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- Eurozone industrial production fell more than expected in December
Eurozone industrial production fell more than expected in December
According to estimates from Eurostat, in December 2018 compared with November 2018, seasonally adjusted industrial production fell by 0.9% in the euro area (EA19) and by 0.5% in the EU28. Economists had expected a 0.4% decrease. In November 2018, industrial production fell by 1.7% in the euro area and by 1.2% in the EU28.
In December 2018 compared with December 2017, industrial production decreased by 4.2% in the euro area and by 2.7% in the EU28. Economists had expected a 3.2% decrease
The average industrial production for the year 2018, compared with 2017, rose by 1.1% in the euro area and by 1.3% in the EU28.
In the euro area in December 2018, compared with November 2018, production of both capital goods and nondurable consumer goods fell by 1.5% and energy by 0.4%, while production of intermediate goods remained unchanged and durable consumer goods rose by 0.7%. In the EU28, production of capital goods fell by 1.2% and non-durable consumer goods by 0.2%, while production of intermediate goods remained unchanged, energy rose by 0.4% and durable consumer goods by 0.1%.
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