December 2012 compared with November 2012 Industrial production up by 0.7% in euro area Up by 0.5% in EU27
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1 22/ February 2013 December 2012 compared with November 2012 Industrial production up by 0.7% in euro area Up by 0.5% in EU27 In December 2012 compared with November 2012, seasonally adjusted industrial production 1 grew by 0.7% in the euro area 2 (EA17) and by 0.5% in the EU27 2, according to estimates released by Eurostat, the statistical office of the European Union. In November 3 production fell by 0.7% and 0.6% respectively. In December 2012 compared with December 2011, industrial production decreased by 2.4% in the euro area and by 2.3% in the EU27. Compared with 2011, the average production index for 2012 dropped by 2.4% in the euro area and by 2.1% in the EU27.
2 Monthly comparison In December 2012 compared with November 2012, production of non-durable consumer goods grew by 2.0% in the euro area and by 1.3% in the EU27. Durable consumer goods increased by 2.0% and 0.4% respectively. Capital goods rose by 1.3% in the euro area and by 1.2% in the EU27. Intermediate goods fell by 0.2% and 0.3% respectively. Production of energy dropped by 1.2% in the euro area and by 0.4% in the EU27. Among the Member States for which data are available, industrial production rose in fourteen, fell in six and remained stable in Spain, France and Romania. The highest increases were registered in Ireland (+8.5%), Latvia and Slovenia (both +2.7%), and the largest decreases in Slovakia (-4.4%) and Denmark (-2.3%). Annual comparison In December 2012 compared with December 2011, production of intermediate goods fell by 4.6% in both the euro area and the EU27. Durable consumer goods dropped by 3.9% and 4.8% respectively. Capital goods decreased by 2.9% in the euro area and by 2.3% in the EU27. Non-durable consumer goods declined by 1.3% and 1.9% respectively. Production of energy increased by 1.2% in the euro area and by 0.4% in the EU27. Among the Member States for which data are available, industrial production fell in fifteen and rose in eight. The largest decreases were registered in Spain (-6.9%), Italy (-6.6%), the Czech Republic (-5.8%) and Poland (-5.4%), and the highest increases in Latvia (+10.7%), Malta (+10.3%) and Lithuania (+9.1%). 1. Total industry excluding construction. The index of industrial production measures the evolution of the volume of production. According to the Council Regulation 1165/98 Eurostat publishes national seasonally adjusted data if available. For the other Member States (Greece, Spain, Cyprus and Luxembourg) Eurostat performs the adjustment. Seasonally adjusted euro area and EU series are calculated by aggregating the seasonally adjusted national data. The weights of the Member States in the EU and euro area aggregates can be found at: See file: EU27_EA17_NEWS_RELEASE_WEIGHTINGS_2005_nace2 (NR ind_production). More detailed data can be found in the short-term statistics database on the Eurostat website: 2. The euro area (EA17) includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland. The EU27 includes Belgium (BE), Bulgaria (BG), the Czech Republic (CZ), Denmark (DK), Germany (DE), Estonia (EE), Ireland (IE), Greece (EL), Spain (ES), France (FR), Italy (IT), Cyprus (CY), Latvia (LV), Lithuania (LT), Luxembourg (LU), Hungary (HU), Malta (MT), the Netherlands (NL), Austria (AT), Poland (PL), Portugal (PT), Romania (RO), Slovenia (SI), Slovakia (SK), Finland (FI), Sweden (SE) and the United Kingdom (UK). 3. Compared with data issued in the News Release 6/2013 of 14 January 2013, the monthly growth rates for November 2012 have been revised from -0.3% to -0.7% in the euro area and from -0.3% to -0.6% in the EU27. The annual growth rates for November 2012 have been revised from -3.7% to -4.0% in the euro area and from -3.3% to -3.6% in the EU27. In order to reflect changes in the structure of the economy, the base year of all short-term business statistics (STS) will be updated from 2005 to 2010, starting with the publication of data for the reference month January The four STS indicators regularly covered by Eurostat News Releases are: industrial producer prices, retail trade turnover, industrial production, and production in construction. Data for January 2013 for these indicators will be published progressively through March Issued by: Eurostat Press Office Tim ALLEN Tel: For further information on data: Digna AMIL Tel: Eurostat news releases on the internet: Selected Principal European Economic Indicators:
3 Industrial production - monthly variation % change compared with previous month* Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 EA17 Total industry Intermediate goods Energy Capital goods Durable consumer goods Non-durable consumer goods EU27 Total industry Intermediate goods Energy Capital goods Durable consumer goods Non-durable consumer goods Total industry Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 EA EU Belgium : Bulgaria Czech Republic Denmark Germany Estonia Ireland Greece Spain France Italy Cyprus : Latvia Lithuania Luxembourg ** Hungary : Malta Netherlands Austria : Poland Portugal Romania Slovenia Slovakia Finland Sweden United Kingdom Norway * Seasonally adjusted ** Estimated by Member State
4 Industrial production - annual variation % change compared with same month of the previous year* Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 EA17 Total industry Intermediate goods Energy Capital goods Durable consumer goods Non-durable consumer goods EU27 Total industry Intermediate goods Energy Capital goods Durable consumer goods Non-durable consumer goods Total industry Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 EA EU Belgium : Bulgaria Czech Republic Denmark Germany Estonia Ireland Greece Spain France Italy Cyprus : Latvia Lithuania Luxembourg ** Hungary : Malta Netherlands Austria : Poland Portugal Romania Slovenia Slovakia Finland Sweden United Kingdom Norway * Working day adjusted ** Estimated by Member State
5 Production indices for total industry excluding construction seasonally adjusted (base year 2005) 12/11 01/12 02/12 03/12 04/12 05/12 06/12 07/12 08/12 09/12 10/12 11/12 12/12 EA EU BE : BG CZ DK DE EE IE EL ES FR IT CY : LV LT LU * HU : MT NL AT : PL PT RO SI SK FI SE UK NO * Estimated by Member State
6 Production indices for total industry excluding construction working day adjusted (base year 2005) 12/09 12/10 12/11 01/12 02/12 03/12 04/12 05/12 06/12 07/12 08/12 09/12 10/12 11/12 12/12 EA EU BE : BG CZ DK DE EE IE EL ES FR IT CY : LV LT LU * HU : MT NL AT : PL PT RO SI SK FI SE UK NO * Estimated by Member State
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