The index for utilities fell 7.5 percent in February because of warmer-than-typical temperatures. At 102.3 percent of its 2017 average, total industrial production in February was 0.2 percent below its year-earlier level. Capacity utilization for the industrial sector remained at 78.3 percent in February, a rate that is 1.3 percentage ig group review points below its long-run (1972–2023) average. Before data collection could begin, it was necessary to draw up a common list of products to be covered. Industrial production statistics collected within PRODCOM serves as one of the data sources used in several policy areas of the European Commission and national administrations.

1. The production of tennis and badminton rackets dropped by half in 2021 and 2022 compared with the previous years.
2. Similarly, within materials, all market groups posted gains except energy materials, the output of which fell 0.2 percent.
3. Despite its name the industrial production index is not intended to measure production but should – in theory – reflect the development of value added in the different branches of industry.

The price has been moving slightly up and down in the last decade from €1.50 per kg to maximum €1.71 in 2021. Despite its name the industrial production index is not intended to measure production but should – in theory – reflect the development of value added in the different branches of industry. This means that the inputs obtained by one branch from another must be deducted from its gross output.

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According to the terms of the Prodcom Regulation, Cyprus, Luxembourg and Malta have derogations not to provide Prodcom data to Eurostat because of their size; as such there is no data for these three Member States in the database. Make the best decisions about the future of your business with the most reliable economic intelligence. It is published in the middle of every month by the Federal Reserve Board (FRB) and reported on by the Conference Board, a member-driven economic think tank. The FRB also releases revisions to previous estimates at the end of every March.

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It is used to identify turning points in the economic development at an early stage and to assess the future development of GDP. In order to serve this purpose it is available on a monthly basis in a detailed activity breakdown and with a rather short delay (1 month and 10 days). The industrial production index is one of the so-called 'Principal European economic indicators (PEEI)' which are used to monitor and steer economic and monetary policies in the EU and in the euro area. An exception is the index for consumer goods, which declined 1.4 percent, driven almost entirely by a utilities-related decrease of 8.6 percent in the index for consumer energy.

Industrial production statistics

The manufacturing of food, beverages and tobacco activities generated 35% of the value of sold production in Greece. Croatia followed it with 28 %, Spain and Netherlands each with 27 % and Denmark with cryptocurrency broker canada 24 % of the country's total value of sold production. Table 1 shows a breakdown of the general development of the main industrial groupings and the industry groups in more detailed NACE divisions.

Main Economic Indicators, Volume 2023 Issue 11

The analysis that follows refers to the division breakdown (first 2-digit level) of the Statistical classification of economic activities in the European Community (NACE). High capacity utilization, on the other hand, can act as a warning that the economy is overheating, suggesting the risk of price rises and asset bubbles. Policymakers could react to those threats with interest rate rises or fiscal austerity. Alternatively, they could let the business cycle take its course, likely resulting in an eventual recession. The results are detailed at four-digit level of the Statistical classification of economic activities in the European Community (NACE).

This group includes industrial production and a selection of tourism indicators. The Prodcom Regulation is designed to enable these national statistics to be compared and, where possible, aggregated to give a picture of the developments of an industry or product in the European context. This aim became more urgent with the creation of the single market in 1992 and the statistical system had to adapt. Figure 2 shows the share of the EU's value of sold production, by individual EU Member States in 2022. Germany recorded the highest value of sold production, equivalent to 26 % of the EU total, followed by Italy (19 %), France (11 %), Spain (8 %), Poland (6 %) and the Netherlands (4 %). The other 22 EU Member States contributed with smaller shares (less than 4 %).

The industrial production index (abbreviated IPI and sometimes also called industrial output index or industrial volume index) is a business cycle indicator which measures monthly changes in the price-adjusted output of industry. This article takes a look at the industrial production index as it is calculated in the European Union (EU) trade99 review as well as in some EFTA and candidate countries. Industrial production edged up 0.1 percent in February after declining 0.5 percent in January. In February, the output of manufacturing rose 0.8 percent and the index for mining climbed 2.2 percent. Both gains partly reflected recoveries from weather-related declines in January.