“EU Industrial Production Sees Falls and Rises: Malta, Denmark, and Spain See Biggest Increases”

The fall in March on an annual basis was registered in 18 EU member states for which information is available, but it was faster than in Latvia in Ireland (-26.1%), Lithuania (-16.6%), Estonia (-12.6%) and Bulgaria (- 9%).

Meanwhile, the biggest increase in this period was recorded in Malta (+12.5%), Denmark (+8.9%) and Spain (+5.6%).

At the same time, the average output of industrial production in EU member states decreased by 1.3% in March compared to the corresponding month a year ago, and by 1.4% in the eurozone.

On the other hand, compared to the previous month – February – the output of industrial production decreased by 3.6% in the EU in March, and by 4.1% in the eurozone.

Compared to the previous month, the output of industrial production decreased in 16 countries, the sharpest decline was in Ireland (-26.3%), Sweden (-3.9%) and Germany (-3.1%), while the largest increase was registered in Finland (+3%) ), Slovenia (+2.3%), as well as the Czech Republic and Slovakia (+1.7% in both countries). In Latvia, industrial output decreased by 1%, in Estonia it decreased by 0.9%, and in Lithuania it increased by 0.9%.

Neither yearly nor monthly data is available for Cyprus.