Eurozone Industry

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Eurozone: Eurozone ekes out meager industrial output growth in November

January 12, 2015

In November, industrial production rose a seasonally-adjusted 0.1% over the previous month, according to data released by Eurostat on 14 January. The reading was down from the 0.4% increase recorded in October and slightly above the flat growth market analysts had expected.

At a country level, the region’s top performers were Ireland (+4.6% month-on-month) and Estonia (+1.5% mom). At the other end of the spectrum, Cyprus (-1.9% mom) and Malta (-1.4% mom) recorded the worst results. Regarding the four major regional economies, in Germany industrial production stalled over the previous month, while it contracted in (-0.3%) and Spain (-0.1%). Only Italy (+0.3%) recorded an expansion.

On an annual basis, industrial production dropped 0.4% in November, which contrasted the 0.8% expansion recorded in October. Meanwhile, annual average growth in industrial production declined from 1.1% in October to 0.8% in November.

FocusEconomics Consensus Forecast panelists see industrial production expanding 1.5% in 2015, which is down 0.3 percentage points from last month’s forecast. For 2016, panelists see industrial production growing 2.2%, which is up 0.3 percentage points from last month’s Consensus.


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Eurozone Industry Chart


Euro Industry by country November 2014

Note: Month-on-month var. of seasonally-adjusted industrial production and annual average growth rate in %.
Source: Eurostat


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