Eurozone industrial production increased in January
The European Statistical Office (Eurostat) announced seasonally adjusted industrial production data for the European Union (EU) and the Eurozone for January.
Consequently, industrial production in the 19-member euro zone rose 0.7 percent in January compared to December and 0.9 percent compared to January 2022.
Industrial production in the EU rose 0.3 percent in January compared to the previous month and 1 percent compared to the same period a year earlier.
HIGHEST INCREASE IN IRELAND
In January, the highest monthly increase in industrial production among EU countries was recorded in Ireland at 9.3 percent, Sweden at 5 percent and Romania at 2 percent.
The largest decrease was observed in Denmark with 7.1%, Hungary with 5% and the Netherlands with 4.3%.
On an annual basis, industrial production increased the most in Ireland with 19.5 percent, in Denmark with 14.2 percent, in Malta with 12.4 percent, while it increased by 12 percent in Lithuania, by 9.8 percent in Latvia and Slovakia decreased by 8.6 percent. (AA)
Source: Sozcu
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
