Industrial production advanced 0.7% in euro area

Note: This section contains information in English only.
Source: europa.eu
According to assessment published by the statistical office of the EU, industrial production in the Euro area (EA17) advanced 0.7% and climbed by 0.5% in the EU27 in December 2012, in comparison with November 2012, when production declined by 0.7% and 0.6% respectively. Making comparison with 2011, in 2012 the average production index fell 2.1% in the EU27 and 2.4% in the Euro area.

German's Finacial ministry indicated that, "Overall, there will be a noticeably weaker economic dynamic in the winter half-year". It must be taken into account that industrial production is more volatile, and has a greater tendency to influence the rate at which economies are growing or contracting.

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