Analiza economica UE 2011

8/2/2019 Analiza economica UE 2011

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20 1 1 edition

Quarterly Panoramaof European business statistics

S t a t i s t i c a l b o o k s

ISSN 1725-485X

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S t a t i s t i c a l b o o k s

Quarterly panoramaof European business statistics4 - 20 11


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Europe Direct is a service to help you find answers to your questions about the European Union.

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Luxembourg: Publications Office of the European Union, 2011

ISSN 1725-485XCat. No KS-DL-11-0 0 4 -EN-N

Theme: Industry, trade and servicesCollection: Statistical books

European Union, 2011Reproduction is authorised provided the source is acknowledged.
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Te Quarterly panorama o European business statistics has the objective o urnishing readerswith an instrument which will allow them to ollow the evolution o short-term economic trends inrelation to the business sector o the economy (as de ned by NACE Rev. 2 Sections B to N).

Tis is the ourth edition o the publication in 2011; it is produced by Eurostat Unit G3 - responsibleor short-term business statistics (S S). Te publication is released on a regular, quarterly basis.

Te S S database is based on the NACE Rev. 2 classi cation and the base year or indices is currently 2005=100. Te classi cation (NACE Rev. 2) has been modernised by introducing new detail tore ect di erent orms o production and emerging industries. Te detail o the classi cation hassubstantially increased in service-producing activities. NACE Rev. 2 provides a better picture o theoverall economy and acilitates international comparisons.Te publication ollows the structure o the S S Regulation, inso ar as it presents a selection o key indicators or industry, construction, retail trade and other services. Among the most importantindicators are a set o Principal European Economic Indicators (PEEIs) that are essential to theEuropean Central Bank or reviewing monetary policy within the euro area.

Data sources are included under each table and graph throughout the publication. Te codesthat may be ound as part o the source have been introduced to allow readers to easily access themost recent data on Eurostats website. By clicking on these hyper-links in the PDF version o thepublication, users are led directly to the relevant table on Eurostats website. Te links open completedata sets in a web browser using Eurostats Data Explorer application. Note that the data on thewebsite is requently updated and may also be more detailed or be available in a variety o di erent

measurement units (these can be modi ed by using the Select Data tab in the application).Editors-in-chie :

Ulrich Eidmann,e-mail:[email protected] Jaegerse-mail:[email protected],Btiment Joseph Bech,L-2721 Luxembourg

Data processing:

Digna Amil, Anastassios Giannoplidis, Enrico In ante, Carmen Lipp-Lingua, Liselott hman,Jane Scho eld, Sarmite Visocka

Production, desktop publishing:

INFORMA srl

Giovanni Albertone, Simon Allen, Andrew Redpath

Te opinions expressed in this publication are those o the individual authors alone and do notnecessarily re ect the position o the European Commission.

For more in ormation on the activities o Eurostat, please consult the Internet at the ollowingaddress:

http://ec.europa.eu/eurostat

Data extracted: 23-11-2011
mailto:[email protected]:[email protected]://ec.europa.eu/eurostathttp://ec.europa.eu/eurostatmailto:[email protected]:[email protected]


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2 Quarterly panorama of European business statistics issue 4-2011

Table o contents

1. Newsletter 5

Industry - index o production 6Industry - index o new orders 8Industry - indices o employment, hours worked and wages and salaries 8Industry - index o output prices 9Construction - index o production 11Construction - indices o employment, hours worked and wages and salaries 11Construction - indices o construction costs and number o permits 12Retail trade - index o the volume o sales 13Services - index o turnover 13Services - index o employment 14

Services - index o services prices 162. Industry 17

Index o production - total industry 18Index o production - main industrial groupings 21Index o production - or the Member States 26Index o production - by activity 29New orders - total new orders 51New orders - domestic new orders 54New orders - non-domestic new orders 55New orders - or the Member States 56New orders - total new orders by activity 59Labour input - index o employment 66Labour input - index o hours worked 68Labour input - index o gross wages and salaries 70Labour input - main industrial groupings 72Labour input - or the Member States 82Labour input - index o employment by activity 85Labour input - index o hours worked by activity 90Labour input - index o gross wages and salaries by activity 95Output prices - domestic output prices or total industry 100

Output prices - total output prices or total industry 103Output prices - non-domestic output prices or total industry 104Output prices - domestic output prices or main industrial groupings 105Output prices - or the Member States 110Output prices - domestic output prices by activity 113Import prices 135


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3. Construction 141

Index o production 142Index o new orders 146Indices o employment, hours worked and wages and salaries 147Index o construction costs 149Index o building permits 150

4. Services 153

Overview o services activities 154Indices o turnover & employment - motor trade 157Indices o turnover & employment - wholesale trade 158Indices o turnover & employment - retail trade 159Index o volume o sales - retail trade 160Index o employment - retail trade 169Indices o turnover & employment - transportation and storage 171Indices o turnover & employment - accomodation and ood services 174Indices o turnover & employment - in ormation & communication 175Indices o turnover & employment - pro essional, scienti c and technical activities 178Index o turnover - legal and accounting activities;architectural and engineering activities; technical testing and analysis 179Index o turnover - advertising and market research;other pro essional, scienti c and technical activities 180

Indices o turnover & employment - administrative and supporting service activities 181Index o turnover - employment activities; travel agency,tour operator reservation services and related activities 182Index o turnover - security and investigation activities;o ce administrative, o ce support and other business support activities 183Indices o output prices or services 184

5. Methodological notes 187


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Readers may be interested to learn that a set o main tables are available or S S on the Eurostat website. Tese cover someo the key short-term business statistics across the whole o the business economy. Te data is automatically updated romthe latest in ormation available within Eurostat databases. Te indicators are divided according to the annexes o the short-term statistics regulation (S S-R).

In order to access these tables use the ollowing link:http://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tables
http://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tables


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http://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tables


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while the reduction in activity was around20 % in Bulgaria, Italy and Finland. In contrast,industrial production had returned to its pre-crisis level in Ireland, Austria and Romania,and was higher than be ore the crisis in Slovakia(4.1 %), Belgium (5.6 %) and Poland (12.7 %).

Te slowdown in industrial activity in September2011 was evident or each o the main industrialgroupings (MIGs). Seasonally adjusted indiceso production in the EU-27 ell at a relatively modest pace (-0.3 %) or the manu acture o consumer non-durables between August andSeptember 2011, while the declines or energy-related activities (-1.2 %), and the manu actureo intermediate goods (-1.7 %) and consumerdurables (-1.9 %) were similar in magnitudeto the overall losses recorded or the whole o industry; by ar the largest contraction in activity was posted or the manu acture o capital goods(-3.0 %). Almost hal o the overall reduction inEU-27 industrial output in September 2011 couldbe accounted or by the manu acture o capitalgoods, while the manu acture o intermediategoods (which is the largest o the MIGs) accounted

or just over a third o the decline.

Te downturn in EU-27 activity in September2011 was apparent or almost all industrialactivities, as the manu acture o beverages

(NACE Rev. 2 Division 11) and the manu actureo tobacco products (Division 12), were theonly NACE divisions to record an expansion inactivity, 3.1 % and 1.9 % respectively. Tere was aconsiderable reduction in output or most miningand quarrying activities (Divisions 05, 07 and 08),as well as or the manu acture o motor vehicles(Division 29) and machinery and equipment(Division 28); each o these activities saw theiroutput decline by an amount between 3.2 % and5.2 %. In the euro area, industrial output rose or just our NACE divisions in September 2011, withan expansion in activity or the mining o metalores (Division 07), the manu acture o beverages,the extraction o crude petroleum and naturalgas (Division 06) and the manu acture o othertransport equipment (Division 30).

Tere were eight Member States that reportedgrowth o at least 1.0 % in their seasonally adjusted indices o production or total industry between August and September 2011 and thesewere mainly in central and eastern Europe;

Industry

Index o production

Having grown during the summer months o July and August 2011, the EU-27s seasonally adjustedindex o total industrial output ell in September2011 by 1.3 % when compared with the monthbe ore, while the corresponding rate or the euroarea saw output alling at a aster pace, down by 2.2 %.

