Euro Area Industrial Production Down 3.1% in February


In February 2013 compared with February 2012, industrial production decreased by 3.1 percent in the Euro Area and by 2.5 percent in the EU27. In February 2013 compared with January 2013, seasonally adjusted industrial production grew 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 February 2013 compared with February 2012, production of energy fell by 6.1 percent in the euro area and by 5.9 percent in the EU27. Durable consumer goods dropped by 4.8 percent and 4.5 percent respectively. Capital goods decreased by 3.5 percent in the euro area and by 2.8 percent in the EU27. Intermediate goods fell by 3.0 percent and 2.5 percent respectively. Non-durable consumer goods grew by 0.1% in the euro area and by 0.7 percent in the EU27.

Among the Member States for which data are available, industrial production fell in sixteen and rose in six. The largest decreases were registered in Finland (-7.5 percent), Spain (-6.5 percent), Greece (-3.9 percent) and Italy (-3.8 percent), and the highest increases in Romania (+6.5 percent), Bulgaria (+5.1 percent) and Slovenia (+3.3 percent). 

Eurosta| Nuno Fontes | nuno@tradingeconomics.com
4/12/2013 10:09:53 AM