Production of capital goods posted the biggest decrease (-5.5 percent vs -4.4 percent in November), followed by durable consumer goods (-4.4 percent vs -3.6 percent), enery (-4.2 percent vs -4 percent), intermediate goods (-4 percent vs -3.1 percent) and non-durable consumer goods (-1.8 percent vs 0.9 percent).
Among Eurozone's largest economies, Spain's industrial output contracted the most (-6.7 percent vs -3.2 percent), followed by Italy (-5.5 percent vs -2.6 percent), Germany (-3.9 percent vs -4.5 percent) and France (-1.7 percent vs -2 percent).
In the EU28, industrial production shrank 2.7 percent percent in December (vs -1.9 percent in November) as output contracted for all categories: capital goods (-4.2 percent vs -2.9 percent); intermediate goods (-3.2 percent vs -2.3 percent); durable consumer goods (-2.9 percent vs -1.4 percent); energy (-1.5 percent vs -3.2 percent); and non-durable consumer goods (-0.2 percent vs 1.2 percent).
On a monthly basis, industrial output fell 0.9 percent in December (vs -1.7 percent in November), worse than market expectations of a 0.4 percent drop. Output shrank for capital goods (-1.5 percent vs -2.7 percent), non-durable consumer goods (-1.5 percent vs -0.4 percent) and energy (-0.4 percent vs 0.2 percent). On the other hand, production of durable consumer goods rose 0.7 percent (vs -1.8 percent in November) while that of intermediate goods was unchanged (vs -1.2 percent in November).
The biggest output declines were seen in Spain (-1.4 percent vs -1.9 percent) and Italy (-0.8 percent vs -1.7 percent), while production increased in France (0.8 percent vs -1.4 percent) and Germany (0.2 percent vs -1.4 percent).
In the EU28, output went down 0.5 percent in December (vs -1.2 percent in November) due to production of capital goods (-1.2 percent vs -2 percent) and non-durable consumer goods (-0.2 percent, the same as in November). Meanwhile, intermediate goods production was flat (vs -1.1 percent in November), while output growth was recorded for both energy (0.4 percent vs -0.1 percent) and durable consumer goods (0.1 percent vs -1.2 percent).
