Industrial production collapse: down by 2.1% in euro area

In December 2019 compared with December 2018, industrial production decreased by 4.1% in the euro area and by 3.9% in the EU27.

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.

Monthly comparison by main industrial grouping and by Member State

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%.

Among Member States for which data are available, the largest decreases in industrial production were registered in Ireland (-6.2%), Hungary (-3.8%) and Poland (-3.0%). Italy -2,7% The highest increases were observed in Denmark (+7.2%), Portugal (+2.9%) and Greece (+2.5%).

Annual comparison by main industrial grouping and by Member State

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 non-durable 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%.

Among Member States for which data are available, the largest decreases in industrial production were registered in Estonia (-9.9%), Romania (-8.9%) and Germany (-7.2%). Italy -4,3%. The highest increases were observed in Malta (+7.6%), Portugal (+3.9%) and Poland (+1.3%).