Euro Area: Industrial production expands at faster pace in December

Euro Area Industrial production December 2023

Euro Area: Industrial production expands at faster pace in December

Industrial output jumped 2.6% in month-on-month seasonally adjusted terms in December, which followed November’s 0.4% increase. December’s reading was driven by a rebound in the production of durable consumer goods and stronger growth in capital goods output. On the flipside, intermediate goods output fell at a sharper pace, while production of energy and non-durable consumer goods expanded more timidly.

Looking at individual countries for which data is available, industrial output increased in 11 countries and contracted in eight. Focusing on the largest economies, industrial output rose in France, Italy and the Netherlands, while it fell in Germany and Spain.

On an annual basis, factory output rose 1.2% in December (November: -5.4% yoy).

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