EU-27 industrial output remained 8.8 % lower inSeptember 2011 than it had been at its peak (inApril 2008) prior to the nancial and economiccrisis. Latest gures show that industrial outputwas approximately 25 % lower than it had beenprior to the crisis in Spain, Cyprus and Greece,

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-2

-1

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2

06-11 07-11 08-11 09-11

EU-27 Euro area

Figure 1.1: Index o production or total industry(excl. construction), seasonally adjusted, growth ratescompared with previous month (%)

Source: Eurostat ( online data code: sts_inp rgr_m )

06-11 07-11 08-11 09-11

Intermediate goods -0.9 0.7 1.2 -1.7Capital goods -1.6 2.7 1.9 -3.0Consumer durables -1.5 2.5 -0.5 -1.9Consumer non-durables -0.5 -0.3 1.0 -0.3Energ 1.0 -0.5 0.8 -1.2

Table 1.1: Index o production, seasonally adjusted,growth rates compared with previous month, EU27 (%)


80

90

100

110

120

09-1109-1009-0909-0809-0709-06

Total industry Intermediate goodsCapital goods Consumer durablesConsumer non-durables Energy

Figure 1.2: Index o production, trend cycle, EU27 (2005=100)

Source: Eurostat ( online data code: sts _inpr_m )
http://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/main_tableshttp://epp.eurostat.ec.europa.eu/portal/page/porta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there was no change in output in the UnitedKingdom. A downturn in industrial activity wasapparent or just over hal (14) o the EU MemberStates in September 2011; the largest declines inindustrial production (compared with the monthbe ore) were posted by Estonia (-10.9 %), Portugal(-5.8 %) and Italy (-4.8 %). However, the relativesize o the German industrial economy meantthat it accounted or almost hal o the totalreduction in EU-27 output that was registered inSeptember 2011, while more than one third o thedecline could be attributed to Italy and almostone seventh to France.

EU-27 industrial activity in September 2011 wasabove its level o a year be ore, on the basis o acomparison o working day adjusted indices;the index o production or total industry was2.3 % higher in both the EU-27 and the euroarea. Across the EU Member States there was aconsiderable di erence in the development o industrial output between September 2010 andSeptember 2011. Relatively high growth rates (inexcess o 5 %) were recorded or Germany as wellas several Member States in central and northernEurope, including all o the Baltic States, Poland,Slovakia, Sweden, Austria and Romania. Incontrast, industrial output was lower than it hadbeen a year be ore in nine o the Member States,this group was mostly composed o countries

rom southern Europe, but also included Finland,Denmark and the United Kingdom. Te biggestdecline in activity was posted in Cyprus (-15.7 %),while output ell by 2.7 % in Italy, 2.3 % in Greece,2.2 % in Denmark, 2.0 % in Portugal, 1.8 % inSpain and 1.7 % in Malta.

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-8

-4

0

4

BE BG CZ DK DE EE IE EL ES FR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK

Growth EU-27 average

Figure 1.3: Index o production, total industry (excl. construction), seasonally adjusted,growth rates compared with previous month, 92011 (%) (1)

(1) Cyprus and Austr ia, 082011.Source: Eurostat ( online data code: sts_inp rgr_m )

-8

-6

-4

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0

2

06-11 07-11 08-11 09-11

EU-27 Euro area

Figure 1.4: Index o total new orders received ormanu acturing industries working on orders, seasonallyadjusted, growth rates compared with previous month (%)

Source: Eurostat ( online data code: sts_inn ogr_m )

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-4

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-1

0

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06-11 07-11 08-11 09-11

EU-27 Euro area

Figure 1.5: Index o total new orders received ormanu acturing industries working on orders(excl. heavy transport equipment), seasonally adjusted,growth rates compared with previous month (%)

Source: Eurostat ( online data code: sts_inn ogr_m )
http://ec.europa.eu/eurostat/product?code=sts_inprgr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inprgr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_innogr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_innogr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_innogr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_innogr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_innogr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_innogr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inprgr_m&mode=view


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Index o new orders

Te seasonally adjusted index o total new ordersor manu acturing industries working on orders

in the EU-27 ell or the ourth consecutive monthin September 2011. Te latest gures also markedthe most sizeable reduction in new orders duringthis our-month period, as orders ell by 2.3 % inthe EU-27 and 6.4 % in the euro area. Domesticnew orders in the EU-27 ell by 6.9 % betweenAugust and September 2011, while the reduction

or non-domestic new orders was about hal thislevel (-3.3 %).

Among those countries or which data areavailable (all except Belgium and Cyprus), therewas an almost equal split in the number o

Member States that reported an expansion in neworders and those that recorded a weakening o order books. O the 12 that recorded an increasein orders, the highest rates o growth (over 3 %)were registered in Denmark, Latvia, Poland, theCzech Republic and Ireland, while six centraland eastern Member States and the Netherlandsalso reported positive rates. In contrast, thebiggest contractions in new orders was recordedin Italy (-9.2 %) and Estonia (-9.1 %); there were

also considerable reductions or the other majorEU economies: France (-6.2 %), Spain (-5.3 %),Germany (-4.4 %) and the United Kingdom(-1.9 %).

Each o the 12 NACE Rev. 2 divisions or whichin ormation on new orders are compiled reporteda reduction in total new orders received betweenAugust and September 2011. Seasonally adjustednew orders ell by 43.7 % in the EU-27 or themanu acture o other transport equipment(Division 30) and by 6.5 % or the manu actureo electrical equipment (Division 27) and 4.0 %

or the manu acture o basic metals (Division 24).Te losses or the other industrial activities weregenerally within the range o -1 % to -3 %, aside

or the manu acture o chemicals and chemicalproducts (Division 20), where there was littlechange (-0.4 %).

Indices o labour input

Te EU-27 seasonally adjusted index o employment or total industry (excludingconstruction) increased by 0.3 % in the secondquarter o 2011 (compared with the previousquarter); this was the rst time there had beenthree consecutive quarters o growth since thesecond quarter o 1998. Finland (1.8 %, thirdquarter o 2011) and Lithuania (1.7 %, secondquarter o 2011) reported the highest increasesin employment within their respective industrialeconomies, while positive developments werealso recorded in another 13 Member States (noin ormation or Italy or the Netherlands). At theother end o the range, the index o the numbero persons employed ell in Ireland (-2.1 %) andCyprus (-0.9 %) in the second quarter o 2011 andSpain (-1.0 %), Bulgaria (-0.7 %) and Portugal(-0.5 %) in the third quarter o 2011.

-15

-10

-5

0

5

10

15

20


Domestic new orders (1) Non-domestic new orders (2)

Figure 1.7: Manu acturing industries working on orders, seasonally adjusted,growth rates compared with previous month, 92011 (%)

(1) Denmark, broken yaxis, value is 45.9; Cyprus, con dential; Belgium, not available; Luxembourg, Malta and Austria, 082011.(2) Cyprus, con dential; Belgium, not available; Luxembourg, Malta and Austria, 082011.Source: Eurostat ( online data codes: sts_inno dgr_m , sts_innondgr_m )

80

90

100

110

120

130

09-1109-1009-0909-0809-0709-06

EU-27 Euro area

Figure 1.6: Total new orders received or manu acturingindustries working on orders, trend cycle (2005=100)

Source: Eurostat ( online data code: sts _inno_m )
http://ec.europa.eu/eurostat/product?code=sts_innodgr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_innodgr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_innondgr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inno_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inno_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inno_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_innondgr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_innodgr_m&mode=view


13/201

Newsletter 1


Having risen or our consecutive quarters, theEU-27 index o hours worked or total industry (excluding construction) ell in the second quartero 2011 by 0.3 %. Tis change to a downwarddevelopment appeared to extend into the thirdquarter o 2011, as only one o the eight MemberStates or which data are already available orthe third quarter reported an expansion in thenumber o hours worked.

Te pace o growth or EU-27 industrial wagesand salaries index slowed somewhat in thesecond quarter o 2011, rising 1.3 % (comparedwith the quarter be ore). Te index o wages andsalaries or total industry rose in most o theMember States, but was more or less unchangedin Germany and Portugal in the third quarter o 2011, and in Denmark and Spain in the secondquarter. Te index ell at a more rapid pace in thesecond quarter o 2011 in the United Kingdomand Hungary (third quarter) both by -0.3 % aswell in Luxembourg (-1.7 %), Ireland and Greece(both -2.5 %).

III -10 IV-10 I-11 II -11

Emplo ment -0.4 0.3 0.2 0.3Hours worked 0.2 0.2 1.3 -0.3Wages and salaries 0.5 0.8 1.5 1.3

Table 1.2: Indices o employment, hoursworked and wages and salaries or totalindustry (excl. construction),

seasonally adjusted, growth ratescompared with previous quarter, EU27 (%)

Source: Eurostat ( online data code: sts_inl bgr_q )

IV-10 I-11 II -11 II I-11

Emplo ment 0.2 0.1 0.3 0.6Hours worked 0.3 0.6 0.4 :Wages and salaries 0.9 1.6 1.2 :

Table 1.3: Indices o employment, hoursworked and wages and salaries or totalindustry (excl. construction), seasonally

adjusted, growth rates compared withprevious quarter, euro area (%)

Source: Eurostat ( online data code: sts_inl bgr_q )

(1) Italy and the Netherlands, con dential; Bulgaria, Germany, Spain, France, Hungary, Portugal, Romania, Slovakia, Finland and Sweden, III2011.Source: Eurostat ( online data code: sts_inl bgr_q )

-3

-2

-1

0

1

2



Figure 1.9: Index o employment, total industry (excl. construction), seasonally adjusted,growth rates compared with previous quarter, II2011 (%) (1)

80

85

90

95

100

105

III-11III-10III-09III-08III-07III-06


Figure 1.8: Index o employment, seasonally adjusted, EU27(2005=100)

Source: Eurostat ( online data code: sts _inlb_q )
http://ec.europa.eu/eurostat/product?code=sts_inlbgr_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inlbgr_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inlbgr_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inlbgr_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inlbgr_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inlbgr_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inlb_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inlb_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inlb_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inlbgr_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inlbgr_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inlbgr_q&mode=view


14/201

1 Newsletter


Index o prices

With no change in June 2011, the EU-27s grossindex o domestic industrial output prices rose

by 0.4 % in July 2011 (compared with the monthbe ore), to all by almost the same amount (-0.3 %)in August 2011, be ore rising once again by 0.4 %in September 2011. Tis uctuating developmentcould be attributed to price changes or energy,as EU-27 industrial prices excluding energy roseby 0.1 % in each o the our months to September2011. On the basis o a comparison with the samemonth o a year be ore, EU-27 domestic outputprices were 6.8 % higher in September 2011; thisrate o change has been relatively stable since May 2011.

