Bulgaria Sees EU's Largest Annual Industrial Production Increase in January 2013

Bulgaria's industrial production increased by 8.0% in January 2013 compared with January 2012, according to Eurostat. Bulgaria and Lithuania registered the highest growth among all EU member states for which data are available (+8.0%), followed by Estonia (+5.5%).

In January 2013 compared with January 2012, production of durable consumer goods fell by 5.5% in the euro area and by 4.3% in the EU27.Intermediate goods dropped by 3.1% and 3.4% respectively. Capital goods decreased by 2.6% in both zones. Production of energy increased by 0.9% in the euro area and remained stable in the EU27.

Non-durable consumer goods rose by 3.1% and 2.2% respectively. Among the Member States for which data are available, industrial production fell in eleven and rose in seven. The largest decreases were registered in Sweden (-5.9%), Finland (-5.4%), Greece and Spain (both -5.0%).

In January 2013 compared with December 2012, production of durable consumer goods fell by 1.4% in the euro area and by 0.4% in the EU27. Capital goods decreased by 1.2% in both zones. Production of energy dropped by 1.0% in the euro area and by 1.2% in the EU27. Intermediate goods rose by 0.1% in the euro area and fell by 0.1% in the EU27. Non-durable consumer goods increased by 0.9% and 1.3% respectively.

Among the Member States for which data are available, industrial production fell in nine and rose in nine. The largest monthly decreases were registered in Finland (-4.1%), Luxembourg (-3.8%) and Latvia(-3.5%), and the highest increases in Lithuania (+4.4%), Denmark (+4.3%) and Portugal (+3.5%).

Source: novinite.com