Industrial production fell 0.3% in euro area, EU in November from October, easing from the 1%, 0.8% monthly drops in October from September; year-over-year, industrial production fell 3.7%, 3.3%, respectively

BRUSSELS , January 14, 2013 (press release) – In November 2012 compared with October 2012, seasonally adjusted industrial production1 fell by 0.3% in both the euro area2 (EA17) and the EU272, according to estimates released by Eurostat, the statistical office of the European Union. In October3 production decreased by 1.0% and 0.8% respectively.

In November 2012 compared with November 2011, industrial production dropped by 3.7% in the euro area and by 3.3% in the EU27.

Monthly comparison

In November 2012 compared with October 2012, production of energy fell by 1.6% in the euro area and by 0.7% in the EU27. Non-durable consumer goods decreased by 1.2% in both zones. Production of durable consumer goods declined by 1.1% in the euro area and by 1.4% in the EU27. Intermediate goods dropped by 0.3% and 0.4% respectively. Capital goods grew by 0.7% in the euro area and by 0.5% in the EU27.

Among the Member States for which data are available, industrial production fell in fourteen and rose in seven. The largest decreases were registered in Slovenia (-4.0%), Portugal (-3.4%) and Spain (-2.5%), and the highest increases in Estonia (+4.7%), Latvia and the Netherlands (both +1.0%).

Annual comparison

In November 2012 compared with November 2011, production of durable consumer goods fell by 7.7% in the euro area and by 6.8% in the EU27. Intermediate goods dropped by 4.8% and 4.3% respectively. Capital goods decreased by 4.4% in the euro area and by 3.7% in the EU27. Non-durable consumer goods declined by 3.0% and 2.7% respectively. Production of energy increased by 0.5% in the euro area, but fell by 0.6% in the EU27.

Among the Member States for which data are available, industrial production fell in sixteen and rose in five. The largest decreases were registered in Italy (-7.6%), Spain (-7.2%) and Ireland (-6.6%), and the highest increases in Lithuania (+8.9%), Estonia (+6.5%) and Malta (+6.1%).

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:

https://circabc.europa.eu/w/browse/b17d3ca3-51cc-44ab-92a8-433592393a61

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:

http://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/database

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).

Compared with data issued in the News Release 178/2012 of 12 December 2012, the monthly growth rates for October 2012 have been revised from -1.4% to -1.0% in the euro area and from -1.0% to -0.8% in the EU27. The annual growth rates have been revised from -3.6% to -3.3% in the euro area and from -3.1% to -3.0% in the EU27.

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