Industrial production down in Euro area.

Tuesday, 14 February 2012 03:22

Industrial production in Euro area fell by seasonally adjusted 1.1% in December, in line with expectations.

November’s revised data showed no change in industrial production.

Comparing with previous year index fell by 2.0% instead of 1.2% expected.

Eurostat reported also that in whole 27 countries of European Union industrial production decreased by seasonally adjusted 0.6%.

Annual data showed 0.9% decline in December after 0.2% growth recorded in November.