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December 2012 compared with November 2012: Industrial production up by 0.7% in euro area

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In December 2012 compared with November 2012, seasonally adjusted industrial production grew by 0.7% in the euro area and by 0.5% in the EU27, according to estimates released by Eurostat, the statistical office of the European Union. <br/>

 

In November production fell by 0.7% and 0.6% respectively. In December 2012 compared with December 2011, industrial production decreased by 2.4% in the euro area and by 2.3% in the EU27. Compared with 2011, the average production index for 2012 dropped by 2.4% in the euro area and by 2.1% in the EU27.

Monthly comparison

In December 2012 compared with November 2012, production of non-durable consumer goods grew by 2.0% in the euro area and by 1.3% in the EU27. Durable consumer goods increased by 2.0% and 0.4% respectively. Capital goods rose by 1.3% in the euro area and by 1.2% in the EU27. Intermediate goods fell by 0.2% and 0.3% respectively. Production of energy dropped by 1.2% in the euro area and by 0.4% in the EU27.

Among the Member States for which data are available, industrial production rose in fourteen, fell in six and remained stable in Spain, France and Romania. The highest increases were registered in Ireland (+8.5%), Latvia and Slovenia (both +2.7%), and the largest decreases in Slovakia (-4.4%) and Denmark (-2.3%).

Annual comparison

In December 2012 compared with December 2011, production of intermediate goods fell by 4.6% in both the euro area and the EU27. Durable consumer goods dropped by 3.9% and 4.8% respectively. Capital goods decreased by 2.9% in the euro area and by 2.3% in the EU27. Non-durable consumer goods declined by 1.3% and 1.9% respectively. Production of energy increased by 1.2% in the euro area and by 0.4% 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%), Italy (-6.6%), the Czech Republic (-5.8%) and Poland
(-5.4%), and the highest increases in
Latvia (+10.7%), Malta (+10.3%) and Lithuania (+9.1%).

  1. Total industry excluding construction. The index of industrial production measures the evolution of the volume of production. According to the Council Regulation 1165/98 Eurostat publishes national seasonally adjusted data if available. For the other Member States (Greece, Spain, Cyprus and Luxembourg) Eurostat performs the adjustment. Seasonally adjusted euro area and EU series are calculated by aggregating the seasonally adjusted national data.

The weights of the Member States in the EU and euro area aggregates can be found at:

https://circabc.europa.eu/w/browse/b17d3ca3-51cc-44ab-92a8-433592393a61

See file: EU27_EA17_NEWS_RELEASE_WEIGHTINGS_2005_nace2 (NR ind_production).

More detailed data can be found in the short-term statistics database on the Eurostat website:

http://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/database

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