Euro Area Industrial Production Falls in December


Eurozone industrial output shrank 0.2 percent year-on-year in December, after declining a revised 0.8 percent in November driven by lower energy production.

In December, production of energy fell the most 1.7 percent, durable consumer goods went down 0.5 percent, capital goods decreased 0.3 percent and intermediate goods dropped 0.2 percent. In contrast, non-durable consumer goods rose by 0.7 percent. 

In the EU28, the increase of 0.3 percent is due to production of durable consumer goods rising by 3.0 percent, capital goods by 1.2 percent, intermediate goods by 0.8 percent and non-durable consumer goods by 0.5 percent, while energy fell by 1.8 percent.

The largest decreases in industrial production were registered in Greece (-4.2 percent), Malta (-3.8 percent) and Portugal (-3.1 percent), and the highest increases in Ireland (+18.2 percent), Estonia (+7.6 percent) and Poland (+5.7 percent).

On a monthly basis, industrial production was stable in the euro area in December 2014 due to production of durable consumer goods rising by 2.3 percent, intermediate goods by 1.1 percent, energy by 1.0 percent and capital goods by 0.2 percent, while non-durable consumer goods fell by 1.8 percent.

In the EU 28, the increase of 0.1 percent is due to production of durable consumer goods rising by 2.0 percent, intermediate goods by 1.0 percent, capital goods by 0.7 percent and energy by 0.3 percent, while non-durable consumer goods fell by 1.4 percent.

The largest decreases in industrial production were registered in Ireland (-12.4 percent), Portugal (-3.6 percent) and Malta (-3.3 percent), and the highest increases in Poland (+2.0 percent), France (+1.6 percent) and Sweden (+1.2 percent).

Euro Area Industrial Production Falls in December


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
2/12/2015 10:34:30 AM