Domestic output prices within the MemberStates rose by as much as 1.7 % in Hungary inSeptember 2011 (compared with the monthbe ore), and by 1.1 % in Cyprus. Prices rose by up to 1 % in 17 o the Member States, while they remained unchanged in two countries, and ellin the remaining six Member States. Te biggestdecreases were recorded in Denmark (-0.7 %) andSweden (-0.8 %).

Te extraction o crude petroleum and natural gas(NACE Rev. 2 Division 06) and the manu actureo coke and re ned petroleum (Division 19)registered the highest domestic output priceincreases in the EU-27 in September 2011(compared with the month be ore), as prices roseby 5.2 % and 2.4 %. Other transport equipment(Division 30) was the only other activity (at theNACE division level) to record prices rising by anamount in excess o 1 %. At the other end o therange, the biggest price decreases were recorded

or the mining o metal ores (Division 07, -2.1 %),other mining and quarrying (Division 08, -0.3 %)and the manu acture o computer, electronic andoptical products (Division 26, -0.2 %).

-1

0

1

2

3

4

5


Domestic output prices (1) Non-domestic output prices (2)

Figure 1.13: Index o output prices, total industry (excl. construction), gross,price changes compared with previous month, 92011 (%)

(1) The Czech Republic, Denmark, Germany, Estonia, Latvia, Lithuania, Portugal, Slovenia, Finland and the United Kingdom, 102011.(2) Portugal, not available; Denmark, Estonia, Latvia, Lithuania, Slovenia, Finland and the United Kingdom, 102011.Source: Eurostat ( online data code: sts_inppd gr_m )

100

110

120

130

140

150

160

09-1109-1009-0909-0809-0709-06


Figure 1.12: Index o domestic output prices, gross, EU27

(2005=100)

Source: Eurostat ( online data code: sts_i nppd_m )

-0.50

-0.25

0.00

0.25

0.50

06-11 07-11 08-11 09-11

EU-27 Euro area

Figure 1.10: Index o domestic output prices or total industry(excl. construction), gross, price changes compared withprevious month (%)

Source: Eurostat ( online data code: sts_inppd gr_m )

0.00

0.05

0.10

0.15

06-11 07-11 08-11 09-11

EU-27 Euro area

Figure 1.11: Index o domestic output prices or total industry(excl. construction and energy), gross, price changes

compared with previous month (%)

Source: Eurostat ( online data code: sts_inppd gr_m )
http://ec.europa.eu/eurostat/product?code=sts_inppdgr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inppdgr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inppd_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inppd_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inppdgr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inppdgr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inppdgr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inppdgr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inppdgr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inppdgr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inppd_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inppdgr_m&mode=view


15/201

Newsletter 1


Construction

Index o production

Afer a long period o contracting output (startingin early 2008), the EU-27s seasonally adjustedproduction index or construction showed anupturn (compared with the previous month)during the rst three months o 2011; this was,however, short lived, as negative rates o changewere recorded or our out o the six months romApril to September 2011. Construction output inthe euro area appeared to stabilise in 2011, withno sustained movement either towards expansionor urther contraction.

In the third quarter o 2011 month on monthrates o change or EU-27 building output moved

rom 0.8 % growth in July to a 1.4 % all inSeptember a similar development was observedin the euro area as growth o 1.2 % in July turned to a contraction o 0.6 % in September.Civil engineering output increased by 1.2 % inthe EU-27 in July, decreased in August (-0.5 %)and was relatively unchanged (0.2 % growth) inSeptember 2011.

Te 1.0 % decrease in EU-27 construction activity between August and September 2011 was drivenby a relatively strong decrease in France (-5.8 %),smaller decreases in the United Kingdom (-2.3 %)and Germany (-0.8 %), and to a lesser extent by bigger decreases in some o the smaller MemberStates, notably Portugal (-5.1 %).

Indices o labour input

Despite the relative stabilisation o constructionoutput early in 2011 the construction employmentindex continued to decline in the rst hal o theyear. In the EU-27 the seasonally adjusted indexdeclined 1.2 % in the second quarter o 2011(compared with the quarter be ore), the biggest

all since the rst quarter o 2010. Te situationin the euro area was similar: the last increase inconstruction employment was in the rst quartero 2008, and the most recent all in employment(-1.6 %, 2011 quarter 2) was the strongest sincethe beginning o 2010.

In the second quarter o 2011 the hours workedindex or construction in the EU-27 ell 0.2 %while in the euro area it ell 0.3 %: in both casesthe reductions were notably less than or theemployment index. Despite these contractions inthe volume o labour input, the wages and salaries

index increased in the second quarter o 2011, up0.4 % in the EU-27 and 0.5 % in the euro area.

-2

-1

0

1

2

3

06-11 07-11 08-11 09-11

EU-27 Euro area

Figure 1.14: Index o production or construction, seasonallyadjusted, growth rates compared with previous month (%)

Source: Eurostat ( online data code: sts_cop rgr_m )

-2

-1

0

1

2

06-11 07-11 08-11 09-11

Building Civil engineering works

Figure 1.15: Index o production, seasonally adjusted,growth rates compared with previous month, EU27 (%)

Source: Eurostat ( online data code: sts_cop rgr_m )

80

85

90

95

100

105

110

09-1109-1009-0909-0809-0709-06

EU-27 Euro area

Figure 1.16: Index o production, construction, trend cycle(2005=100)

Source: Eurostat ( online data code: sts _copr_m )
http://ec.europa.eu/eurostat/product?code=sts_coprgr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_coprgr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_coprgr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_coprgr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_copr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_copr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_copr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_coprgr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_coprgr_m&mode=view


16/201

1 Newsletter


United Kingdom; larger increases were recordedin Lithuania and Romania. Overall, only sixMember States recorded a all in construction

costs in the second quarter o 2011, most notably a 4.3 % reduction in Slovenia.

Number o permits

Te seasonally adjusted index o the number o building permits or dwellings in new residentialbuildings ell 5.1 % in the EU-27 during the secondquarter o 2011 (compared with the previousquarter). Tis was the third consecutive quarterthat the rate o change had been over 5 %, with achange in sign or each quarter, as an increase inthe rst quarter o 2011 was sandwiched between

alls in the ourth quarter o 2010 and the secondquarter o 2011. Tese uctuations came afera period o relative stability, as the index hadrecorded more modest growth ( rom 0.3 % to2.8 %) or each o the previous six quarters.

Germany recorded a 5.7 % increase or the indexo the number o dwellings or which buildingpermits were issued in the second quarter o 2011, while France recorded an increase o 0.9 %(early third quarter results show a 5.1 % increasein France). In contrast this index ell by 7.0 % inthe United Kingdom in the second quarter o

2011 and by 24.2 % in Spain; six other MemberStates recorded a double-digit all in the secondquarter o 2011, notably Estonia where the indexmore than halved (-55.2 %).

Te seasonally adjusted index o the use uloor area o o ce buildings or which building

permits were issued decreased by 8.1 % in the EU-27 during the second quarter o 2011 (comparedwith the previous quarter). Tis continued asequence o alternating positive and negativerates o change established since the beginningo 2009: overall these relatively large changes,

ofen over 5 %, have cancelled each other out asthe index level in the second quarter o 2011 was just 2.2 % lower than in the rst quarter o 2009.

Construction costs

In the second quarter o 2011 construction costsor new residential buildings rose by 1.0 % in the

EU-27 when compared with the previous quarter

(0.6 % in the euro area): this was the seventhconsecutive quarter on quarter increase in theEU-27 (sixth in the euro area).

In the EU-27 material costs increased asterthan labour costs in the second quarter o 2011, a pattern that has been maintained or sixconsecutive quarters: between the ourth quartero 2009 and the second quarter o 2011 materialcosts in the EU-27 rose 7.9 % while labour costsrose 3.3 %.

