Euro Area Industrial Production Decreases 2.4 Percent in December


In December 2012 compared with December 2011, industrial production decreased by 2.4 percent in the euro area and by 2.3 percent in the EU27. In December 2012 compared with November 2012, seasonally adjusted industrial production grew by 0.7 percent in the euro area and by 0.5 percent in the EU27, according to estimates released by Eurostat.

In December 2012 compared with December 2011, production of intermediate goods fell by 4.6 percent in both the euro area and the EU27. Durable consumer goods dropped by 3.9 percent and 4.8 percent respectively. Capital goods decreased by 2.9 percent in the euro area and by 2.3 percent in the EU27. Non-durable consumer goods declined by 1.3 percent and 1.9 percent respectively. Production of energy increased by 1.2 percent in the euro area and by 0.4 percent in the EU27. 

Among the Member States for which data are available, industrial production fell in fifteen and rose in eight. The largest decreases were registered in  Spain  (-6.9 percent),  Italy  (-6.6 percent), the  Czech Republic  (-5.8 percent) and  Poland (-5.4 percent), and the highest increases in Latvia (+10.7 percent), Malta (+10.3 percent) and Lithuania (+9.1 percent).  
 
In December 2012 compared with November 2012, production of non-durable consumer goods grew by 2.0 percent in the euro area and by 1.3 percent in the  EU27. Durable consumer goods increased by 2.0 percent and 0.4 percent respectively. Capital goods rose by 1.3 percent in the euro area and by 1.2 percent in the EU27. Intermediate goods fell by 0.2 percent and 0.3 percent respectively. Production of energy dropped by 1.2 percent in the euro area and by 0.4 percent in the EU27
 

Eurostat | Nuno Fontes | nuno@tradingeconomics.com
2/13/2013 10:08:00 AM