Thursday, 14 February 2013

Euro Area Industrial Production Continues to Fall on Previous Year

Industrial production for December 2012 in the euro area fell by 2.27% on December 2011 according to the  industrial production indices released by Eurostat. This represented the 13th consecutive month with year on year (YoY) percentage declines in the index. Industrial production in Germany dropped 0.82% on previous year and fell for the 9th month in a row on a YoY basis. Industrial production in Greece, Spain, France and Italy also declined compared to the previous year with Italy showing the biggest decline with 7.00% followed by Spain with 6.76%.

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