According to seasonally adjusted data, industrial production in the EU increased by 0.5% m-o-m, but fell by 2% y-o-y. In the Eurozone, the situation was slightly more pronounced, with industrial production falling by 0.6 per cent month-on-month and by 3 per cent year-on-year.
Among member states, Denmark (10.4%), Greece (7%) and Poland (6.7%) showed the highest monthly increases in April, while Luxembourg (6.7%), Latvia (4.9%) and Ireland (3.4%) recorded the largest declines. According to Eurostat, industrial production in the Eurozone increased the most in Denmark (17.4%), Greece (10.8%) and Slovenia (7.4%). Ireland (15.7%), Latvia (7.8%) and Finland (6.8%) recorded the largest decreases compared to April 2023.
In the field of energy production, the Eurozone recorded a monthly increase of 0.4% in April 2024, but a year-on-year decrease of 1.1%. In the EU, energy production increased by 0.3% month-on-month and decreased by 0.9% year-on-year.
On the other hand, production in the construction sector decreased by 0.1% in the EU in March 2024 compared to the previous month, while it decreased by 0.7% compared to the same period last year.
While these fluctuations in the industrial and energy sectors in the Eurozone and the EU reflect the complexity of regional and sectoral economic performance, it is important to effectively manage economic policies and maintain sectoral balances.
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