“The EU record drop in industrial production is also due to production in stock in the past few months, which impacts on future production. I do not know if we can talk about a long-term trend or a temporary index,” the Director of NGO Applied Economy Group (GEA), Liviu Voinea, told Business Standard.
Other countries with low industrial production are Estonia (a 1.2 percent drop) and Ireland (0.7 percent drop), while Bulgaria’s production has risen more than 4 percent, significantly higher than the EU average of 0.7 percent, and the euro-zone average of 1 percent.
The most significant rises in production were registered for intermediary goods and energy production (0.3 increase each in June, compared to May, at the EU level). The production of durable consumer goods dropped 0.1 percent in the euro-zone, but rose 0.9 percent in the EU, on average. Non-durable consumer goods production dropped 0.3 percent in the euro-zone and 0.2 percent in the EU.
According to data available in Eurostat’s report, output rose in 12 member states, dropped in eight member states and remained unchanged in Portugal. Besides Bulgaria, other countries with higher industrial production are the Netherlands (2.9 rise) and Slovenia (2.5 rise).
