Monday, March 14, 2016

positive signals by the European industry, production jumped in January – The Republic

MILAN – After two months of minus sign, can breathe the Eurozone industrial production which in fact leaps to the highest since the outbreak of the great crisis. According to Eurostat data, in January, industrial production in the 19 countries that share the single currency returned to growth registering an average 2.1% more than the previous month. In Italy, the increase was 1.9%. Compared with January 2015, the increase in Eurozone industrial production was on average 2.8% while in Italy was 3.9%. In the EU 28, the figure was up 1.7% on a monthly basis and 2.5% on an annual basis.

These are numbers that exceed analysts’ expectations: those of Intesa Sanpaolo wrote in their morning note it expected a 1.8% monthly.


positive signals by the European industry,  production jumped in January

The recovery of industrial production Eurozone (purple) and in the EU-28 (black)


Eurostat data shows the boom recorded by Ireland, which has suffered a drastic austerity cure based on tied aid received by the EU to overcome the crisis and came out with a leap of GDP last year, more than seven percentage points. In January, the Irish factories have been working flat out with a + 12.7% of production, the best result within the Eurozone and also in the EU to 28. Compared with January 2015, Ireland has thus made sign a record increase of 42.7%. Behind Ireland were placed, according to figures compiled by Eurostat in January over December, Estonia (+4.9), Croatia (+3.2) and Germany (+2.9). negative trend instead for Malta (-5), Romania (-2.3) and Finland (-2.1).

Arguments:
industrial production
industry
eurozone
economic crisis
Starring:
LikeTweet

No comments:

Post a Comment