All o the larger Member States recorded a rise inconstruction costs in the second quarter o 2011,ranging rom 0.6 % in France, through 0.8 %in Spain and 1.0 % in Germany, to 2.2 % in the

0.0

0.5

1.0

1.5

2.0

III-10 IV-10 I-11 II-11

EU-27 Euro area

Figure 1.17: Index o construction costs or new residentialbuildings, gross, price changes compared with previousquarter (%)

Source: Eurostat ( online data code: sts_cop igr_q )

-10

-5

0

5

10

III-10 IV-10 I-11 II-11

EU-27 Euro area

Figure 1.18: Index o the number o dwellings or whichbuilding permits are issued or new residential buildings,seasonally adjusted, growth rates compared with previousquarter (%)

Source: Eurostat ( online data code: sts_cob pgr_q )

I II-10 IV-10 I-11 II-11

Employment -0.8 -0.9 -0.4 -1.2Hours worked -0.4 -0.5 0.3 -0.2Wages and salaries -1.3 0.5 1.7 0.4

Table 1.4: Indices o employment, hoursworked and wages and salaries orconstruction, seasonally adjusted,

growth rates compared with previousquarter, EU27 (%)

Source: Eurostat ( online data code: sts_col bgr_q )
http://ec.europa.eu/eurostat/product?code=sts_copigr_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_copigr_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_cobpgr_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_cobpgr_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_colbgr_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_colbgr_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_colbgr_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_cobpgr_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_copigr_q&mode=view


17/201

Newsletter 1


Services

Volume o sales or retail trade

Having reached a low in August 2009, thetrend cycle o the volume o sales in retail tradeclimbed gradually in the EU-27 through toSeptember 2010 be ore alling back in the periodto September 2011. In the euro area the sameindex grew rom the same low point (August2009), peaking a month earlier in August 2010.Te overall magnitude o the recent negativerates o changes was small as can be seen romthe working day adjusted series: the latest indexlevel (September 2011) or the volume o sales inretail trade was 0.8 % lower than one year earlier

in the EU-27 (1.3 % lower in the euro area). Asimilar analysis o working day adjusted indicesor ood, beverages and tobacco retailing shows

that the EU-27s volume o sales index ell 0.4 %in the year to September 2011; or the retailing o non- ood products (excluding uel) the index ell0.8 % while or uel retailing the index ell 3.7 %.

In September 2011 the seasonally adjusted indexor the EU-27s volume o sales in retail tradeell 0.3 %. Just under hal o the Member States

recorded a all in their volume o sales index (datanot available or our Member States), includingFrance and Spain where reductions o 0.6 %and 1.7 % respectively were recorded; Slovenia(-2.1 %) and Portugal (-3.7 %) recorded the largestreductions. In contrast, nine Member Statesrecorded an increase, including gains o 0.8 % inthe United Kingdom and 0.3 % in Germany; thelargest increases were recorded in Poland (2.4 %),Luxembourg (1.5 %) and Finland (1.3 %).

Index o turnover

In the second quarter o 2011 the EU-27 seasonally adjusted turnover index or services (as coveredby the S S Regulation) rose by 0.1 %; althoughonly a very small increase, this extended theunbroken series o positive quarter on quarterrates o change to eight. By the second quartero 2011 the index level was 11.4 % higher than itsmost recent low point in the second quarter o 2009, and was within 1.1 % o its pre-crisis peak (registered in the second quarter o 2008).

Te slight increase in the EU-27 services turnoverindex in the second quarter o 2011 resulted largely

rom relatively small increases (0.2 % to 0.3 %)in the two largest service activities in turnoverterms (wholesale trade and retail trade). Te

100.0

102.5

105.0

107.5

110.0

09-1109-1009-0909-0809-0709-06

EU-27 Euro area

Figure 1.20: Index o volume o sales, retail trade,trend cycle (2005=100)

-1.0

-0.5

0.0

0.5

1.0

06-11 07-11 08-11 09-11

Retail sale of food, beverages and tobaccoRetail sale of non-food products (including fuel)

Figure 1.21: Volume o sales, seasonally adjusted,growth rates compared with previous month, EU27 (%)

97.5

100.0

102.5

105.0

107.5

110.0

09-1109-1009-0909-0809-0709-06

Retail sale of food, beverages and tobaccoRetail sale of non-food products (including fuel)

Figure 1.22: Index o volume o sales, trend cycle, EU27(2005=100)

-1.0

-0.5

0.0

0.5

1.0

06-11 07-11 08-11 09-11

EU-27 Euro area

Figure 1.19: Volume o retail sales, seasonally adjusted,growth rates compared with previous month (%)

Source: Eurostat ( online data code: sts_trt ugr_m )

Source: Eurostat ( online data code: sts _trtu_m )

Source: Eurostat ( online data code: sts_trt ugr_m )

Source: Eurostat ( online data code: sts _trtu_m )
http://ec.europa.eu/eurostat/product?code=sts_trtugr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_trtugr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_trtu_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_trtu_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_trtugr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_trtugr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_trtu_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_trtu_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_trtu_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_trtugr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_trtu_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_trtugr_m&mode=view


18/201

1 Newsletter


Index o employmentIn the second quarter o 2011 the growth rate

or the EU-27s seasonally adjusted index o employment or services increased to 0.4 %,double the rate recorded in the previous twoquarters, and the fh consecutive (and largest)quarterly increase since the rst quarter o 2008.Te index level or the EU-27 in the secondquarter o 2011 remained 2.8 % lower than itspeak recorded in the second quarter o 2008.

Te 1.0 % increase in employment oraccommodation and ood service (Section I) wasthe second largest among service activities in theEU-27 during the second quarter o 2011 and hadthe largest upward impact on the services total;only the smaller water transport activity had abigger increase (1.5 %). Other activities with arelatively large upward impact on the servicestotal were administrative and supportingactivities (part o Section N) and pro essional,scienti c and technical services (part o SectionM) where employment grew by 0.8 % and 0.5 %respectively. Te biggest all in the employmentindex was a decrease o 3.7 % recorded or thesmall activity o lm, television and soundproduction (Division 59); among the remainingactivities where employment ell the rate o change did not exceed -0.3 %.

Te latest rates o change (generally or thesecond or third quarter o 2011, data or Italy and the Netherlands are con dential) show thatservices employment ell in eight Member States:the largest decrease, by ar, was in Greece (down5.2 % in the second quarter) while Spain was theonly one o the larger Member States to record areduction in services employment (-0.5 % in thethird quarter). In contrast, Germany (secondquarter), France (third quarter) and the United

index was pulled up by increases o just over 1 %or some medium-sized activities, each o whichaccounted or between 3 % and 5 % o turnoverwithin the EU-27s services sector (as de nedby the S S Regulation). Gains were recorded

or land transport (Division 49), transportationsupport activities (Division 52) and legal andaccounting activities (Division 69 and Group70.2) and increases ranging between 3.0 % and3.7 % or even smaller activities including otherpro essional, scienti c and technical activities(Division 74), employment activities (Division78) and travel agencies and tour operators

(Division 79). Only a ew o the services coveredby the S S Regulation recorded a all in turnover,most notably a 1.0 % reduction or motor trades(the third largest activity, Division 45) as well as a2.9 % all or the smaller water transport activity (Division 50).

A small majority o Member States reportedservices turnover growing in the second or thirdquarter o 2011 (compared with the previousquarter) with ten Member States recording a all.Among the largest Member States, the UnitedKingdom recorded the astest growth in services

turnover, with a gain o 1.1 % in the third quartero 2011, ollowed by France with a gain o 0.8 %in the second quarter: these Member Statesconsequently had the greatest upward impacton the EU-27 average, ollowed by third quarterincreases o 1.3 % in Sweden and Finland and3.6 % in Romania. Spain (third quarter) andGermany (second quarter) recorded no changein turnover. Te 2.2 % all in services turnoverin Belgium in the second quarter o 2011 hadthe largest downward impact on the overall EU-27 average, ollowed by reductions o 1.9 % and2.2 % in Ireland and Greece.

-4

-2

0

2

4



Figure 1.23: Index o the volume o sales, retail trade, seasonally adjusted,growth rates compared with previous month, 92011 (%) (1)

(1) Greece, Italy, Cyprus and Hungary, con dential; the United Kingdom, 102011.Source: Eurostat ( online data code: sts_trt ugr_m )
http://ec.europa.eu/eurostat/product?code=sts_trtugr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_trtugr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_trtugr_m&mode=view


19/201

Newsletter 1


Figure 1.25: Index o turnover, seasonally

adjusted, growth rates compared withprevious quarter, II2011 (%)

-4 -2 0 2 4

Motor trades

Wholesale trade

Retail trade (1)

Land transport, pipelines

Water transport

Air transport

Supp. for transportation

Postal & courier

Accomm. & food servicesPublishing

Film, TV & sound prod.

