The industrial production in the Euro Zone has declined by 1.4% in the Euro Area and by 1% in the whole European Union during moth of October 2012, in comparison with the month of September 2012, according to Eurostat. The fall is more significant if we compare it with October 2012, for which we have a decline of 3.6% in the euro area and of 3.1% in the European Union. The biggest decline was registered in Ireland (-16.2%), Italy (-6.2%), Bulgaria(-4.2%). A better situation was recoded in Lithuania (+10.3%) and Slovakia (+8.1%). All these data suggest that there is a two paced Europe in this moment from the economig growth perspective.
Source: http://epp.eurostat.ec.europa.eu
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