The FINANCIAL — In December 2012 compared with November 2012, seasonally adjusted industrial production1 grew by 0.7% in the euro area (EA17) and by 0.5% in the EU272, according to estimates released by Eurostat, the statistical office of the European Union.
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.
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%).
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%).
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