CIAA Economic Bulletin - Issue 4   Printer friendly version

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

 

Q3 general industry highlights

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