ISSN 0378-7877 INDUSTRIENS KONJUNKTURINDIKATORER Månedlig KONJUNKTURINDIKATOREN FÜR DIE INDUSTRIE Monatlich Έ INDUSTRIAL SHORT-TERM TRENDS Monthly eurostat INDICATEURS CONJONCTURELS DE L'INDUSTRIE Mensuel INDICATORI CONGIUNTURALI DELL'INDUSTRIA Mensile CONJUNCTUURINDICATOREN VAN DE INDUSTRIE Maandelijks INDEX OF INDUSTRIAL PRODUCTION An upturn in growth in the second half of 1978 The index of industrial production for the European Community is estimated provisionally by Eurostat to have attained the level of 112.2 (1975=100) in 1978, and to have increased by 2.3 % over the figure registered in 1977. This growth rate compares with yearly rises of 2.2 % and 7.3 % recorded in 1977 and 1976 respectively. An analysis of twelve monthly growth trends of the unadjusted index reveals that in the first six months of 1978 the rate of expansion of the Community's industrial production fell sharply whereas in the second part of the year the rate of growth of the EUR-9 index accelerated steadily. By the end of 1978 the improved trends in industrial production in the EEC seemed to be well established, so that further expansion can be expected in the early months of 1979.