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Latvia registers EU's highest industrial production output increase in December 2012

 LUXEMBOURG, Feb 13 - Industrial production output in Latvia increased 10.7 percent in December 2012 as compared to December 2011, which was the highest increase in the European Union, according to a report released by the EU statistical office "Eurostat".

Malta registered the second highest increase in industrial production output in December - 10.3 percent, followed by Lithuania - 9.1 percent, and Estonia - 6.7 percent.

The largest decreases in industrial production output were registered in Spain (6.9 percent), Italy (6.6 percent) and the Czech Republic (5.8 percent).

In the EU member states for which the data are available, industrial production output in December fell 2.3 percent, including 2.4 percent in the euro area.

Industrial production output increased in eight member states and decreased in fifteen.

Compared to November 2012, industrial production output in both the EU reduced by 0.5 percent, and the eurozone fell by 0.7 percent. 14 EU member states recorded increases and six decreases in their industrial production output. Monthly output remained the same in Spain, France and Romania.

The steepest month-on-month increase was registered in Ireland (8.5 percent), as well as in Latvia and Slovenia (2.7 percent).

The largest reduction were registered in Slovakia (4.4 percent), and Denmark (2.3 percent).

In Lithuania, industrial production output in December 2012 increased 0.2 percent from November, but in Estonia it reduced by one percent.
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