{"id":353119,"date":"2024-04-15T12:58:54","date_gmt":"2024-04-15T10:58:54","guid":{"rendered":"https:\/\/www.eunews.it\/2024\/04\/15\/produzione-industriale-ue-lieve-crescita\/"},"modified":"2024-04-18T12:33:49","modified_gmt":"2024-04-18T10:33:49","slug":"industrial-production-in-the-eu-grows-0-7-percent-month-on-month-in-february-but-it-is-down-on-a-year-ago","status":"publish","type":"post","link":"https:\/\/www.eunews.it\/en\/2024\/04\/15\/industrial-production-in-the-eu-grows-0-7-percent-month-on-month-in-february-but-it-is-down-on-a-year-ago\/","title":{"rendered":"Industrial production in the EU grows 0.7 percent month-on-month in February. But it is down on a year ago"},"content":{"rendered":"<p>Brussels &#8211; <strong>In February, industrial production grew both within the euro area and in the EU\u00a0on a monthly basis<\/strong>. The European Statistical Survey, <a href=\"https:\/\/ec.europa.eu\/eurostat\/en\/web\/products-euro-indicators\/w\/4-15042024-AP\" target=\"_blank\" rel=\"noopener\"><strong>Eurostat<\/strong>, reported in a report<\/a> released today (April 15), found a <strong>0.7 percent increase for EU countries and a 0.8 percent increase for states adopting the Euro<\/strong>. The figures, while up from January, remain <strong>negative when compared\u00a0to the same period in 2023<\/strong>: -6.4 percent for the eurozone and -5.4 in the twenty-seven states as a whole.<\/p>\n<p>Consumer durables drove industrial production in February: <strong>+1.7 in the EU and +1.4 in the eurozone,<\/strong> as well as capital goods, with growth of 1 percent in the EU and 1.2 among those adopting the euro. Production of consumer non-durable goods and energy products was negative, with the latter down 3 percent in the euro countries and 3.3 within the EU.<\/p>\n<p>At the state level, the highest monthly increases were recorded in Ireland (+3.8 percent), Hungary (+3.5 percent) and Slovenia (+3.3 percent). By contrast, the largest decreases were observed in Croatia (-4.6 percent), Lithuania (-3.0 percent) and Belgium (-2.7 percent).<\/p>\n<p>When comparing\u00a0February 2024 with February 2023,\u00a0 <strong>Ireland saw the sharpest drop in industrial production,<\/strong> down 36 percent, followed by Belgium with a 12.7 percent drop. The picture is complicated for the EU, where only ten states are growing. The best result comes from Spain with +3.5 percent.<\/p>\n<p>A weak monthly growth, but one that bodes well. It could be the &#8220;beginning of an industrial turnaround,&#8221; said<strong> Rory Fennessy<\/strong>, senior eurozone economist at Oxford Economics: &#8220;A reduction in wholesale energy prices should support a gradual recovery in industrial output growth throughout 2024.&#8221; Combined with &#8220;looser monetary policy, (this) should provide a more pronounced positive impact in 2025,&#8221;\u00a0<a href=\"https:\/\/www.sharecast.com\/news\/international-economic\/eurozone-industrial-production--16597900.html\" target=\"_blank\" rel=\"noopener\">Fennessy told ShareCast<\/a>.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Eurostat data. Also up among Eurozone countries, but figures compared to 2023 remain negative:  Spain posts sharpest rise, Ireland most pronounced drop.<\/p>\n","protected":false},"author":7870,"featured_media":225046,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"episode_type":"","audio_file":"","podmotor_file_id":"","podmotor_episode_id":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"1","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"0","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"0","show_post_related":"1","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[25705],"tags":[26106,26105,27570],"class_list":["post-353119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-dati-eurostat-en","tag-production-industrial-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/353119","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/users\/7870"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/comments?post=353119"}],"version-history":[{"count":4,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/353119\/revisions"}],"predecessor-version":[{"id":353161,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/353119\/revisions\/353161"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/media\/225046"}],"wp:attachment":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/media?parent=353119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/categories?post=353119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/tags?post=353119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}