Program. & broadcasting

Telecommunications

Computer programming

Information services

Architect. & engin.; testing

Advert. & market research

Prof., scien. & techn. act.

Employment services

Travel agencies, tour op.

Security & investigationOffice admin. & support

EU-27

Euro area

(1) III2011.Source: Eurostat ( online data codes: sts_tr tugr_q , sts_setugr_q )

-5 0 5 10 15 20

Motor trades

Wholesale trade

Retail trade (1)


Water transport

Air transport

Supp. for transportation

Postal & courier

Accomm. & food servicesPublishing



Telecommunications



Architect. & engin.; testing

Advert. & market research

Prof., scien. & techn. act.

Employment services

Travel agencies, tour op.

Security & investigationOffice admin. & support

EU-27

Euro area

Figure 1.26: Index o turnover, working day

adjusted, growth rates compared with samequarter o previous year, II2011 (%)

(1) III 2011.Source: Eurostat ( online data codes: sts_tr tugr_q , sts_setugr_q )

100

105

110

115

120

125

II-11II-10II-09II-08II-07II-06

Index of turnover Index of employment

Figure 1.24: Indices o turnover and employment or services, seasonally adjusted, EU27(2005=100)

Source: Eurostat ( online data code: sts _setu_q )
http://ec.europa.eu/eurostat/product?code=sts_trtugr_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_trtugr_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_setugr_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_trtugr_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_trtugr_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_setugr_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_setu_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_setu_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_setu_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_setugr_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_trtugr_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_setugr_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_trtugr_q&mode=view


20/201

1 Newsletter


Kingdom (second quarter) recorded increaseso 0.7 %, 0.3 % and 0.2 % respectively and thesethree Member States had the largest upwardimpact on the EU-27 average along with Romania(1.7 % increase in the third quarter).

Index o services prices

Among the services or which an EU-27 priceindex is available the transport activities recordedthe biggest price changes in the second quartero 2011: sea and coastal water transport (Groups50.1 and 50.2) recorded a decrease in prices o -1.7 %, while air transport (Division 51) and road

reight transport (Group 49.4) recorded increaseso 2.7 % and 1.4 % respectively. For all otherservices, price changes ranged between -0.3 %( or telecommunications, Division 61) and 0.5 %( or employment activities, Division 78).

-6 -4 -2 0 2 4 6

Motor trades

Wholesale trade

Retail trade


Water transport

Air transport

Support for transportation

Postal & courier

Accomm. & food services

Publishing



Telecommunications



Prof., scient. & tech. act. (1)

Admin. & support act. (2)

EU-27

Euro area (3)

Figure 1.28: Index o employment,gross, growth rates compared withsame quarter o previous year, II2011 (%)

EU-27

Euro

area

Freight transport by road &removal services

1.4 1.6

Sea and coastal water transport -1.7 -1.9Air transport 2.7 2.7Postal & courier -0.2 0.3Telecommunications -0.3 0.1Architect. & en gin.; testing -0.2 -0.2Emplo ment services 0.5 0.9Security & investigation -0.1 -0.1Cleaning activities 0.2 0.2

Table 1.5: Index o services producerprices, gross, growth rates compared withprevious quarter, II 2011 (%)

-4 -3 -2 -1 0 1 2

Motor trades

Wholesale trade

Retail trade


Water transport

Air transport

Support for transportation

Postal & courier

Accomm. & food services

Publishing



Telecommunications



Prof., scient. & tech. act. (1)

Admin. & support act. (2)

EU-27

Euro area (3)

Figure 1.27: Index o employment,seasonally adjusted, growth rates comparedwith previous quarter, II2011 (%)

(1) NACE Section M excluding head o ce management (70.1), scienti cresearch and development (72), and veterinary activities (75).

(2) NACE Section N excluding renting and leasing (77), combinedacilities (81.1), and landscape activities (81.3).

(3) Motor trades, wholesale trade, retail trade andaccomm. & ood services, III2011.

Source: Eurostat ( online data codes: sts_tr tugr_q , sts_setugr_q )

(1) NACE Section M excluding head o ce management (70.1), scienti cresearch and development (72), and veterinary activities (75).

(2) NACE Section N excluding renting and leasing (77), combinedacilities (81.1), and landscape activities (81.3).

(3) Motor trades, wholesale trade, retail trade andaccomm. & ood services, III2011.

Source: Eurostat ( online data codes: sts_tr tugr_q , sts_setugr_q )

Source: Eurostat ( online data code: sts _sepp_q )
http://ec.europa.eu/eurostat/product?code=sts_trtugr_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_trtugr_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_setugr_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_trtugr_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_trtugr_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_setugr_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_sepp_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_sepp_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_sepp_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_setugr_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_trtugr_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_setugr_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_trtugr_q&mode=view


21/201

2Industry


22/201

2 Industry


85

90

95

100

105

110

115

09-1109-1009-0909-0809-0709-06

EU-27 Euro area

Figure 2.1: Index o production, total industry (excl. construction), trend cycle (2005=100)


80

90

100

110

120

09-1109-1009-0909-0809-0709-06

Intermediate goods Capital goods Consumer durables Consumer non-durables Energy

Figure 2.2: Index o production, trend cycle, EU27 (2005=100)


80

90

100

110

120

09-1109-1009-0909-0809-0709-06

Intermediate goods Capital goods Consumer durables Consumer non-durables Energy

Figure 2.3: Index o production, trend cycle, euro area (2005=100)

http://ec.europa.eu/eurostat/product?code=sts_inpr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inpr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inpr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inpr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inpr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inpr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inpr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inpr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inpr_m&mode=view


23/201

Industry 2


-12

-8

-4

0

4



Figure 2.5: Index o production, total industry (excl. construction), seasonally adjusted,growth rates compared with previous month, 92011 (%) (1)

(1) Cyprus and Austr ia, 082011.Source: Eurostat ( online data code: sts_inp rgr_m )

-3

-2

-1

01

2

10-10 11-10 12-10 01-11 02-11 03-11 04-11 05-11 06-11 07-11 08-11 09-11

EU-27 Euro area

Figure 2.4: Index o production, total industry (excl. construction), seasonally adjusted,growth rates compared with previous month (%)


Weightin 2005

(% of EU-27)

Latestmonthly

index(2005=100) IV-10 I-11 II-11 III-11 04-11 05-11 06-11 07-11 08-11 09-11

EU-27 100.0 101.6 1.5 1.0 0.3 0.7 0.2 0.4 -0.7 0.8 1.0 -1.3Euro area 73.2 101.2 1.9 1.0 0.3 0.9 0.3 0.2 -0.7 1.0 1.5 -2.2BE 2.7 125.6 1.9 1.6 1.2 1.4 -2.0 4.9 -4.7 0.3 5.1 -1.8BG 0.2 102.4 1.7 1.5 0.8 -0.7 1.6 -1.2 -0.7 1.1 -1.9 1.0CZ 1.3 119.0 2.1 2.4 0.6 -0.7 0.5 2.3 -1.5 0.0 -0.6 0.1DK 1.8 88.2 -1.2 0.9 3.9 -2.8 3.8 3.3 -4.9 1.5 -3.0 0.1DE 22.3 111.3 2.8 1.8 1.6 1.9 0.3 0.8 -0.6 3.2 -0.3 -2.9EE 0.1 111.5 10.2 7.0 -0.5 0.1 -0.7 -4.0 2.1 5.1 -2.0 -10.9IE 2.0 111.2 -0.5 0.2 -0.5 2.6 1.3 0.3 -1.5 1.5 4.8 -3.5EL 1.0 78.2 -3.2 -1.7 -3.6 2.3 -2.8 0.8 -2.1 4.3 -1.2 0.1ES 10.0 83.4 -0.2 0.4 -0.8 -0.6 0.0 0.5 -0.9 -0.5 1.2 -1.3FR 12.5 92.6 1.0 2.0 -0.5 0.9 -0.8 1.8 -1.6 1.6 0.5 -1.9

