Eurozone, EU Industrial Production Growth Fall to Three-Month Low

Source: Eurostat

Industrial production in the eurozone was flat and slightly up in the European Union in January, marking a slowdown from the growth recorded in the previous months. EZU is up 0.07%, while VGK is down 0.09%.

• Industrial production in the eurozone was flat in January, reflecting a three-month low following the 1.3% growth in December and 2.5% in November 2021.
• The same trend was recorded in the European Union, with production up 0.4%, but slower than the 1.0% in December and 2.5% in November.
• The biggest increase was recorded in the production of non-durable consumer goods, while declines were recorded in the production of intermediate goods and energy.
• The highest monthly increases were in Austria, Czechia, and Poland, while the highest declines were in Estonia, Portugal, and Greece.
• Compared with the same month in 2021, production fell by 1.3% in the eurozone and increased by 0.4% in the EU.
• The biggest annual decreases were recorded in Ireland, Portugal, and Malta, while the biggest increases were in Lithuania, Austria, and Poland.