CIAA Economic Bulletin - Issue 4

At a glance:
The economic performance of the EU food and drink industry during the third quarter of 2010, in the context of overall industrial production in the EU.

Due to the irregular availability of official trade data, imports and exports represent the evolution within Q2 of 2010 year-on-year.

Summary

Q3 general industry highlights

Some increase in output but general image mitigated in Q3 of 2010

Food producer prices continue rising

Further growth in employment in the EU food and drink sector in Q3 of 2010

More international trade during Q2 of 2010 (year-on-year)

Other topics

Evolution of agricultural raw material prices during Q3 of 2010

Imported food prices continue to rise

Trade partner profile - Korea

Manufacturing output and new orders rising

The overall production of manufactured goods increased by +0.61% in EU 27, and by +0.21% in the euro area in Q3 of 2010 compared to Q2 of 2010.

Industrial production in September 2010 was higher in all Member States for which data is available, except for Greece (-7.6%), Portugal (-2.4%) and Spain (-1.4%), when compared to September 2009. The highest increases were registered in Estonia (+31.1%), Latvia (+19.0%), the Czech Republic (+12.2%), Poland (+12.1%) and Ireland (+10.9%).

New orders for manufactured goods rose by 1.75% in the euro area and by 1.58% in the EU27 in Q3 of 2010 compared to the previous quarter.

Source: Eurostat

Increase in retail trade volumes during Q3 of 2010 in EU 27, except for food

The volume of retail trade in “Food, drinks and tobacco” at the end of Q3 of 2010 was higher by 0.1% in the euro area, compared to the end of Q3 of 2009, but declined by 0.5% in the EU27. At the same time, the non-food sector retail trade increased by 2.6% and 3.5% respectively.

Among the Member States for which data is available, total retail trade rose in eleven and decreased in nine. The highest increases were observed in Poland (+9.9%), Belgium (+8.5%) and Latvia (+6.1%). Instead the largest decreases were observed in Spain (-4.9%), Bulgaria (-4.7%) and Slovakia (-1.8%).

Source: Eurostat

	CIAA represents the European food and drink industry - the leading manufacturing sector and major EU employer and exporter. CIAA's role is to represent the food and drink industries' interests, at the level of both European and international institutions.		Membership of CIAA is made up of 26 national federations, including 3 observers, 26 European sector associations and 20 major food and drink companies.

	For further information, please contact: Lisa McCooey, CIAA Communications Director - Tel: + 32 2 508 10 28 - [email protected]

At a glance:The economic performance of the EU food and drink industry during the third quarter of 2010, in the context of overall industrial production in the EU.

Summary

Other topics

At a glance:
The economic performance of the EU food and drink industry during the third quarter of 2010, in the context of overall industrial production in the EU.