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News : EU Economy Last Updated: Feb 14, 2011 - 12:18 PM


Industrial production fell 0.1% in both Eurozone and EU27 in month of December 2010 -- Annual rise of 8% and 7.7%
By Finfacts Team
Feb 14, 2011 - 12:15 PM

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In the month of December 2010, seasonally adjusted industrial production fell by 0.1% in both the Eurozone (EA16) and the EU272. In November 2010 production rose by 1.4% and 1.2% respectively.

In December 2010 compared with December 2009, industrial production grew by 8.0% in the Eurozone and by 7.7% in the EU27. Compared with 2009, the average production index for 2010 increased by 7.1% in the Eurozone and by 6.7% in the EU27.

December was a month of record low temperatures across Europe.

These estimates were issued today by Eurostat, the statistics office of the European Union.

Monthly comparison: In the month of December, production of energy grew by 2.4% in the Eurozone and by 1.7% in the EU27. Capital goods rose by 0.7% and 0.8% respectively. Non-durable consumer goods fell by 0.3% in the Eurozone and by 0.2% in the EU27. Durable consumer goods decreased by 1.0% and 0.1% respectively. Intermediate goods declined by 1.3% in both zones.

Among the member countries for which data are available, industrial production rose in ten, fell in nine and remained stable in Germany and the Netherlands. The highest increases were registered in Slovenia (+4.2%), Portugal (+3.8%) and Estonia (+1.3%), and the largest decreases in Latvia (-1.9%), Ireland (-1.7%) and Denmark (-1.3%).

Annual comparison: In December 2010 compared with December 2009, production of capital goods grew by 14.8% in the Eurozone and by 14.5% in the EU27. Intermediate goods increased by 7.8% and 7.9% respectively. Production of energy rose by 5.8% in the Eurozone and by 3.8% in the EU27. Durable consumer goods gained 2.1% and 1.8% respectively. Non-durable consumer goods grew by 1.9% in the Eurozone and by 2.5% in the EU27.

Industrial production rose in all member countries for which data are available, except Greece (-5.2%), Malta (-3.1%) and Spain (-0.1%). The highest increases were registered in Estonia (+38.4%), Ireland (+16.9%), Latvia (+15.7%), Lithuania (+14.2%) and Germany (+11.8%).

The Eurozone (EA16) consisted of 16 Member States up to 31 December 2010: Belgium, Germany, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland. From 1 January 2011 the Eurozone (EA17) also includes Estonia.

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).

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© Copyright 2011 by Finfacts.com

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