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- Eurozone industrial production rose sharply in November
Eurozone industrial production rose sharply in November
According to the report from the Eurostat, in November 2020, the seasonally adjusted industrial production rose by 2.5% in the euro area and by 2.3% in the EU, compared with October 2020. Economists had expected a 0.2% increase in the euro area. In October 2020, industrial production grew by 2.3% in the euro area and by 2.0% in the EU.
In November 2020 compared with November 2019, industrial production decreased by 0.6% in the euro area and by 0.4% in the EU.
In the euro area in November 2020, compared with October 2020, production of capital goods rose by 7.0% and intermediate goods by 1.5%, while production of durable consumer goods fell by 1.2%, non durable consumer goods by 1.7% and energy by 3.9%.
In the EU, production of capital goods rose by 6.1% and intermediate goods by 1.4%, while production of durable consumer goods and non durable consumer goods fell by 1.1% and energy by 2.9%.
Among Member States, for which data are available, the highest increases were registered in Ireland (+52.8%), Greece (+6.3%) and Denmark (+5.3%). The largest decreases were observed in Portugal (-5.1%), Belgium (-3.5%) and Croatia (-2.6%).
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