Croatia posts EU's largest drop in industrial production in October 2018

Croatia posts EU's largest drop in industrial production in October 2018

Croatia posts EU's largest drop in industrial production in October 2018 Izvor: Shutterstock

In October 2018 seasonally adjusted industrial production inched up 0.2 percent in both the EU28 and the euro zone (EA19) month-on-month, according to estimates released by Eurostat. It also said the biggest drop in industrial production was recorded in Croatia.

In October 2018 industrial production increased 1.2 percent in the euro zone and by 1.3 percent in the EU28.

In the euro zone in October 2018, compared with September 2018, production of capital goods rose by 1.0 percent, durable consumer goods by 0.4 percent and intermediate goods by 0.2 percent, while production of non-durable consumer goods remained stable and the production of energy fell by 1.7 percent.

In the EU28, production of capital goods rose by 0.8 percent, durable consumer goods by 0.6 percent, and intermediate goods and non-durable consumer goods by 0.3 percent, while production of energy fell by 1.4 percent.

By country, the highest increases in industrial production were registered in Lithuania (7.4 percent), Slovenia (2.5 percent), Hungary and Sweden (both at 2.1 percent). The largest drops were in Finland (2.6 percent), Greece (1.5 percent), Latvia (1.2 percent) and the Czech Republic (1.1 percent).

Year-on-year, in October 2018 in the euro zone the production of capital goods rose by 3.7 percent and non-durable consumer goods by 1.2 percent, while the production of durable consumer goods remained unchanged. The production of intermediate goods fell by 0.4 percent and energy by 3.1 percent.

In the EU28, the production of capital goods rose by 3.3 percent, non-durable consumer goods by 1.5 percent, durable consumer goods by 1.2 percent and intermediate goods by 0.1 percent, while production of energy fell by 1.7 percent.

The highest year-on-year increases in industrial production were registered in Lithuania (9.2 percent), Ireland (6.1 percent) and Poland (5.0 percent), while the largest drops were in Croatia (2.4 percent), Latvia (1.9 percent) and Greece (1.0 percent).

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