Visit me on Seeking Alpha where I publish exclusive articles.

Friday, 14 December 2012

Details on the Poor Industrial Production numbers in Europe

As reported, the industrial production numbers in Europe and the euro area as of October were poor. Digging a bit further into the numbers per country/area reveals that on a YoY percentage change basis, only 12 countries reported an increase in industrial production for the month with Lithuania, Slovakia and Malta reporting the biggest increases. Mean while, 19 countries reported a decline in industrial production for the month compared to October last year.


Based on a 12 month smoothed YoY percentage change basis, the table looks like this, with Slovakia, Latvia and Poland showing the highest growth while Hungary, Belgium and Cyprus reporting the biggest declines.



In a historical perspective, the industrial production index values as of October show that all countries/areas in Europe reported numbers which are below the all-time high numbers (Max) with Romania delivering numbers close to its all-time high. Spain, Cyprus and Greece are the farthest from their all- time highs with the industrial production figures for Greece being a significant 29.5% below its all-time high. The euro area current index value of 93.12 is 13.5% below its all-time high and 2.5% below its average since 1999.

 

No comments:

Post a Comment