Euro Area Industrial Production Falls in November


Eurozone industrial output decreased 0.4 percent year-on-year in November, after rising a revised 0.8 percent in the previous month, hurt by lower energy output. On a monthly basis, total production expanded 0.2 percent.

Year-on-year, production of energy fell by 4.8 percent, capital goods by 0.9 percent and intermediate goods by 0.6 percent. In contrast, output of durable and non-durable consumer goods rose by 0.4 percent and 3.2 percent respectively. 

In the EU28, industrial production declined by 0.1 percent as energy and capital goods output felt by 4.4 percent and 0.4 percent respectively. Intermediate goods production remained stable, while durable and non-durable consumer goods rose by 2.4 percent and 2.5 percent repectively.

The largest decreases were registered in Sweden (-3.9 percent), the Netherlands (-3.5 percent), Slovakia (-3.3 percent) and France (-2.9 percent). Production rose the most in Ireland (+35.8 percent), Hungary (+5.8 percent), Estonia (+4.9 percent) and Czech Republic (+4.7 percent).

On a monthly basis, output increased 0.2 percent, as production of durable, non-durable and intermediate goods rose by 1.9 percent, 0.5 percent and 0.3 percent respectively. In contrast, production of capital goods fell by 0.2 percent and energy by 0.9 percent.

In the EU28, industrial production increased by 0.2 percent as production of durable, non-durable and intermediate goods rose by 1.7 percent, 0.5 percent and 0.4 percent respectively. In contrast, capital goods and energy output fell by 0.1 percent and 1.0 percent respectively.

The highest increases in industrial production were registered in Ireland (+4.6 percent), Hungary (+3.3 percent) and Croatia (+2.7 percent), and the largest decreases in Lithuania (-2.0 percent), Latvia (-1.7 percent) and Malta (-1.4 percent).

Euro Area Industrial Production Falls in November


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
1/16/2015 12:18:58 PM