Industrial Production in the euro area continued to suffer under the frail economic conditions in the zone and across major trading partners were prudction levels continued to contract with the end of 2011.

Industrial production feell 1.1% in December from the previous month when it fell 0.1% and was slightly above the expected drop of 1.5%. On the year, production fell 2.0% deeper than the expected drop of 1.2% and much worse than the previous 0.3% drop.