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Eurozone industrial output shrinks 1.7% in November, EU28 1.2%

January 14, 2019 10:53 AM
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Eurozone industrial output shrinks 1.7% in November, EU28 1.2%

Mubasher: Industrial production in the Eurozone fell by 1.7% month-on-month in November 2018, official data showed on Monday.

In the 28-member European Union (EU28), industrial output declined by 1.2% last November from the previous month, the Eurozone’s statistical office, the Eurostat said.

The industrial production ticked up by 0.1% month-on-month in October for both the Eurozone and the EU28.

On an annual basis, industrial output in the Eurozone shrank by 3.3% last November, while the EU28 saw a 2.2% drop.

In November, the Eurozone saw a decline of 2.3% in the production of capital goods, 1.7% in durable consumer goods, 1.2% for intermediate goods, with the production of non-durable consumer goods falling by 1% and energy by 0.6%.

The EU28 saw a monthly drop in industrial output during the reported month, as the production of capital goods fell by 1.6%, intermediate goods by 1.1% with a decline of 1% in produced durable consumer goods, 0.6% in non-durable consumer goods, and 0.5% in energy products.

The largest declines in industrial production in November were observed in Ireland at -7.4%, Portugal at -2.5%, Germany and Lithuania both at -1.9%.

On the other hand, the biggest gains were recorded in Estonia at 4.5%, Greece at 3.1%, Latvia and Malta at 2.6%.


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