Eurozone industrial production declines by 0.1% in December

22:09, February 14, 2011      

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Industrial production in the eurozone declined by 0.1 percent in December 2010, compared with the previous month, the European Union's (EU's) statistical bureau Eurostat said on Monday.

Revised figures showed industrial production in the eurozone grew by 1.4 percent in November on a monthly basis.

In December, production of energy grew the most, up by 2.4 percent in the eurozone, while production of capital goods rose by 0.7 percent. Production of non-durable consumer goods and durable goods dropped by 0.3 percent and 1.0 percent respectively. Intermediate goods fell by 1.3 percent.

Year on year, eurozone industrial production increased by 8.0 percent in December.

In the 27-nation EU, industrial production also dropped by 0.1 percent in December compared with November, and by 7.7 percent over a year ago.

Among the member states for which data were available, industrial production rose in ten and fell in nine on a monthly basis. The most significant increase was registered in Slovenia, up by 4.2 percent, while the largest decrease was registered in Latvia, down by 1.9 percent.

Industrial production in Germany, the largest economy in the EU, remained stable month on month.

Source: Xinhua
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