
Industrial production fell by 2% in the European Union and by 2.4% in the eurozone in 2023 compared to 2022, according to data published on Wednesday by the European Statistical Office (Eurostat), cited by Agerpres.
In December 2023, industrial production in the Eurozone and the European Union increased by 2.6% compared to November, when there was a growth of 0.4% in the Eurozone and 0.5% in the EU.
Among the EU member states for which data are available, the largest increases in December compared to November were recorded in Ireland (23.5%), the Netherlands (6.6%) and Denmark (5.6%), and the largest decrease in Slovenia . (-7.4%), Croatia (-4.3%) and Finland (-2.7%).
In the case of the EU, the production of capital goods increased by 18%, non-durable goods by 0.6%, while a growth of 0.4% was recorded for the production of energy and durable goods. The production of intermediate goods decreased by 0.7%.
In December, compared to the same period in 2022, industrial production in the European Union and the Eurozone increased by 1.2%. Among EU member states for which data are available, the highest annual growth was recorded in Ireland (44.7%), Denmark (6.7%) and Malta (5%), and the sharpest decline in Slovenia (-10.2 %), Hungary (minus 8.7%) and Bulgaria (-6.9%).
In which industries has production increased in the EU?
In the case of the EU, production of capital goods increased by 8.6%, while production of energy decreased (by 1.3%), non-durable goods (by 1.7%), intermediate goods (by 4%) and durable goods. goods (from 6.4%).
According to Eurostat, there are no data for Romania.
However, the National Institute of Statistics of Romania announced on Wednesday that industrial production in 2023 fell, as a gross series, by 4.9% compared to the previous year, amid a decrease in the production and supply of electricity and heat, gas, hot water and air conditioning from 9 .2% and processing industry with 4.6%.
In December 2023, compared to the previous month, industrial production (gross series) decreased by 16.4%, due to the decline recorded in the manufacturing industry (-21%) and extractive industry (-6.5%). Compared to the corresponding month of the previous year, industrial production (gross series) decreased by 6.8%, as a result of the decrease recorded in three branches of industry: processing industry (-7.4%), extractive industry (-5.8%) ) and production and supply of electricity and thermal energy, gas, hot water and air conditioning (-4.1%).
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Source: Hot News

Lori Barajas is an accomplished journalist, known for her insightful and thought-provoking writing on economy. She currently works as a writer at 247 news reel. With a passion for understanding the economy, Lori’s writing delves deep into the financial issues that matter most, providing readers with a unique perspective on current events.