The industrial production in the EU was up by 0.2% in February 2012 in comparison with January 2012
According to Eurostat, the industrial production grew 0.5% in the euro area and 0.2% in the EU in February 2012. Compared with February 2011, industrial production dropped by 1.8% in both the euro area and the EU.
Eurostat, the statistical office of the European Union, published its figures for the industrial production in February 2012 which shows that the production was up by 0.2% in the EU and by 0.5% in the euro area. However, the same figures also show that the industrial production in February 2012 compared with February 2011 dropped by 1.8% in both the euro area and the EU. Recently, Eurostat also published the figures which show that an increase of the industrial producer price of 0.6% in the euro area and of 0.8% in the EU was also produced in February 2012 in comparison with January.
Among the Member States for which data are available, industrial production in February 2012 compared to January of the same year rose in nine and fell in thirteen. The highest increases were registered in the Netherlands (+13.0%), Slovakia (+2.8%) and Finland (+2.1%), and the largest decreases in Malta (-4.6%), Sweden (-3.6%) and Ireland (-3.2%). Compared to February 2011, the highest increases were registered in Slovakia (+8.4%), Latvia (+7.3%) and the Netherlands (+6.7%), and the largest decreases in Luxembourg (-14.4%), Malta (-11.4%) and Greece (-8.5%).
With regard to the statistics by sector, in February 2012 compared with January 2012, production of energy grew by 7.7% in the euro area and by 6.6% in the EU. Capital goods rose by 0.7% and 0.1% respectively. Intermediate goods decreased by 1.4% in the euro area and by 1.5% in the EU. Non-durable consumer goods fell by 1.6% and 2.0% respectively. Production of durable consumer goods dropped by 2.0% in the euro area and by 2.4% in the EU.