In December 2012 compared with November 2012, seasonally adjusted industrial production grew by 0.7% in the euro area (EA17) and by 0.5% in the EU272, according to estimates released by Eurostat, the statistical office of the European Union. In November production fell by 0.7% and 0.6% respectively. In December 2012 compared with December 2011, industrial production decreased by 2.4% in the euro area and by 2.3% in the EU27. Compared with 2011, the average production index for 2012 dropped by 2.4% in the euro area and by 2.1% in the EU27. (full story)