Euro Area Industrial Output Growth Slows In December


Industrial production in the Euro Area rose 2 percent year-on-year in December of 2016, slowing from a 3.2 percent rise in November but slightly above expectations of 1.7 percent. On a monthly basis, production fell 1.6 percent, following a 1.5 percent drop in November and worse than market expectations of a 1.5 percent decline. It is the biggest decline since September of 2012.

Year-on-year, production rose for energy (6.5 percent); durable consumer goods (3.9 percent); intermediate goods (3.4 percent) and non-durable consumer goods (0.1 percent). In contrast, production of capital goods edged down 0.1 percent.

Among Member States for which data are available, the highest increases were recorded in Latvia (11.5 percent), Slovenia (10.2 percent) and Estonia  (10 percent). Production in Italy jumped 6.6 percent and increases were also seen in France (1.4 percent) and Spain (2 percent). In contrast, industrial output in Germany fell 0.8 percent and went down 1.8 percent in Ireland. 

On a monthly basis, production in the Euro Area fell for capital goods (-3.3 percent); energy (-1.4 percent); non-durable consumer goods (-1.2 percent) and intermediate goods (-0.2 percent). In contrast, production of durable consumer goods rose by 2.9 percent. 

Among Member States for which data are available, the largest decreases were registered in Ireland (-11.7 percent) and Germany (-3.1 percent). Production also fell in france (-0.9 percent),  and Spain (-0.4 percent) but rose in italy (1.4 percent). 

Euro Area Industrial Output Growth Slows In December


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
2/14/2017 10:30:07 AM