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Industrial Production Down by 1.1% in Euro Area in December 2011
added: 2012-02-14

In December 2011 compared with November 2011, seasonally adjusted industrial production fell by 1.1% in the euro area (EA17) and by 0.6% in the EU27. In November production remained stable in both zones.

In December 2011 compared with December 2010, industrial production dropped by 2.0% in the euro area and by 0.9% in the EU27.

Compared with 2010, the average production index for 2011 increased by 3.5% in the euro area and by 3.3% in the EU27.

Monthly comparison

In December 2011 compared with November 2011, production of energy fell by 2.0% in the euro area and by 1.2% in the EU27. Capital goods decreased by 0.8% and 0.1% respectively. Intermediate goods dropped by 0.7% in the euro area and by 0.2% in the EU27. Non-durable consumer goods remained stable in the euro area and rose by 0.4% in the EU27. Production of durable consumer goods increased by 0.2% and 0.4% respectively.

Among the Member States for which data are available, industrial production fell in twelve and rose in eleven. The largest decreases were registered in Malta (-2.9%), Germany (-2.7%), Greece and Latvia (both -2.4%), and the highest increases in Denmark (+3.3%), Finland (+2.6%) and Ireland (+2.5%).

Annual comparison

In December 2011 compared with December 2010, production of energy fell by 11.9% in the euro area and by 10.6% in the EU27. Durable consumer goods decreased by 3.9% and 0.7% respectively. Non-durable consumer goods dropped by 0.8% in the euro area, but rose by 0.8% in the EU27. Intermediate goods fell by 0.5% in the euro area, but grew by 0.5% in the EU27. Capital goods increased by 0.8% and 2.3% respectively.

Among the Member States for which data are available, industrial production fell in fifteen and rose in eight. The highest decreases were registered in Greece (-12.4%), Luxembourg (-9.6%) and Portugal (-8.9%), and the largest increases in Poland (+10.0%), the Czech Republic (+4.4%) and Latvia (+3.2%).


Source: Eurostat

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