Industrial production down by 1.0% in both euro area and EU28

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The FINANCIAL — In December 2015 compared with November 2015, seasonally adjusted industrial production fell by 1.0% in both the euro area (EA19) and the EU28, according to estimates from Eurostat, the statistical office of the European Union. In November 2015 industrial production fell by 0.5% in both zones.

In December 2015 compared with December 2014, industrial production decreased by 1.3% in the euro area and by 0.8% in the EU28.

The average industrial production for the year 2015, compared with 2014, rose by 1.4% in the euro area and by 1.7% in the EU28.

Monthly comparison by main industrial grouping and by Member State

The decrease of 1.0% in industrial production in the euro area in December 2015, compared with November 2015, is due to production of energy falling by 2.4%, capital goods by 1.9% and both intermediate goods and non-durable consumer goods by 0.3%, while production of durable consumer goods rose by 1.4%.

In the EU28, the decrease of 1.0% is due to production of energy falling by 2.8%, capital goods by 1.6% and intermediate goods by 0.4%, while production of non-durable consumer goods rose by 0.1% and durable consumer goods by 1.5%.

Among Member States for which data are available, the largest decreases in industrial production were registered in Ireland (-4.3%), Lithuania and Sweden (both -3.3%), and the highest increases in Denmark (+2.9%), the Netherlands (+1.5%) and Greece (+1.4%).

Annual comparison by main industrial grouping and by Member State

The decrease of 1.3% in industrial production in the euro area in December 2015, compared with December 2014, is due to production of energy falling by 7.3% and capital goods by 2.6%, while production of intermediate goods rose by 0.4%, durable consumer goods by 0.8% and non-durable consumer goods by 1.4%.

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In the EU28, the decrease of 0.8% is due to production of energy falling by 5.7% and capital goods by 1.4%, while production of intermediate goods rose by 0.1%, non-durable consumer goods by 1.4% and durable consumer goods by 1.5%.

Among Member States for which data are available, the largest decreases in industrial production were registered in the Netherlands (-9.4%), Estonia (-8.8%) and Germany (-2.3%), and the highest increases in Ireland (+18.5%), Hungary (+6.9%) and Malta (+5.7%).

 

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