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News : EU Economy Last Updated: Jan 15, 2015 - 2:00 PM


Industrial production rose in the Eurozone in November
By Finfacts Team
Jan 15, 2015 - 1:57 PM

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In the month of November 2014 seasonally adjusted industrial production rose by 0.2% in both the Eurozone (EA18) and the EU28, according to estimates from Eurostat, the statistics office of the European Union. In October 2014 industrial production grew by 0.3% in the both zones.

In November 2014 compared with November 2013, industrial production decreased by 0.4% in the Eurozone and by 0.1% in the EU28.

The chart above shows that production remains sharply below its peak.

Monthly comparison by main industrial grouping and by member countries: The increase of 0.2% in industrial production in the Eurozone in November 2014, compared with October 2014, is due to production of durable consumer goods rising by 1.9%, non-durable consumer goods by 0.5% and intermediate goods by 0.3%, while capital goods fell by 0.2% and energy by 0.9%.

In the EU28, the increase of 0.2% is due to production of durable consumer goods rising by 1.7%, non-durable consumer goods by 0.5% and intermediate goods by 0.4%, while capital goods fell by 0.1% and energy by 1.0%.

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

Germany's production was flat and the UK's fell by 0.1%.

Annual comparison by main industrial grouping and by member countries: The decrease of 0.4% in industrial production in the Eurozone in November 2014, compared with November 2013, is due to production of energy falling by 4.8%, capital goods by 0.9% and intermediate goods by 0.6%, while durable consumer goods rose by 0.4% and non-durable consumer goods by 3.2%.

In the EU28, the fall of 0.1% is due to production of energy falling by 4.4% and capital goods by 0.4%.  Intermediate goods remained stable, while durable consumer goods rose by 2.4% and non-durable consumer  goods by 2.5%.

The largest decreases in industrial production were registered in Sweden (-3.9%), the Netherlands (-3.5%), Slovakia (-3.3%) and France (-2.9%), and the highest increases in Ireland (+35.8%), Hungary (+5.8%), Estonia (+4.9%) and the Czech Republic (+4.7%).

Irish industrial production rises at fastest pace since 1998 - but it may be an illusion

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