Industrial Production in Euro Area is Stable

• 02.12.2015, 18:23
•  Europe,  World

Although there is an economic crisis in Europe, some statistical numbers recorded positive results in industrial production. By the estimation of Eurostat seasonally adjusted industrial production in euro area and EU28 zone had a stable growth by 0.1% in 2014 December compared with 2014 November. The index of industrial production measures the evaluation of the volume of production for industry excluding construction, based on data adjusted for working day and seasonal effects (explanation by Eurostat). On the other hand the industrial production in December 2014 compared with December 2013 decreased by 0.2% in the euro area, but decreased by 0.3% in the EU28. Indeed, average industrial production for the year 2014 rose by 0.6% in the euro area and by 1.0% in EU28, compared with previous year.

The largest decreases in industrial production were registered in Ireland by -12.4%, Portugal by -3.6% and Malta by -3.3%. In contrast with these numbers there are increases in some countries, such as in Poland by +2.0%, France by +1.6% and Sweden by +1.2%, ec.europa.eu reports.