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Industrial production down by 1.6% in euro area

Staff Writer |
In December 2016 compared with November 2016, seasonally adjusted industrial production fell by 1.6% in the euro area (EA19) and by 1.0% in the EU28, according to estimates from Eurostat.

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In November 2016 industrial production rose by 1.5% in the euro area and by 1.6% in the EU28.

In December 2016 compared with December 2015, industrial production increased by 2.0% in the euro area and by 2.9% in the EU28.

The average industrial production for the year 2016, compared with 2015, rose by 1.3% in the euro area and by 1.4% in the EU28.

The decrease of 1.6% in industrial production in the euro area in December 2016, compared with November 2016, is due to production of capital goods falling by 3.3%, energy by 1.4%, non-durable consumer goods by 1.2% and intermediate goods by 0.2%, while production of durable consumer goods rose by 2.9%.

In the EU28, the decrease of 1.0% is due to production of capital goods falling by 2.2%, energy by 1.4% and nondurable consumer goods by 0.8%, while production of intermediate goods remained stable and production of durable consumer goods rose by 2.7%.

Among Member States for which data are available, the largest decreases in industrial production were registered in Ireland (-11.7%), Germany (-3.1%) and the Czech Republic (-2.2%), and the highest increases in Croatia (+3.9%), Greece and Malta (both +2.4%).

Annual comparison by main industrial grouping and by Member State The increase of 2.0% in industrial production in the euro area in December 2016, compared with December 2015, is due to production of energy rising by 6.5%, durable consumer goods by 3.9%, intermediate goods by 3.4% and non-durable consumer goods by 0.1%, while production of capital goods fell by 0.1%.

In the EU28, the increase of 2.9% is due to production of energy rising by 5.4%, intermediate goods by 4.6%, durable consumer goods by 4.5%, non-durable consumer goods by 1.4% and capital goods by 1.1%.

Among Member States for which data are available, the highest increases in industrial production were registered in Croatia (+14.9%), Latvia (+11.5%) and Denmark (+11.1%), while decreases were observed in Luxembourg (-5.1%), Ireland (-1.8%), Germany and Sweden (both -0.8%).