INDUSTRIAL OUPUT JULY 2007

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EN FRANCAIS

INDUSTRIAL OUPUT JULY 2007: FRANCE, EURO AREA & EU 27

Compared with the Euro area’s output index at 111.73 in JULY , France’s 104.8 still lagged behind while Finland’s 120.20 ranked the highest. Germany’s production index at 118.40 ranked second. Provisional figures for Ireland and Luxembourg respectively stood at 155.30 and 120.46 East European member states output indices stood at record numbers with Lithuania’s 195.40 taking the lead followed by Estonia’ 182.60 and Slovenia’s provisional 133.80

Source: Eurostat

In one year, the Euro area’s output index increased +3.7% and France’s +4% edged closer to Germany’s +5.3% compared with previous periods. Slovakia’s provisional 18.9% production increase ranked first among East European member states followed by Lithuania’s 12.2%. Among Nordic countries, Finland’s output recorded a slow down +0.5% compared with an average +4% in previous months, Sweden’s grew +6%, Norway’s +3% while Denmark’s fell -0.4%

Capital Goods and Intermediate Goods outputs weighted heavily in overall industrial production indices: Finland’s leadership in Capital Goods output with an index at 141.80 superbly over performed the Euro area’s 119.70 due to its vibrant shipyard activities along with electric and electronic equipments. Sweden‘s, a non Euro area member stood at 145.90 and Denmark at 135 France’s output stood at 111.10

As with overall output, East European member states recorded skyrocket production figures: Lithuania’s 350.70 output index along with the Czech Republic’s 241.14 and Estonia’s 239.20, Finland’s closest neighbor, dwarfed the Euro area’s average.

As regards Intermediate Goods, Germany’s 123.10 left the Euro area’s 112.7 index far behind. France’s stood at 100.7 Nordic countries recorded strong production indices led by Denmark’s 118 Finland’s 112.7 Sweden’s 108 and Norway 105.4

In one year, the Euro area’s Capital Goods output index rose +6.5% Germany’s +7.8% and France’s +6.9% Sweden’s increased the strongest +14.3% out of Nordic countries (Finland +4.1% Norway and Denmark each +11%) Slovakia’s provisional +33% took the lead out of the EU 27 along with Lithuania’s +28.5%

Source: Eurostat

Intermediate Goods production recorded similar performances : the Euro area’s index rose an estimate +3.6% Germany’s +6.5% and France’s +3.7% Ireland’s provisional +14.4% increase ranked first following three consecutive massive output gaps against the previous year (-16.6% in June -19.5% in May and -5.8% in April) Finland’s output stayed nearly stable or -0.1% Sweden’s rose +6.6% Norways’+4.5% and Denmark’s +4.1% Lithuania’s +14.9% and the Czech Republic’s +7.6% outperformed all other member states.

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3last updated on March 13, 2008 Hosted by AMEN.FR