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Industrial Production Down by 1.4% in Euro Area in October 2012
added: 2012-12-12

In October 2012 compared with September 2012, seasonally adjusted industrial production fell by 1.4% in the euro area (EA17) and by 1.0% in the EU27, according to estimates released by Eurostat, the statistical office of the European Union. In September production decreased by 2.3% and 2.1% respectively.

In October 2012 compared with October 2011, industrial production dropped by 3.6% in the euro area and by 3.1% in the EU27.

Monthly comparison

In October 2012 compared with September 2012, production of durable consumer goods fell by 3.8% in the euro area and by 1.5% in the EU27. Capital goods decreased by 3.0% and 2.3% respectively. Production of energy declined by 1.5% in the euro area and by 1.0% in the EU27. Intermediate goods dropped by 1.2% and 1.0% respectively, while non-durable consumer goods rose by 1.2% in the euro area and by 0.6% in the EU27.

Among the Member States for which data are available, industrial production fell in fourteen, rose in eight and remained stable in Romania. The largest decreases were registered in Estonia (-5.3%), the Netherlands (-4.7%), Slovakia (-3.9%) and Germany (-2.4%), and the highest increases in Portugal (+4.8%), Ireland (+2.7%) and Poland (+1.9%).

Annual comparison

In October 2012 compared with October 2011, production of durable consumer goods fell by 6.0% in the euro area and by 4.0% in the EU27. Intermediate goods dropped by 4.6% and 4.1% respectively. Capital goods declined by 4.3% in the euro area and by 3.4% in the EU27. Non-durable consumer goods decreased by 2.2% and 1.9% respectively. Production of energy grew by 0.4% in the euro-area, but fell by 0.9% in the EU27.

Among the Member States for which data are available, industrial production fell in thirteen and rose in ten. The largest decreases were registered in Ireland (-16.2%), Italy (-6.2%), Bulgaria (-4.2%), the Netherlands and Portugal (both -3.9%) and Germany (-3.8%), and the highest increases in Lithuania (+10.3%), Slovakia (+8.1%) and Malta (+4.5%).


Source: Eurostat

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