Industrial production index Europe in December 2022 decreased by 1.1% compared to November, according to data from Eurostat. Compared to December 2021, industrial production fell by 1.7%.

Meanwhile, the trend for November was revised upward: industrial production rose 1.4% compared to the previous month, while earlier it had been reported that it had risen by 1%. On a year-on-year basis, the increase was 2.8%, not 2% as previously reported.

In the EU-27 industrial production in December compared to the previous month decreased by 0.4% after an increase of 1.2% a month earlier. In annual terms, the index decreased by 0.4%. The DAX Index suffered in particular because of this factor.

Production of durable goods in December dropped compared to November in the euro area by 1.4%, in the EU by 0.7%, capital goods decreased by 0.4% in the euro area and by 0.3% in the EU. Energy output rose 1.3% in both the euro area and the EU.

Ireland (-8.5%), Luxembourg (-5.2%) and Lithuania (-4.0%) recorded the largest declines in industrial production relative to the previous month. The largest increases were observed in Denmark (13.5%), Portugal (4.1%) and Hungary (3.8%).

In annual terms, the largest declines were in Slovakia (-13.1%), Estonia (-11.5%) and Luxembourg (-8.4%). The most significant growth was observed in Denmark (26.1%), Malta (17.1%), Hungary, and Poland (5.8%).

Earlier, we reported that Shell management will be sued for environmental indifference. Shell share prices are falling.