Euro Area: Industrial production expands in November

Euro Area Industrial production November 2022

Euro Area: Industrial production expands in November

Industrial output increased 1.0% over the previous month in seasonally adjusted terms in November, contrasting Octobers 1.9% drop. Novembers result reflected rebounds in the production of intermediate and durable consumer goods, as well as a softer contraction in the production of energy and faster growth in the production of capital goods. However, the production of non-durable consumer goods shrank at a sharper pace.

Looking at the individual economies for which data is available, industrial output expanded in 12 countries, while it contracted in eight. Focusing on the most important economies, production increased in France and Germany, while it decreased in Italy, the Netherlands and Spain.

On an annual basis, industrial production rose 2.0% in November, following Octobers 3.4% increase. Lastly, annual average growth in industrial production rose to 1.1% from Octobers 0.8%.

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