CIAA Economic Bulletin - Issue 3   Printer friendly version

At a glance:
The economic performance of the EU food and drink industry during the second 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 Q1 of 2010 year-on-year.
SUMMARY
  • Q2 highlights: Slow increase in industrial production and retail trade
  • EU food and drink industry output looses momentum in Q2 of 2010
  • Food producer prices continue to rise in Q2 of 2010
  • Employment in the EU food and drink sector regains growth in Q2 of 2010 following a sharp decline in the previous quarter
  • Trade: Imports continue to shrink while exports recover during Q1 of 2010 (year-on-year)
 
OTHER TOPICS
  • Interview with Federalimentare: The Italian food industry - the challenging biennial 2009-2010
  • Evolution of agricultural raw material prices during Q2 of 2010
  • Imported food prices continue to rise amid relative decline of the Euro
  • Trade partner profile - Japan

 

Q2 highlights: Slow increase in industrial production and retail trade

Industrial production increased by +0.6% during the second quarter of 2010 both in EU 27 and the euro area compared to the previous quarter.

When compared to the previous year, industrial production increased by +8.4% in Q2 of 2010 compared to Q2 of 2009 in EU 27, and by +9.2% in the euro area respectively.

Industrial orders aggregated at EU 27 level were stable during Q2 of 2010, providing good prospects for an increase in industrial output during Q3 of 2010.

Source: Eurostat

Decline in retail trade volumes during Q2 of 2010 in EU 27.

In Q2 of 2010, compared with Q1 of 2010, "food and drink" fell by -0.2% in the euro area and by -0.3% in EU 27. The non-food sector remained stable both in the euro area and in the EU 27.

Among the Member States for which data are available, total retail trade in June 2010 increased in eleven States, remained stable in two and declined in six. The highest increases were observed in Romania (+3.1%), Slovakia (+2.6%), Belgium and Poland (both +1.6%), and the largest decreases in Malta (-1.6%), France (-1.3%) and Portugal (-1.1%).

When compared with June 2009, "food and drink" rose by +0.1% in the euro area, but fell by -0.2% in EU 27 in June 2010. The non-food sector rose by +1.4% and +2.1% respectively.

Source: Eurostat


CIAA
Confédération des industries Agro-Alimentaires de l'UE - Confederation of the food and drink industries of the EU

CIAA represents the European food and drink industry - the leading industrial 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]