Eurozone industrial production down by 2.1% in December

According to the report from Eurostat, in December 2019 compared with November 2019, seasonally adjusted industrial production fell by 2.1% in the euro area (EA19) and by 2.0% in the EU27. Economists had expected a 1.6% decrease in the euro area. In November 2019, industrial production remained stable in the euro area and in the EU27.

In December 2019 compared with December 2018, industrial production decreased by 4.1% in the euro area and by 3.9% in the EU27. Economists had expected a 2.3% decrease in the euro area.

The average industrial production for the year 2019, compared with 2018, fell by 1.7% in the euro area and by 1.1% in the EU27

In the euro area in December 2019, compared with November 2019, production of capital goods fell by 4.0%, intermediate goods by 1.7%, non-durable consumer goods by 1.3%, durable consumer goods by 1.1% and energy by 0.5%. In the EU27, production of capital goods fell by 3.5%, intermediate goods by 1.6%, durable consumer goods by 1.4%, non-durable consumer goods by 1.2% and energy by 0.7%.

In the euro area in December 2019, compared with December 2018, production of capital goods fell by 6.7%, intermediate goods by 5.5%, energy by 2.3% and durable consumer goods by 1.4%, while production of nondurable consumer goods rose by 1.3%. In the EU27, production of capital goods fell by 6.0%, intermediate goods by 4.9%, energy by 3.0% and durable consumer goods by 0.9%, while production of non-durable consumer goods rose by 0.9%.