IT12.3 87.8 -0.6 -0.2 1.1 -0.1 0.9 -0.6 -0.6 -0.6 3.9 -4.8

CY 0.1 86.1 -3.0 -2.7 -2.5 : -1.4 0.8 -2.7 -3.8 -1.4 :LV 0.1 110.4 1.3 -0.9 5.6 2.0 3.4 0.2 1.8 0.2 0.2 1.2LT 0.2 113.3 3.8 -1.5 1.2 2.3 -0.3 5.7 4.0 -1.6 -0.2 -1.0LU 0.2 90.1 -0.4 -0.2 -1.1 1.8 -0.9 0.2 -1.3 1.8 1.3 -0.4HU 0.9 115.1 -2.1 5.4 -2.0 0.6 0.7 -0.6 -0.5 0.7 -1.2 3.9MT 0.0 101.7 -1.6 3.7 -1.6 -3.0 1.1 -1.4 0.1 -2.7 -0.1 0.3NL 3.9 103.8 3.2 -1.1 -1.3 1.9 -1.3 0.3 -0.1 3.5 -1.7 -1.2AT 2.5 120.1 2.3 3.4 1.2 : 1.7 -0.8 1.1 -0.1 1.1 :PL 3.0 147.2 0.5 1.8 1.8 1.6 1.7 1.3 -2.4 0.6 2.4 1.9PT 1.4 89.1 -1.3 1.2 -1.5 -0.7 -3.8 3.2 -3.1 -3.1 8.5 -5.8RO 0.6 131.8 3.0 2.0 -0.6 1.6 0.5 0.5 -1.7 1.8 1.5 -0.5SI 0.3 105.4 1.3 0.3 0.3 -1.1 -3.3 3.5 -2.6 -1.9 1.5 1.5SK 0.4 156.3 4.1 1.3 2.0 -1.6 1.2 2.7 -2.2 -3.3 2.0 3.2FI 1.6 101.0 2.4 -2.5 1.0 -1.5 0.7 2.0 -3.8 -0.7 1.9 -0.3SE 2.8 100.5 1.0 4.2 -0.1 0.5 -0.6 0.4 -1.9 2.9 -2.9 1.9UK 15.8 90.4 0.1 -0.1 -1.2 0.3 -1.7 1.0 0.3 -0.4 0.3 0.0

NO - 86.4 6.3 -4.2 -2.9 3.7 -1.8 -3.1 6.1 -1.6 3.7 -0.2CH - : 1.8 -1.0 -0.9 : : : : : : :

Table 2.1: Index o production, total industry (excl. construction), seasonally adjusted,growth rates compared with previous period (%) (1)

(1) Latest monthly index re ers to the same month or which the latest monthly growth rate is available.Source: Eurostat ( online data code: online data codes: st s_inpr_m , sts_inprgr_q , sts_inprgr_m )
http://ec.europa.eu/eurostat/product?code=sts_inprgr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inprgr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inprgr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inprgr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inpr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inpr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inprgr_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inprgr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inprgr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inprgr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inprgr_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inpr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inprgr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inprgr_m&mode=view


24/201

2 Industry


-5

0

5

10



Figure 2.7: Index o production, total industry (excl. construction), working day adjusted,growth rates compared with same month o previous year, 92011 (%) (1)

(1) Cyprus, broken y axis, valu e is 15.7; Cyprus a nd Austria, 082011.Source: Eurostat ( online data code: sts_inp rgr_m )

0

2

4

68

10

10-10 11-10 12-10 01-11 02-11 03-11 04-11 05-11 06-11 07-11 08-11 09-11

EU-27 Euro area

Figure 2.6: Index o production, total industry (excl. construction), working day adjusted,growth rates compared with same month o previous year (%)


Weightin 2005

(% of EU-27)

Latestmonthly

index(2005=100) IV-10 I-11 II-11 III-11 04-11 05-11 06-11 07-11 08-11 09-11

EU-27 100.0 104.8 7.5 6.2 3.8 3.6 4.8 4.2 2.6 3.7 4.8 2.3Euro area 73.2 104.6 8.0 6.5 4.1 4.1 5.4 4.3 2.8 4.4 6.0 2.3BE 2.7 130.5 9.9 8.2 5.3 6.5 5.4 11.8 -0.7 4.0 10.7 4.8BG 0.2 105.1 5.2 9.6 6.7 3.1 9.8 7.6 3.0 6.6 1.1 1.5CZ 1.3 129.5 11.1 11.3 9.2 4.2 7.6 12.0 7.9 6.8 3.5 2.5DK 1.8 92.5 5.7 3.1 4.3 0.7 5.9 8.8 -1.4 0.4 4.4 -2.2DE 22.3 116.6 12.7 11.9 8.2 8.2 9.9 7.4 7.3 10.6 8.6 5.5EE 0.1 116.1 33.8 31.7 26.2 17.0 30.9 23.9 24.0 23.9 22.6 5.5IE 2.0 107.7 12.7 0.9 1.5 2.1 8.6 0.0 -3.3 -4.9 11.7 0.2EL 1.0 82.8 -6.2 -6.4 -11.6 -5.7 -10.6 -10.1 -13.9 -3.0 -12.0 -2.3ES 10.0 84.0 0.3 1.8 -1.1 -1.5 -1.5 0.0 -1.9 -2.4 0.0 -1.8FR 12.5 97.1 5.0 4.4 2.4 3.5 1.9 3.2 2.0 3.3 5.4 2.3IT 12.3 92.5 5.0 2.1 1.9 -0.5 3.9 1.8 0.1 -1.1 4.7 -2.7CY 0.1 66.4 -2.8 -3.9 -3.6 : -3.1 -1.5 -6.0 -11.6 -15.7 :LV 0.1 112.1 18.1 9.0 13.0 8.3 13.9 12.1 13.0 8.6 6.8 9.6LT 0.2 113.9 16.6 14.4 10.8 7.4 9.3 12.1 10.8 7.3 6.6 8.3LU 0.2 91.6 6.3 1.8 -3.8 0.1 -3.2 -4.1 -4.1 -0.6 -1.0 1.7HU 0.9 122.0 9.8 11.4 4.1 1.8 9.5 2.3 1.0 2.7 -0.4 3.0MT 0.0 101.9 1.8 7.1 1.8 -3.4 3.0 0.3 2.1 -4.1 -4.4 -1.7NL 3.9 98.8 5.9 0.7 -1.7 2.8 -1.5 -3.2 -0.2 4.0 1.8 2.6AT 2.5 106.7 9.0 11.4 9.0 : 11.9 6.8 8.6 7.1 6.8 :PL 3.0 156.2 9.1 7.4 7.2 5.8 8.7 9.4 3.6 3.8 5.5 7.9PT 1.4 91.7 1.0 0.1 -1.6 -2.7 -2.0 -0.2 -2.7 -4.4 -1.5 -2.0RO 0.6 138.1 6.3 10.1 5.1 5.8 5.4 8.0 1.9 4.1 7.8 5.7SI 0.3 109.6 7.4 8.2 4.0 0.9 6.0 4.7 1.3 1.3 -1.3 2.5SK 0.4 161.9 16.7 11.9 7.9 5.6 7.8 10.7 5.1 5.1 4.2 7.4FI 1.6 106.7 9.5 4.1 2.9 -0.9 5.9 6.2 -3.2 -1.7 -0.1 -1.1SE 2.8 104.8 11.5 13.8 7.5 5.7 10.7 8.2 3.8 5.8 4.4 6.8UK 15.8 90.0 2.7 1.3 -0.9 -0.6 -2.0 -1.2 0.5 -0.5 -0.8 -0.6

NO- 82.6 -3.4 -6.3 -8.9 2.0 -8.7 -12.7 -4.8 -4.3 6.1 4.2

CH - : 6.5 4.5 2.3 : : : : : : :

Table 2.2: Index o production, total industry (excl. construction), working day adjusted,growth rates compared with same period o previous year (%) (1)

(1) Latest monthly index re ers to the same month or which the latest monthly growth rate is available.Source: Eurostat ( online data codes: sts _inpr_m , sts_inprgr_q , sts_inprgr_m )
http://ec.europa.eu/eurostat/product?code=sts_inprgr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inprgr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inprgr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inprgr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inpr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inpr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inprgr_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inprgr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inprgr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inprgr_q&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inpr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inprgr_m&mode=viewhttp://ec.europa.eu/eurostat/product?code=sts_inprgr_m&mode=view


25/201

Industry 2


-15

-10

-5

0

510

15



Figure 2.9: Index o production, intermediate goods, working day adjusted,growth rates compared with same month o previous year, 92011 (%) (1)

(1) Cyprus, Luxembourg a nd Austria, 082011.Source: Eurostat ( online data code: sts_inp rgr_m )

-6

-4

-2

0

2

4

6



Figure 2.8: Index o production, intermediate goods, seasonally adjusted,growth rates compared with previous month, 92011 (%) (1)


Weightin 2005

(% of EU-27)

