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European Industrial Production Down from November

Seasonally adjusted industrial production fell by 0.7 percent in December 2013 compared with November 2013 in both the euro area (EA17) and the EU28, according to estimates from Eurostat, the statistical office of the European Union. In November, industrial production rose by 1.6 percent and 1.3 percent respectively.

Compared with December 2012, industrial production grew by 0.5 percent in the euro area and by 0.9 percent in the EU28.

Average industrial production for the year 2013, compared with 2012, dropped by 0.8 percent in the euro area and by 0.5 percent in the EU28.

Compared with November 2013, December production of capital goods decreased by 2.1 percent in the euro area and by 1.9 percent in the EU28. 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 EU28. Durable consumer goods rose by 0.4 percent in the euro area, but decreased by 0.3 percent in the EU28. Intermediate goods grew by 0.9 percent and 0.7 percent respectively.

Among the member states for which data is available, industrial production fell in 19 and rose in four. The largest decreases were registered in Estonia (down 5.7 percent), Sweden (down 2.7 percent), the Netherlands (down 2.6 percent) and Croatia (down 2.4 percent), and the increases in Slovenia (up 2.7 percent), Greece (up 2.6 percent), Portugal (up 0.7 percent) and the United Kingdom (up 0.4 percent).

Compared with December 2012, 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 grew by 0.7 percent in the EU28. Nondurable consumer goods decreased by 0.9 percent in the euro area, but gained 0.3 percent in the EU28. Durable consumer goods decreased by 1.2 percent and 0.8 percent respectively. Energy fell by 1.9 percent in the euro area and by 2.3 percent in the EU28.

Among the Member States for which data is available, industrial production rose in 10 and fell in 13. The highest increases were registered in Portugal (up 7.1 percent), Romania (up 7.0 percent), the Czech Republic (up 6.7 percent) and Slovenia (up 5.2 percent), and the largest decreases in Malta (down 7.3 percent), Ireland (down 6.7 percent), Estonia (down 6.4 percent) and Finland (down 4.8 percent).

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