In January 2023, seasonally adjusted industrial production increased by 0.7% in the euro area and by 0.3% in the EU, compared with December 2022, according to estimates from Eurostat, the statistical office of the European Union. In December 2022, industrial production decreased by 1.3% in the euro area and by 0.6% in the EU. In January 2023 compared with January 2022, industrial production increased by 0.9% in the euro area and by 1.0% in the EU. In the euro area in January 2023, compared with last month, production of intermediate goods grew by 1.5%, while production of capital goods fell by 0.2%, durable consumer goods by 0.7%, energy by 0.8% and non-durable consumer goods by 2.1%. In the EU, production of intermediate goods grew by 1.1%, energy remained stable, while production of capital goods fell by 0.2%, durable consumer goods by 0.9% and non-durable consumer goods by 3.2%. Among member states for which data are available, the highest monthly increases were registered in Ireland (+9.3%), Sweden (+5.0%) and Romania (+2.0%). The largest decreases were observed in Denmark (-7.1%), Hungary (-5.0%) and the Netherlands (-4.3%). In the euro area in January 2023, compared with January the year before, production of capital goods rose by 8.2% and nondurable consumer goods by 3.2%, while production of durable consumer goods fell by 0.6%, intermediate goods by 5.3% and energy by 7.6%. In the EU, production of capital goods rose by 8.3% and non-durable consumer goods by 4.7%, while production of durable consumer goods fell by 2.5%, intermediate goods by 5.3% and energy by 7.1%. Among member states for which data are available, the highest annual increases were registered in Ireland (+19.5%), Denmark (+14.2%) and Malta (+12.4%). The largest decreases were observed in Lithuania (-12.0%), Latvia (-9.8%) and Slovakia (-8.6%). Cyprus is the only member state for which there are no updated figures for January, due to the fact that the country has a derogation with respect to the relevant regulation allowing it to have a longer deadline to submit data until the end of 2023.
Source: Cyprus News Agency