Industrial production in the euro area fell in December


Statistical Office Eurostat published data on the state of industrial production in the Eurozone in December. According to these data, the volume of industrial production fell in the last month of last year by 0.9%. The speed of its fall slowed down compared with a decrease of 1.7% in November, but it turned out to be higher than the 0.4% drop expected by economists. Compared to the same month a year earlier, the indicator fell by 4.2%, which also exceeded the forecasts of experts who had expected a decline of only 3.2%. Eurozone countries produced 0.4% less energy in December than in November. At the same time, there was a growth in the output of durable goods by 0.7%. Production of capital and non-durable goods decreased by 1.5%. The December data for the European Union also showed a decline in industrial output by 0.5% compared to November and by 2.7% compared with a year earlier.

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