Summary of the 2012 annual economic report on the EU fishing fleet

The 2012 Annual Economic Report (AER) on the European Union (EU) fishing fleet provides a comprehensive overview of the latest information available on the structure and economic performance of EU Member States fishing fleets. This summary report serves to highlight some of the key findings of the 2012 AER. Results on the economic performance indicate that the EU fishing fleet moved from a loss making position to post a profit in 2010. On the whole, the EU fleet showed improvements in all the main economic performance indicators analysed when compared to 2009. Furthermore, and despite the uncertain economic climate, economic performance projections for 2011 indicate that profitability improved for around three quarters of the national fleets analysed.