Euro Area Industrial Production Contracts 1.3 Percent in January


In January 2013 compared with January 2012, industrial production decreased by 1.3 percent in the Euro Area and by 1.7 percent in the EU27. In January 2013 compared with December 2012, seasonally adjusted industrial production fell by 0.4 percent in both the Euro Area and the EU27, according to estimates released by the statistical office of the European Union.

In January 2013 compared with the same month in the previous year, production of durable consumer goods fell by 5.5 percent in the Euro Area and by 4.3 percent in the EU27. Intermediate goods dropped by 3.1 percent and 3.4 percent respectively. Capital goods decreased by 2.6 percent in both zones. Production of energy increased by 0.9 percent in the Euro Area and remained stable in the EU27. Non-durable consumer goods rose by 3.1 percent and 2.2 percent respectively. 

Among the Member States for which data are available, industrial production fell in eleven and rose in seven. The largest decreases were registered in Sweden (-5.9 percent), Finland (-5.4 percent), Greece and Spain (both -5.0 percent), and the highest increases in Bulgaria and Lithuania (both +8.0 percent) and Estonia (+5.5 percent).
 

Eurostat | Nuno Fontes | nuno@tradingeconomics.com
3/13/2013 10:08:30 AM