Eurostat: Industrial production in Cyprus down by 2.3 % monthly up 3.2% y/y in April

In May 2017 compared with April 2017, seasonally adjusted industrial production rose by 1.3% in the euro area (EA19) and by 1.2% in the EU28, according to estimates from Eurostat, the statistical office of the European Union.

In April 2017 industrial production rose by 0.3% in euro area and by 0.1% in the EU28. In May 2017 compared with May 2016, industrial production increased by 4.0% in both zones.

The latest available data for Cyprus concern April 2107 when industrial production dropped by 2.3% on a monthly basis, while it still increased by 3.2% on an annual basis.

The increase of 1.3% in industrial production in the euro area in May 2017, compared with April 2017, is due to production of capital goods rising by 2.3%, durable consumer goods by 1.8%, non-durable consumer goods by 1.2%, energy by 0.9% and intermediate goods by 0.3%. In the EU28, the increase of 1.2% is due to production of capital goods rising by 2.0%, durable consumer goods by 1.8%, non-durable consumer goods by 1.0%, energy by 0.7% and intermediate goods by 0.6%.

?he highest increases in industrial production were registered in Lithuania (+3.8%), Romania (+3.5%) and the Czech Republic (+3.3%), and the largest decreases in Portugal (-1.0%) and Malta (-0.9%)

On an annual basis the increase of 4.0% in industrial production in the euro area in May 2017, compared with May 2016, is due to production of durable consumer goods rising by 7.5%, capital goods by 5.5%, intermediate goods by 3.8%, nondurable consumer goods by 2.6% and energy by 2.2%. In the EU28, the increase of 4.0% is due to production of durable consumer goods rising by 6.8%, capital goods by 6.1%, intermediate goods by 4.9%, non-durable consumer goods by 2.4% and energy by 1.1%.

The highest increases in industrial production were registered in Romania (+14.6%), Estonia (+12.6%) and the Czech Republic (+10.7%). Decreases were observed in Malta and the United Kingdom (both -0.7%).

Source: Cyprus News Agency