Home Latest News & Insights INDUSTRIAL OUTPUT GROWS IN DECEMBER 2023

INDUSTRIAL OUTPUT GROWS IN DECEMBER 2023

February 14, 2024
industrial produciton

Industrial output grows in December. Industrial output experienced a significant rise of 2.6% in both the eurozone and the European Union (EU) in December 2023.

Eurostat, the European Union’s statistical authority, reports these figures against those from November 2023.

This comes after a modest increase of 0.4% in the euro area and 0.5% in the EU during November 2023.

Comparing December 2023 to the same month in the previous year, there was a 1.2% increase in industrial production across both the euro area and the EU.

However, when looking at the entirety of 2023, the average industrial production declined by 2.4% in the euro area and by 2.0% in the EU, in comparison with the year 2022.