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Euro area industrial output down 0.7 percent in Dec from Nov

Wednesday, 12 February 2014 16:48:16 (GMT+3)   |   Istanbul

In December last year, seasonally-adjusted industrial production decreased by 0.7 percent in both the euro area and in the EU-28 as compared with November, while industrial production in November had increased by 1.6 percent and by 1.3 percent month on month in the respective areas. In December last year compared with December 2012, industrial production increased by 0.5 percent in the euro area and by 0.9 percent in the EU-28. These figures are released by Eurostat, the Statistical Office of the European Union.
 
As compared to November, in December last year the production of capital goods decreased by 2.1 percent in the euro area and by 1.9 percent in the EU-28. Meanwhile, in the given month, production of non-durable consumer goods dropped by 0.1 percent in the euro area and increased by 0.1 percent in the EU-28, while production of intermediate goods increased by 0.9 percent in the euro area and by 0.7 percent in the EU-28, month on month. In December last year, production of durable consumer goods increased by 0.4 percent in the euro area, but decreased by 0.3 percent in the EU-28, while production of energy fell by 2.1 percent in the euro area and by 1.5 percent in the EU-28, all month on month.  
 
Among member states for which data are available, in December last year industrial production fell in 19 states and rose in four, on month-on-month basis. The highest increases were registered in Slovenia (+2.7 percent), Greece (+2.6 percent), Portugal (+0.7 percent), and the UK (+0.4 percent), and the largest decreases in Estonia (-5.7 percent), Sweden (-2.7 percent), the Netherlands (-2.6 percent) and Croatia (-2.4 percent).

As compared to the same month of 2012, in December last year production of non-durable consumer goods decreased by 0.9 percent in the euro area, but increased by 0.3 percent in the EU-28, while production of intermediate goods rose by 3.6 percent in the euro area and by 3.7 percent in the EU-28. Production of durable consumer goods dropped by 1.2 percent in the euro area and by 0.8 percent in the EU-28. Production of energy dropped by 1.9 percent in the euro area and by 2.3 percent in the EU-28, while production of capital goods decreased by 0.3 percent in the euro area but increased by 0.7 percent in the EU-28, all year on year.

Among the member states for which data are available, in December last year industrial production fell in 13 states and rose in 10, on year-on-year basis. The largest decreases were registered in Malta (-7.3 percent), Ireland (-6.7 percent), Estonia (-6.4 percent) and Finland (-4.8 percent), and the highest increases in Portugal (+7.1 percent), Romania (+7.0 percent), the Czech Republic (+6.7 percent) and Slovenia (+5.2 percent).