Summary
Economic trends in the EU
1. Food and drink industry output index increased
2. Evolution of main agricultural raw material prices
3. Price developments in the food supply chain: producer prices continued to peak above both consumer prices and overall inflation in Q3 of 2012
4. Slight decrease in employment index in the EU food and drink industry
5. Food and drink industry turnover index started to increase again
6. Confirming previous quarters’ trends, imported food prices continued to rise
Trade: Both imports and exports increased in Q3 of 2012 year-on-year
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Economic trends in the EU

The data and trends shown in the table below give a general overview of the EU economic environment. This bulletin provides an analysis of the performance of the food and drink sector against this economic background. 


 Table 1: Economic trends in the EU in recent periods

* With respect to previous quarter/month
** With respect to the same period (either quarter or month) in the previous year
Source: Eurostat, December 2012

Returning to the growth observed in the same quarter of last year, the industrial production index in manufacturing in the EU slightly increased (0.5%) in Q3 of 2012. In the same period, private consumption (volumes) also registered an increase compared to the previous quarter, i.e. 0.1%. The yearly comparison shows that the industrial production index decreased markedly in Q3 of 2012 compared to the same quarter of the previous year, i.e. by -2.2%. Private consumption also decreased compared to the change registered in the same quarter of 2011, but to a lesser extent, i.e. 0.2%.

The (all sectors) volume of retail trade decreased by the same amount as the previous quarter (0.2%) in September 2012 (compared to August 2012), while retail trade in food, drinks and tobacco decreased by 0.1%. Among the Member States for which data are available, total retail trade rose in twelve and fell in eight. The highest increases were registered in Denmark (+2.4%), Estonia (+2.0%) and Germany (+1.5%), and the largest decreases in Spain (-7.3%), Portugal (-4.0%) and Slovenia (-2.7%).3

3 Eurostat news release, Euro indicators, 157/2012.

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