Eurozone industrial output up by 2.5% in Nov

According to data from Eurostat, seasonally adjusted industrial production in euro area increased by 2.5% on a monthly basis in November. The index, however, declined by 0.6% when compared to the same month of 2019.

Data showed that production of capital goods rose by 7% and intermediate goods by 1.5% when compared to October. However, production of durable consumer goods fell by 1.2%, non-durable consumer goods by 1.7% and energy by 3.9% in November.

Among Member States, the largest monthly increases were registered in Ireland (52.8%), Greece (6.3%) and Denmark (5.3%). The highest monthly decreases were realized in Portugal (5.1%), Belgium (3.5%) and Croatia (2.6%).

Compared with November 2019, production of energy fell by 5%, non-durable consumer goods by 2.5% and durable consumer goods by 0.4%. However, production of intermediate goods rose by 1.1% and capital goods gained 0.1% in November.

The largest yearly decreases in industrial production were registered in Bulgaria (5%), France (4.9%) and Italy (4.2%). The sharpest increases were observed in Ireland (40.8%), Greece (8.8%) and Poland (2.9%), meanwhile.