Industry. Factory. Illustrative photo.
Brussels – Industrial production in the European Union fell by 0.4 percent in December, according to seasonally adjusted data, while it increased by 1.2 percent in November after the data were refined. The statistical office Eurostat announced this in its estimate today. In the Czech Republic, production increased by 0.3 percent, which is a significant slowdown compared to the three percent growth in November.
In the eurozone, production fell by 1.1 percent in December, while in November it increased by 1.4 percent after the data was refined. Eurostat initially reported that production in the euro area rose by one percent in November and by 0.9 percent in the EU as a whole.
Year-on-year, industrial production in the EU fell by 0.4 percent in December after growing by 2, 7 percent in November. In the eurozone, production was 1.7 percent lower compared to December 2021, and increased by 2.8 percent year-on-year in November. For the whole of last year, production in the EU increased by 1.9 percent on average, in countries paying with the euro by 0.9 percent.
The production of durable consumer goods in the EU in December fell by 0 compared to the previous month .7 percent, in the eurozone by 1.4 percent. On the contrary, energy production increased by 1.3 percent in the eurozone and in the entire EU. Of the countries where data are already available, production fell the most compared to the previous month in Ireland, Luxembourg and Lithuania, while on the contrary it increased the most in Denmark, Portugal and Hungary.
In the Czech Republic, industrial production in December against it rose by 0.3 percent the previous month. The year-on-year growth rate accelerated to four percent from December's figure of 0.5 percent.