The 2020 Mid-Year Economic Update_long

European Industrial Production Declines in November

Energy production drove declines from October.

Compared with October 2015, seasonally adjusted industrial production in November fell by 0.7 percent in the euro area (EA19) and by 0.6 percent in the EU28, according to estimates from Eurostat, the statistical office of the European Union.

Compared with November 2014, November industrial production increased by 1.1 percent in the euro area and by 1.4 percent in the EU28.

The decrease of 0.7 percent in industrial production in the euro area in November 2015, compared with October 2015, is due to production of energy falling by 4.3 percent, capital goods by 1.9 percent and durable consumer goods by 1 percent, while production of nondurable consumer goods rose by 0.1 percent and intermediate goods by 0.7 percent.

In the EU28, the decrease of 0.6 percent is due to production of energy falling by 3.5 percent, capital goods by 1.3 percent, durable consumer goods by 0.3 percent and nondurable consumer goods by 0.1 percent, while production of intermediate goods rose by 0.5 percent.

Among member states for which data are available, the largest decreases in industrial production were registered in Portugal (-4.9 percent), Malta (-3.7 percent), the Netherlands (-3.1 percent), Estonia and Lithuania (both -2.6 percent), and the highest increases in Greece (+3.3 percent) and Slovakia (+1.9 percent).

Compared with November 2014, the November 2015 increase of 1.1 percent in industrial production in the euro area is due to production of intermediate goods rising by 2.1 percent, durable consumer goods by 1.7 percent and both capital goods and nondurable consumer goods by 1.2 percent, while production of energy fell by 2.8 percent.

In the EU28, the year-over-year increase of 1.4 percent is due to production of capital goods rising by 2 percent, intermediate goods by 1.8 percent, durable consumer goods by 1.7 percent and nondurable consumer goods by 0.8 percent, while production of energy fell by 1.2 percent.

Among member states for which data are available, the highest year-over-year increases in industrial production were registered in Ireland (+14.2 percent), Slovakia (+11.9 percent) and Hungary (+7.1 percent), and the largest decreases in the Netherlands (-8 percent) and Estonia (-6.2 percent).

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