European Industrial Production Down 1.6% in December - Modern Distribution Management

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European Industrial Production Down 1.6% in December

Industrial production down 1 percent in the EU28.
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European seasonally adjusted industrial production fell by 1.6 percent in December in the euro area (EA19) and by 1 percent in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In November, industrial production rose by 1.5 percent in the euro area and by 1.6 percent in the EU28.

In December 2016 compared with December 2015, industrial production increased by 2 percent in the euro area and by 2.9 percent in the EU28.

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

The decrease of 1.6 percent 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 percent, energy by 1.4 percent, non-durable consumer goods by 1.2 percent and intermediate goods by 0.2 percent, while production of durable consumer goods rose by 2.9 percent.

In the EU28, the decrease of 1 percent is due to production of capital goods falling by 2.2 percent, energy by 1.4 percent and non-durable consumer goods by 0.8 percent, while production of intermediate goods remained stable and production of durable consumer goods rose by 2.7 percent.

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

The increase of 2 percent in industrial production in the euro area in December 2016, compared with December 2015, is due to production of energy rising by 6.5 percent, durable consumer goods by 3.9 percent, intermediate goods by 3.4 percent and non-durable consumer goods by 0.1 percent, while production of capital goods fell by 0.1 percent.

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

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

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