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.