 1 July this year, the EU also includes Croatia and now comprises 28 countries (EU28).

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


July 2013 vs June 2013

July 2013 vs 
July 2012

EU chemicals

0.0%

-0.4%

Eurozone chemicals

0.7%

-0.3%

EU industry

-1.0%

-1.7%

Eurozone industry

-1.5%

-2.1%


By: Graeme Paterson
+44 20 8652 3214



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