Industrial production up 2.7 percent on the year in 2015

Newsroom 12/02/2016 | 18:24

Industrial production rose by 2.7 percent in 2015 as gross series compared to 2014, reports the National Institute for Statistics (INS). This was supported by manufacturing (+3.5 percent) and the electricity, gas, steam and air conditioning supply (+1.3 percent), while mining and quarrying dropped 12.5 percent.

Compared to the same month of the previous year, industrial production increased by 4 percent in gross series and 2.2 percent as adjusted series by number of working days and seasonality.

Across the EU bloc, according to data from Eurostat, average industrial production for the year 2015 rose by 1.7 percent over 2014. Year on year, in December 2015 industrial production decreased by 0.8 percent.

In the EU, the decrease of 0.8 percent was due to production of energy falling by 5.7 percent and capital goods by 1.4 percent, while production of intermediate goods rose by 0.1 percent, non-durable consumer goods by 1.4 percent and durable consumer goods by 1.5 percent.

Among member states for which data are available, the largest decreases in industrial production were registered in the Netherlands (9.4 percent), Estonia (8.8 percent) and Germany (2.3 percent), and the highest increases in Ireland (18.5 percent), Hungary (6.9 percent) and Malta (5.7 percent).

The euro area also saw a 1.4 percent increase on the year, while in December 2015, as compared to the same month of the previous year, it dropped 1.3 percent.

Natalia Martian

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