May 16, 2023

In March 2023, the seasonally adjusted industrial production decreased by 4.1% in the euro area and by 3.6% in the EU, compared with February 2023, according to estimates from Eurostat, the statistical office of the
European Union. In February 2023, industrial production increased by 1.5% in the euro area and by 1.4% in the EU.

In March 2023 compared with March 2022, industrial production decreased by 1.4% in the euro area and by 1.3% in the EU.

Monthly comparison by main industrial grouping and by Member State

In the euro area in March 2023, compared with February 2023, production of capital goods fell by 15.4%, intermediate goods by 1.8%, energy by 0.9% and non-durable consumer goods by 0.8%, while production of durable consumer goods rose by 2.8%.

In the EU, production of capital goods fell by 12.9%, intermediate goods by 1.6%, non-durable consumer goods by 1.3% and energy by 1.0%, while production of durable consumer goods rose by 2.0%.

Among Member States for which data are available, the largest monthly decreases were registered in Ireland (-26.3%), Sweden (-3.9%) and Germany (-3.1%). The highest increases were observed in Finland (+3.0%), Slovenia (+2.3%), Czechia and Slovakia (both +1.7%).

Annual comparison by main industrial grouping and by Member State

In the euro area in March 2023, compared with March 2022, production of energy fell by 6.1%, intermediate goods by 4.7%, capital goods by 2.1% and durable consumer goods by 0.8%, while production of non-durable consumer
goods rose by 6.8%.

In the EU, production of energy fell by 9.1%, intermediate goods by 5.6% and durable consumer goods by 3.1%, while production of capital goods rose by 0.4% and non-durable consumer goods by 7.1%. Among Member States for which data are available, the largest annual decreases were registered in Ireland (-26.1%), Lithuania (-16.6%) and Estonia (-12.6%). The highest increases were observed in Malta (+12.5%), Denmark (+8.9%) and Spain (+5.6%).

Source: Eurostat
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.