The 2020 Mid-Year Economic Update_long

European Industrial Production Stable in December

Production increased by 0.1 percent in EU28.

Compared with November 2014, seasonally adjusted industrial production in December was stable in the euro area (EA18) and rose by 0.1 percent in the EU28, according to estimates from Eurostat, the statistical office of the European Union.

In November, industrial production grew by 0.1 percent in both zones.

In December compared with December 2013, industrial production decreased by 0.2 percent in the euro area and increased by 0.3 percent in the EU28.

The average industrial production for 2014, compared with 2013, rose by 0.6 percent in the euro area and by 1 percent in the EU28.

Industrial production was stable in the euro area in December 2014, compared with November 2014, due to production of durable consumer goods rising by 2.3 percent, intermediate goods by 1.1 percent, energy by 1 percent and capital goods by 0.2 percent, while non-durable consumer goods fell by 1.8 percent.

In the EU28, the increase of 0.1 percent is due to production of durable consumer goods rising by 2 percent, intermediate goods by 1 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 percent), France (+1.6 percent) and Sweden (+1.2 percent).

Annual comparison

The decrease of 0.2 percent in industrial production in the euro area in December 2014, compared with December 2013, is due to production of energy falling by 1.7 percent, durable consumer goods by 0.5 percent, capital goods by 0.3 percent and intermediate goods by 0.2 percent, while 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 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).

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