European Industrial Production Up 0.2% in November - Modern Distribution Management

European Industrial Production Up 0.2% in November

Production also increased by 0.2 percent in EU28.

Compared with October 2014, seasonally adjusted industrial production in November increased by 0.2 percent in both the euro area (EA18) and the EU28, according to estimates from Eurostat, the statistical office of the European Union.

In October, industrial production grew by 0.3 percent in both zones.

In November compared with November 2013, industrial production decreased by 0.4 percent in the euro area and 0.1 percent in the EU28.

The increase of 0.2 percent in industrial production in the euro area in November 2014, compared with October 2014, is due to production of durable consumer goods rising by 1.9 percent, non-durable consumer goods by 0.5 percent and intermediate goods by 0.3 percent, while capital goods fell by 0.2 percent and energy by 0.9 percent.

In the EU28, the increase of 0.2 percent is due to durable consumer goods rising by 1.7 percent, non-durable consumer goods by 0.5 percent and intermediate goods by 0.4 percent, while capital goods fell by 0.1 percent and energy by 1 percent.

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 percent), Latvia (-1.7 percent) and Malta (-1.4 percent).

Annual comparison

The decrease of 0.4 percent in industrial production in the euro area in November 2014, compared with November 2013, is due to production of energy falling by 4.8 percent, capital goods by 0.9 percent and intermediate goods by 0.6 percent, while durable consumer goods rose by 0.4 percent and non-durable consumer goods by 3.2 percent.

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

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

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