Eurozone industrial production unchanged in Dec
by ChemOrbis Editorial Team - content@chemorbis.com
According to data from Eurostat, industrial production in the eurozone followed a stable trend on a monthly basis in December after increasing for three straight months. For November, factory output growth in the eurozone was revised down to 0.1% from 0.2%.
On a yearly basis, factory output in the eurozone decreased 0.2% after falling 0.8% in November. Economists’ initial forecasts called for a 0.3% increase for December. According to Eurostat, production of energy fell by 1.7%, durable consumer goods by 0.5%, capital goods by 0.3% and intermediate goods by 0.2% year over year. However, production of non-durable consumer goods climbed 0.7% in December.
The report showed that the largest decreases in industrial production were reported in Greece (-4.2%), Malta (-3.8%) and Portugal (-3.1%) while the highest increases were seen in Ireland, Estonia and Poland by 18.2%, 7.6% and 5.7%, respectively.
On a yearly basis, factory output in the eurozone decreased 0.2% after falling 0.8% in November. Economists’ initial forecasts called for a 0.3% increase for December. According to Eurostat, production of energy fell by 1.7%, durable consumer goods by 0.5%, capital goods by 0.3% and intermediate goods by 0.2% year over year. However, production of non-durable consumer goods climbed 0.7% in December.
The report showed that the largest decreases in industrial production were reported in Greece (-4.2%), Malta (-3.8%) and Portugal (-3.1%) while the highest increases were seen in Ireland, Estonia and Poland by 18.2%, 7.6% and 5.7%, respectively.
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