Industrial production fell also by 0.1% in Cyprus in August 2016, compared with July 2016 (most recent data), according to estimates from Eurostat, the statistical office of the European Union.

In August 2016 industrial production rose by 1.8% in the euro area and by 1.6% in the EU28. In September 2016 compared with September 2015, industrial production increased by 1.2% in both zones. In Cyprus industrial production fell by 6.0% in August 2016 compared with August 2015.

The decrease of 0.8% in industrial production in the euro area in September 2016, compared with August 2016, is due to production of durable consumer goods falling by 5.6%, capital goods by 2.2%, intermediate goods by 0.7% and energy by 0.2%, while production of non-durable consumer goods rose by 0.3%.

In the EU28, the decrease of 0.7% is due to production of durable consumer goods falling by 3.7%, capital goods by 1.6%, energy by 0.6%, non-durable consumer goods by 0.4% and intermediate goods by 0.1%. Among Member States for which data are available, the largest decreases in industrial production were registered in Denmark (-8.1%), Germany (-1.9%) and Greece (-1.8%), and the highest increases in Sweden (+7.6%), Ireland (+6.4%) and Estonia (+5.2%)

The increase of 1.2% in industrial production in the euro area in September 2016, compared with September 2015, is due to production of non-durable consumer goods rising by 1.9%, intermediate goods by 1.3%, capital goods by 1.2% and energy by 0.7%, while production of durable consumer goods fell by 0.2%.

In the EU28, the increase of 1.2% is due to production of intermediate goods rising by 1.6%, capital goods by 1.5%, durable consumer goods by 0.9% and non-durable consumer goods by 0.8%, while production of energy fell by 0.1%. Among Member States for which data are available, the highest increases in industrial production were registered in Lithuania (+7.9%), Slovenia (+7.4%) and Estonia (+6.5%). Decreases were registered in Denmark (-3.2%), France (-1.0%) and Ireland (-0.9%).

Source: InCyprus