12th December 2012

Industrial production down in November

According to EUROSTAT, industrial production in the euro area fell by 1.4% in October 2012, compared to September 2012. It also fell in the EU27 by 1.0%. Furthermore, hourly labour costs rose by 2.0% in the euro area and by 1.9% in the EU27 in the third quarter of 2012, compared to the second quarter 2012. The biggest decreases were recorded in the production of durable goods, intermediate consumer goods and capital goods.

Among the member states, industrial production fell in 13 states and rose in 10. The rest is unknown. The largest decreases were recorded in Ireland (-16.2%), Italy (-6.2%) and Bulgaria (-4.2%). The highest increases were measured in Lithuania (+10.3%), Slovakia (+8.1%) and Malta (+4.5%).

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Members of the American Chamber of Commerce in the Czech Republic