Eurozone industrial output up 0.2% month-on-month in November

Eurozone industrial output up 0.2% month-on-month in November

Year-on-year, industrial production fell 1.9% in euro area

By Tuba Ongun

Industrial production in the euro area climbed 0.2% month-on-month in November, slightly below forecasts, according to data released on Wednesday.

The figure followed a 2% rise in the month prior, Eurostat data showed.

Industrial output added 0.5% for intermediate goods, 1.1% for energy, 0.5% for capital goods, 1.5% for durable consumer goods, and 0.1% for non-durable consumer goods.

In the EU as a whole, industrial production ticked up 0.1% in November, slowing down from a 0.4% rise in September.

Among bloc members for which data are available, the largest monthly rises were seen in Belgium (8.7%), Malta (7.1%), and Lithuania (4.3%), while the largest drops were in Ireland (-5.8%), Luxembourg (-3.9%), and Portugal (-3.4%).

On an annual basis, industrial production fell 1.9% in the euro area and 1.7% in the entire EU.

The eurozone/euro area, or EA19, represents member states that use the bloc's single currency, the euro, while the EU27 includes all of its member countries.




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