Latestmonthly

index(2005=100) IV-10 I-11 II-11 III-11 04-11 05-11 06-11 07-11 08-11 09-11

EU-27 100.0 98.5 1.0 2.2 -0.1 0.4 -0.1 0.3 -0.9 0.7 1.2 -1.7Euro area 77.6 97.9 1.1 2.4 -0.1 0.5 0.1 -0.1 -0.8 0.7 1.6 -2.3BE 3.4 117.0 -1.2 0.6 1.6 1.1 -3.0 11.4 -8.5 2.7 1.6 -0.5BG 0.2 101.9 -1.3 5.3 0.5 0.5 0.4 5.7 -1.1 2.0 -4.2 0.9CZ 1.7 110.7 3.0 2.4 -1.3 -1.0 -1.0 1.3 -1.5 -0.4 0.9 -2.2DK 1.3 83.9 -0.8 1.5 1.3 -2.9 1.7 5.0 -8.7 1.6 0.1 -0.1DE 26.7 116.5 0.7 3.1 2.6 1.8 1.1 0.7 0.7 2.3 -0.4 -2.8EE 0.1 97.7 5.8 6.6 -2.1 -0.9 -5.0 -0.5 0.2 1.5 -2.5 -1.9IE 1.2 58.4 -6.6 2.0 -6.9 -1.2 4.0 -10.5 0.3 7.2 -7.0 0.5EL 0.8 70.9 0.2 -1.7 -5.9 -0.9 -2.3 -1.8 -0.1 1.0 -3.4 3.3ES 8.1 73.3 -0.3 1.4 -2.8 -2.0 -1.6 -1.7 -0.4 -1.2 1.3 -2.6FR 12.4 87.8 1.7 3.9 -1.2 -0.3 -0.8 0.9 -2.2 1.0 0.9 -2.2IT 13.4 81.5 0.6 0.2 0.6 0.2 0.6 -0.4 -0.4 -0.4 2.6 -2.4CY 0.1 85.5 -3.3 -2.4 -2.2 : -0.6 1.0 -2.8 -1.8 5.8 :LV 0.1 116.8 1.1 -1.5 7.2 2.3 0.4 3.4 1.0 -2.6 4.3 1.2LT 0.1 122.8 7.2 0.8 -2.1 2.8 -0.3 -2.0 3.8 0.2 1.2 0.1LU 0.2 93.6 2.4 -0.2 -2.0 : -2.0 0.7 -1.1 2.8 3.1 :HU 1.0 95.3 -0.2 1.5 -0.6 -1.1 1.6 -1.2 -3.2 3.1 -1.6 -1.4MT 0.1 113.6 0.1 3.4 -2.7 -3.9 0.5 -0.3 -1.7 -2.1 -0.4 -1.0NL 3.9 95.2 0.8 3.2 -3.3 -0.6 -1.0 -0.2 -1.9 2.6 -1.7 -2.1AT 3.1 112.3 2.2 3.3 -0.6 : -1.4 1.3 -0.4 -1.4 0.1 :PL 2.7 155.1 4.3 1.7 2.2 1.6 1.1 0.3 -0.2 -0.9 3.0 1.8PT 1.4 94.9 -0.7 3.3 -3.9 1.1 -5.4 0.4 -3.2 -0.9 8.6 -4.5RO 0.6 154.4 3.3 4.0 1.1 1.0 0.3 0.8 -1.6 1.2 -0.1 2.0SI 0.4 113.7 1.9 -2.3 0.7 -1.9 0.5 0.2 -1.9 -1.0 1.5 -1.8SK 0.5 113.7 2.8 2.2 -1.9 2.0 -4.1 1.2 2.6 -2.0 2.8 0.1FI 2.1 95.7 -0.2 -0.7 1.2 -0.5 -0.8 2.2 -3.5 0.2 0.7 1.6SE 3.2 98.9 -2.2 5.6 3.7 -1.5 -0.6 0.5 -1.7 0.4 -2.6 2.6UK 11.3 86.2 0.0 0.1 -1.3 0.4 -1.6 1.6 -0.1 0.5 -1.0 0.3

NO- 113.0 5.0 0.3 1.1 0.2 -2.1 -0.3 5.3 -4.7 1.6 1.8

CH - : -0.1 -2.3 -3.1 : : : : : : :

Table 2.3: Index o production, intermediate goods, seasonally adjusted,growth rates compared with previous period (%) (1)



26/201

2 Industry


-5

0

5

10

15

20

25



Figure 2.11: Index o production, capital goods, working day adjusted,growth rates compared with same month o previous year, 92011 (%) (1)

(1) Cyprus, Luxembourg and Austria, 082011.Source: Eurostat ( online data code: sts_inp rgr_m )

-10

-5

0

5

10

15



Figure 2.10: Index o production, capital goods, seasonally adjusted,growth rates compared with previous month, 92011 (%) (1)

(1) Estonia, broken yaxis, value is 29.3; Cyprus, Luxembourg and Austria, 082011.Source: Eurostat ( online data code: sts_inp rgr_m )

Weightin 2005

(% of EU-27)

Latestmonthly

index(2005=100) IV-10 I-11 II-11 III-11 04-11 05-11 06-11 07-11 08-11 09-11

EU-27 100.0 109.5 3.8 1.7 1.2 2.5 0.4 1.6 -1.6 2.7 1.9 -3.0Euro area 76.7 106.7 4.4 1.4 1.3 2.7 0.7 1.2 -1.4 3.0 2.4 -3.9BE 2.0 142.0 8.6 5.5 -0.5 0.8 -1.4 10.8 -10.4 4.0 0.9 1.1BG 0.1 106.5 1.1 4.4 -0.6 -2.0 -3.2 4.6 -3.0 -1.3 -6.0 12.6CZ 1.6 160.8 4.4 4.3 2.7 2.2 1.3 1.9 -0.1 2.1 -1.8 2.1DK 1.5 112.2 -12.1 6.4 9.3 1.0 4.7 1.1 -1.6 9.7 -12.1 2.7DE 35.1 116.8 5.9 1.8 2.5 3.6 0.0 2.3 -2.1 5.2 1.1 -4.7EE 0.1 169.3 29.0 20.4 -0.8 -0.9 4.4 -11.3 3.6 10.3 1.5 -29.3IE 1.1 92.3 -0.5 -0.8 -2.5 2.5 -5.5 5.9 1.6 -1.0 2.9 -4.3EL 0.5 53.4 9.4 -19.5 2.2 9.5 -0.6 -2.5 -1.2 10.3 2.6 -2.4ES 5.6 80.4 0.6 1.5 0.3 0.3 0.2 1.1 -0.9 0.3 0.7 -0.7FR 12.4 90.2 2.5 1.6 0.0 1.8 0.2 2.7 -3.2 3.4 1.0 -2.8IT 11.7 93.5 -0.6 0.3 0.8 2.9 -0.3 -0.1 0.5 1.8 3.7 -5.2CY 0.0 86.8 -3.0 1.0 -0.6 : -0.7 0.3 -1.7 -5.2 7.0 :LV 0.0 144.4 2.8 0.5 19.8 2.8 25.7 -5.5 -1.2 13.9 -11.7 1.7LT 0.1 137.6 5.3 6.5 0.3 3.8 -0.6 0.1 1.1 10.5 -13.4 7.7LU 0.1 90.0 -8.6 3.5 0.3 : 1.7 -0.6 -0.8 -4.8 14.7 :HU 1.0 141.5 3.0 8.8 -3.8 4.0 -1.7 2.3 -2.3 4.6 -1.8 4.4MT 0.0 95.3 -6.5 5.7 2.7 -2.2 -0.4 1.3 -3.7 -1.9 3.0 -0.6NL 2.3 113.7 5.9 0.0 1.3 -0.7 2.4 3.9 -5.0 1.4 0.6 -1.2AT 2.4 129.7 3.5 2.6 4.3 : 4.7 0.3 -1.1 2.9 4.4 :PL 2.1 167.8 2.4 4.2 1.5 3.0 1.4 3.7 -4.9 3.5 2.3 0.8PT 0.6 81.5 -5.4 12.5 -2.2 2.9 -5.4 4.5 -2.8 2.8 3.4 -5.2RO 0.6 168.8 4.2 2.4 -3.8 6.3 -6.8 4.3 -0.1 1.0 8.4 -4.9SI 0.2 93.2 4.3 0.1 -0.5 -2.8 -2.8 5.8 -6.0 -1.5 1.2 0.4SK 0.3 259.4 7.6 6.4 2.9 -3.2 1.7 5.1 -4.4 -5.2 3.9 2.9FI 2.3 104.3 4.1 -3.1 0.3 -0.7 -0.2 0.2 1.8 -4.3 3.2 1.2SE 3.9 103.5 4.6 4.6 1.1 -2.1 -3.7 5.4 -4.0 0.5 -2.8 1.0UK 12.4 108.1 1.8 3.6 -0.5 0.7 -3.3 2.6 0.2 -0.8 -0.1 1.7

NO- 153.4 0.7 0.2 -0.7 3.8 -3.0 5.1 -2.2 -1.2 7.5 -0.3

CH - : 5.7 -0.4 3.5 : : : : : : :

Table 2.4: Index o production, capital goods, seasonally adjusted,growth rates compared with previous period (%) (1)



27/201

Industry 2


-30

-20

-10

0

10

20

30



Figure 2.13: Index o production, consumer durables, working day adjusted,growth rates compared with same month o previous year, 92011 (%) (1)


-20-15-10

-505

1015



Figure 2.12: Index o production, consumer durables, seasonally adjusted,growth rates compared with previous month, 92011 (%) (1)


Weightin 2005

(% of EU-27)

