Euro Area Industrial Production Unexpectedly Slows in December


In December of 2013, Euro Area industrial production grew at a slower pace of 0.5 percent yoy, after rising by a revised 2.8 percent in the previous month. On a monthly basis, industrial output shrank 0.7 percent due to falling production of energy and capital goods.

Year-on-year, production of intermediate goods rose by 3.6 percent in the euro area and by 3.7 percent in the EU28. Capital goods fell by 0.3 percent in the euro area but 0.7 percent in the EU 28. Non-durable consumer goods decreased by 0.9 percent in the euro area but gained 0.3 percent in the EU 28. Durable consumer goods decreased by 1.2 percent and 0.8 percent respectively and energy fell 1.9 percent in the euro area and by 2.3 percent in the EU 28.

Among the Member States for which data are available, industrial production rose in ten and fell in thirteen. The highest increases were registered in Portugal (+7.1 percent), Romania (+7.0 percent), the Czech Republic (+6.7 percent) and Slovenia (+5.2 percent), and the largest decreases in Malta (-7.3 percent), Ireland (-6.7 percent), Estonia (-6.4 percent) and Finland (-4.8 percent).

In December 2013 compared with November 2013, production of capital goods decreased by 2.1 percent in the euro area and by 1.9 percent in the EU 28. Energy fell by 2.1 percent and 1.5 percent respectively. Non-durable consumer goods dropped by 0.1 percent in the euro area and increased by 0.1 percent in the EU 28. Durable consumer goods rose by 0.4 percent in the euro area, but decreased by 0.3 percent in the EU 28. Intermediate goods grew by 0.9 percent and 0.7 percent respectively.

Among the Member States for which data are available, industrial production fell in nineteen and rose in four. The largest decreases were registered in Estonia (-5.7 percent), Sweden (-2.7 percent), the Netherlands (-2.6 percent) and Croatia (-2.4 percent), and the increases in Slovenia (+2.7 percent), Greece (+2.6 percent), Portugal (+0.7 percent) and the United Kingdom (+0.4 percent). 


Euro Area Industrial Production Unexpectedly Slows in December


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
2/12/2014 10:25:38 AM