Industrial production up by 0.4% in euro area

Industrial production up by 0.4% in euro area

Industrial production up by 0.4% in euro area

The FINANCIAL -- In December 2017 compared with November 2017, seasonally adjusted industrial production rose by 0.4% in the euro area (EA19) and by 0.3% in the EU28, according to estimates from Eurostat, the statistical office of the European Union.

In November 2017, industrial production rose by 1.3% in the euro area and by 1.2% in the EU28.

In December 2017 compared with December 2016, industrial production increased by 5.2% in the euro area and by 4.8% in the EU28.

The average industrial production for the year 2017, compared with 2016, rose by 3.0% in the euro area and by 3.3% in the EU28.

Monthly comparison by main industrial grouping and by Member State

The increase of 0.4% in industrial production in the euro area in December 2017, compared with November 2017, is due to production of durable consumer goods rising by 2.7%, intermediate goods by 1.4%, energy by 1.3% and non-durable consumer goods by 0.7%, while production of capital goods fell by 1.1%.

In the EU28, the increase of 0.3% is due to production of durable consumer goods rising by 2.6%, intermediate goods by 1.3% and non-durable consumer goods by 0.6%, while production of capital goods fell by 0.5% and energy by 0.3%.

Among Member States for which data are available, the highest increases in industrial production were registered in Romania (+3.8%), Ireland (+3.0%) and Slovenia (+2.7%), and the largest decreases in Slovakia (-2.7%), Lithuania (-2.6%) and the Czech Republic (-1.5%).

Annual comparison by main industrial grouping and by Member State

The increase of 5.2% in industrial production in the euro area in December 2017, compared with December 2016, is due to production of capital goods rising by 7.6%, durable consumer goods by 7.4%, intermediate goods by 6.6%, non-durable consumer goods by 3.1% and energy by 0.6%.

In the EU28, the increase of 4.8% is due to production of capital goods rising by 7.7%, durable consumer goods by 6.7%, intermediate goods by 6.0% and non-durable consumer goods by 2.5%, while production of energy fell by 0.1%.

Among Member States for which data are available, the highest increases in industrial production were registered in Romania (+13.5%), Slovenia (+12.2%) and Sweden (+8.5%), and the largest decreases in Croatia (-2.5%), Luxembourg (-2.3%) and Denmark (-2.2%).