Statistics in Focus. EU-15 industrial production rises 0.4% in August 2000 Extract from Monthly Panorama of European Business.

Abstract

The most recent figures for the Triad economies show that since mid-1999 industrial production growth has followed a fairly similar pattern of development in the EU, Japan and the USA (in terms of the rates of change for industrial production). Prior to this date there were very different developments: EU industrial production was growing at a moderate pace, with periods of rapid growth interspersed by periods when output did not evolve (1995 and most of 1996 and 1998). Japanese output expanded rapidly up until 1997, after which the Asian crisis reduced production to output levels below those of 1995. Only during the last twelve months has there been evidence of a return to growth in the Japanese industrial economy. In the USA there has been almost uninterrupted growth for industrial production from 1995 onwards.