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Industrial production continued to expand in the Eurozone in March

Seasonally adjusted industrial production increased by 0.4% in the Eurozone (EA13) 1 in March 2007 compared with February 2007.

Production rose by 0.5% in February and fell by 0.6% in January. In the EU27 output gained 0.5% in March, after an increase of 0.4% in February and a decrease of 0.5% in January. In March 2007 compared with March 2006, industrial production rose by 3.7% in the Eurozone and by 3.9% in the EU27. These estimates are released by Eurostat, the Statistical Office of the European Union.

Monthly comparison
In March 2007 compared with February 2007 production of non-durable consumer goods increased by 0.7% in both the Eurozone and the EU27. Intermediate goods rose by 0.5% in both zones. Production of energy grew by 0.5% in the Eurozone and by 0.4% in the EU27. Capital goods remained stable in the Eurozone and gained 0.1% in the EU27. Durable consumer goods fell by 0.2% in the Eurozone, but rose by 0.4% in the EU27. In March 2007, and among the Member States for which data are available, industrial production rose in thirteen Member States, fell in six and remained stable in Bulgaria and the Netherlands. The highest increases were registered in Denmark (+2.6%), Portugal (+2.5%) and Slovenia (+2.1%), while the largest decreases were recorded in Latvia (-5.1%), Ireland (-2.3%) and Greece (-0.7%).

Annual comparison
In March 2007 compared with March 2006, production of capital goods increased by 6.4% in the Eurozone and by 7.0% in the EU27. Intermediate goods grew by 6.4% and 6.5% respectively. Durable consumer goods gained 4.0% in the Eurozone and 4.8% in the EU27. Non-durable consumer goods rose by 3.1% and 2.5% respectively. Production of energy fell by 7.3% in the Eurozone and by 6.1% in the EU27. In March 2007, and among the Member States for which data are available, industrial production rose in seventeen Member States and fell in four. The highest increases were registered in Poland (+13.6%), Slovakia (+12.6%), Slovenia (+11.5%) and Bulgaria (+10.0%), while decreases were recorded in Latvia (-8.5%), Lithuania (-4.8%), the Netherlands (-2.0%) and Finland (-0.8%).

The Eurozone (EA12) consisted of 12 Member States up to 31 December 2006: Belgium, Germany, Greece, Spain, France, Ireland, Italy, Luxembourg, the Netherlands, Austria, Portugal and Finland. From 1 January 2007 the Eurozone (EA13) also includes Slovenia.

Up to 31 December 2006 the European Union (EU25) included: Belgium, the Czech Republic, Denmark, Germany, Estonia, Greece, Spain, France, Ireland, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Slovenia, Slovakia, Finland, Sweden and the United Kingdom. From 1 January 2007 the European Union (EU27) also includes Bulgaria and Romania. (finfacts.com)