Latestmonthly

index(2005=100) IV-10 I-11 II-11 III-11 04-11 05-11 06-11 07-11 08-11 09-11

EU-27 100.0 91.8 -0.5 1.1 -0.7 0.1 0.4 -1.1 -1.5 2.5 -0.5 -1.9Euro area 74.9 85.2 -0.1 1.7 -0.1 0.5 0.9 -0.6 -2.4 3.6 -0.2 -3.5BE 1.6 113.3 4.2 -1.5 1.6 5.8 -2.5 12.4 -12.0 15.4 -2.3 -6.9BG 0.2 134.3 2.5 0.5 5.3 3.5 2.5 3.6 3.2 1.2 -1.6 0.1CZ 1.2 99.7 -1.4 -11.0 0.6 -1.0 2.7 -3.8 -3.8 6.8 -4.2 -2.5DK 2.2 58.7 -3.4 -3.2 -1.3 1.0 1.3 2.6 -4.4 10.7 -7.9 -5.0DE 22.9 98.7 0.2 2.6 0.0 2.9 0.8 0.2 -6.3 15.0 -9.6 -0.9EE 0.2 87.2 6.0 0.8 -2.1 5.6 -3.5 0.6 -2.5 8.2 -0.2 -2.5IE 0.9 74.1 -3.6 7.3 7.1 1.2 7.4 -7.3 6.0 0.0 -0.9 1.5EL 0.8 57.4 -1.0 -1.5 -6.1 1.0 -4.6 0.4 -2.5 2.7 1.3 -2.9ES 9.7 58.3 -3.0 -3.4 0.3 2.3 1.9 1.1 -3.3 3.5 5.0 -7.4FR 8.7 82.8 -0.1 2.5 -0.6 3.0 -0.6 1.9 -3.9 5.3 1.7 -3.8IT 20.7 73.7 -0.2 3.4 -0.6 -2.5 5.2 -4.2 -2.2 1.6 2.4 -8.3CY 0.1 58.5 -8.0 -3.3 -8.1 : -8.9 -8.0 -2.1 1.9 14.7 :LV 0.1 62.9 4.6 -2.4 5.4 -0.1 6.1 -0.7 -3.6 2.5 -1.7 3.9LT 0.3 164.1 4.6 11.7 1.9 4.5 1.7 -4.5 10.2 -2.0 5.0 -5.3LU 0.0 136.3 11.3 2.7 -7.5 : 4.1 6.8 -3.3 4.5 -2.0 :HU 1.1 144.0 1.6 -4.7 -14.2 -9.2 -5.8 -6.8 0.2 -23.6 35.1 -4.1MT 0.1 51.8 6.5 -10.8 -3.0 -4.6 1.1 0.6 -1.7 -3.7 2.4 -4.5NL 2.3 84.1 -2.9 4.2 -0.4 -5.8 -1.8 1.6 -0.8 0.3 -14.5 12.4AT 3.4 111.3 -2.3 1.0 -1.2 : -3.4 1.7 2.1 2.3 -1.9 :PL 4.3 227.6 -5.3 2.2 -1.5 1.1 1.4 -6.5 -1.5 2.9 -0.6 5.9PT 1.5 75.0 -5.8 3.6 -5.9 7.7 -1.5 -6.0 7.7 -0.9 19.3 -18.7RO 0.9 98.4 1.0 -4.2 -0.8 1.1 2.2 0.1 -0.6 4.3 -3.4 -1.5SI 0.9 66.4 -5.0 0.6 -2.8 -1.0 -3.0 1.3 -4.4 -0.3 7.7 -9.2SK 0.4 315.6 4.0 1.4 0.4 -22.0 11.9 -9.0 -27.2 -5.4 3.7 12.8FI 1.0 97.2 3.0 4.0 3.3 1.4 2.7 5.1 -7.8 6.0 -1.5 1.7SE 2.3 77.6 -4.1 4.5 -4.3 -0.1 -5.3 1.3 -2.0 -2.0 5.3 -2.0UK 12.3 83.4 -0.2 5.3 0.6 -3.7 -0.6 0.5 0.6 -2.1 -1.8 -2.9

NO- 64.4 -4.1 -1.7 -5.6 0.3 -3.5 5.5 -11.0 4.7 1.8 1.9

CH - : 4.2 3.4 0.6 : : : : : : :

Table 2.5: Index o production, consumer durables, seasonally adjusted,growth rates compared with previous period (%) (1)



28/201

2 Industry


-10-505

101520

25



Figure 2.15: Index o production, consumer nondurables, working day adjusted,growth rates compared with same month o previous year, 92011 (%) (1)


-10

-5

0

5

10



Figure 2.14: Index o production, consumer nondurables, seasonally adjusted,growth rates compared with previous month, 92011 (%) (1)


Weightin 2005

(% of EU-27)

Latestmonthly

index(2005=100) IV-10 I-11 II-11 III-11 04-11 05-11 06-11 07-11 08-11 09-11

EU-27 100.0 105.2 0.2 0.6 0.7 -0.1 0.5 -0.3 -0.5 -0.3 1.0 -0.3Euro area 72.2 105.5 0.3 0.5 0.8 -0.3 0.4 -0.1 -0.7 -0.7 1.7 -1.1BE 3.4 133.7 0.2 7.2 1.1 1.6 -3.0 3.1 -4.4 0.3 8.5 -6.4BG 0.3 91.5 -0.4 1.3 -1.8 -0.2 2.7 -2.2 2.4 0.4 -1.9 -0.4CZ 1.0 90.4 -0.9 -0.2 -0.2 -1.7 0.2 0.3 -1.3 -0.9 -0.2 0.2DK 2.1 95.6 3.1 1.1 0.9 -1.1 2.3 2.8 -1.3 -2.4 1.5 1.2DE 17.6 103.8 0.2 1.0 1.5 -2.0 0.6 0.0 -0.3 -0.1 -3.3 1.6EE 0.1 105.5 -0.3 2.6 0.6 2.2 0.2 -1.4 0.8 0.5 1.0 2.8IE 4.0 139.8 1.8 -1.9 2.9 2.8 8.4 -2.7 -1.9 -0.1 10.5 -4.8EL 1.4 86.6 -0.4 -1.0 -2.5 0.6 -0.3 -0.3 -2.0 4.7 -4.4 1.4ES 8.3 98.8 0.4 0.2 1.1 -0.4 0.7 0.7 -0.4 -0.8 1.0 -0.5

FR 14.9 105.0 -1.2 3.1 0.9 0.3 0.7 0.3 -0.3 0.5 -0.4 0.6IT 12.9 95.3 -1.7 -1.5 0.7 -3.0 0.5 -0.2 -1.1 -3.4 4.2 -4.5CY 0.1 94.3 -0.8 -2.0 -0.6 : 0.5 1.6 -1.5 -3.0 -0.7 :LV 0.1 92.6 -1.5 2.2 2.0 -1.0 0.7 -1.0 3.9 -4.6 1.9 0.8LT 0.2 118.7 2.4 4.7 1.0 -0.6 7.2 -4.7 -4.5 3.5 -0.7 3.7LU 0.1 83.3 1.5 -1.2 -1.6 : -2.2 0.0 -3.1 2.3 -2.7 :HU 0.9 100.8 -0.1 4.0 1.3 1.7 2.1 -3.1 2.0 -4.2 7.6 2.1MT 0.1 98.8 -3.9 9.9 -1.6 -6.3 1.4 -3.6 2.8 -6.5 -3.0 4.5NL 4.1 106.0 -2.2 4.6 -0.6 0.6 1.5 -1.8 2.2 -0.3 -0.2 0.4AT 2.1 109.0 2.6 -0.1 0.2 : -0.4 -1.5 1.5 -2.8 2.0 :PL 4.0 138.0 -1.5 -0.8 0.3 1.0 3.1 -1.0 -1.4 -0.4 3.0 2.2PT 1.5 89.0 1.4 -4.0 0.7 -1.9 3.0 -2.0 -3.4 0.3 4.9 -7.2RO 0.8 102.6 2.1 -4.4 2.8 0.6 5.0 -0.3 -3.1 2.9 0.2 -0.5SI 0.4 113.6 -2.3 6.4 3.1 -1.2 0.7 0.7 -2.2 -0.3 -0.8 2.6SK 0.2 130.1 3.3 3.0 4.7 3.2 2.2 0.1 -0.4 -0.7 6.2 0.3FI 1.0 102.7 1.7 -7.1 5.5 1.0 1.2 18.1 -19.5 1.9 16.1 -4.4SE 2.5 101.2 -1.2 6.3 -0.2 -1.1 -1.7 4.1 -6.7 6.2 -8.4 6.1

UK 15.7 98.8 0.1 0.0 2.0 0.5 0.0 1.0 0.7 -0.1 0.3 -1.1NO - 97.3 -1.8 -2.4 2.9 -4.3 3.0 1.0 -2.7 -3.1 0.5 -0.1CH - : 0.4 3.0 -0.1 : : : : : : :

Table 2.6: Index o production, consumer nondurables, seasonally adjusted,gr

Documents

Analiza economica UE 2011