By / November 17, 2014

Change in manufacturing output in the past decade

Change in manufacturing output in the past decade

Change in manufacturing output in the past decade

Whilst in Greece, Spain, Cyprus or Croatia, the reduction
in industrial output lasted well beyond the recession
years – depicted in orange with darker tones indicating
more negative figures – in most countries, the
recovery – coloured in blue – was short lived. Only a
few Member States escaped the double dip that has
characterised the sluggish recovery of European industry
after the financial crisis.
Volume of industrial production is one of the indices in the list of Principal
European Economic Indicators, which measures changes in the volume of
industrial output. Details of the methodology used for its calculation can be
found on Eurostat’s site.
The percentage change in the volume index of production in manufacturing
is compared to the same period in the previous year. (Data is adjusted by
working days.) For the EU-28, the change in volume of manufactured production
is also presented, grouped by level of technological sophistication,
with the four groups defined on the basis of the R&D expenditures in relation
to value added. Exemples of the manufactured goods included in each
group can be found on Eurostat’s site.
Data source: Eurostat


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