Industrial Production in Europe Grows in November

Compared with the prior year, industrial production increased by 3 percent in both the euro area and the EU28.

Seasonally adjusted industrial production in November 2013 grew by 1.8 percent in the euro area (EA17) and by 1.5 percent in the EU28 when compared with October 2013, according to estimates from Eurostat, the statistical office of the European Union. In October, industrial production decreased by 0.8 percent and 0.5 percent respectively.

Compared with November 2012, industrial production increased by 3 percent in both the euro area and the EU28.

Compared with October 2013, production of capital goods grew by 3 percent in the euro area and by 2.6 percent in the EU28. Durable consumer goods increased by 2.2 percent and 1.5 percent respectively. Energy rose by 1.8 percent in the euro area and by 1.2 percent in the EU28. Non-durable consumer goods gained 1.4 percent and 0.9 percent respectively. Intermediate goods grew by 1 percent in the euro area and by 0.8 percent in the EU28.

Among the member states for which data are available, industrial production rose in 16, remained stable in three and fell in six. The highest increases were registered in Ireland (11.7 percent), Sweden (6.4 percent), Malta (3.8 percent), Croatia (3 percent), the Netherlands (2.5 percent) and Germany (2.4 percent), and the largest decreases in Lithuania (-3.5 percent), Denmark (-3 percent) and Greece (-2.2 percent).

Compared with November 2012, production of capital goods rose by 4.4 percent in the euro area and by 4.7 percent in the EU28. Intermediate goods grew by 3.3 percent and 3.5 percent respectively. Non-durable consumer goods increased by 3.1 percent in the euro area and by 2.7 percent in the EU28. Energy decreased by 0.5 percent and 1.4 percent respectively. Durable consumer goods fell by 0.8 percent in the euro area and by 0.3 percent in the EU28.

Among the member states for which data are available, industrial production rose in 19 and fell in six. The highest increases were registered in Ireland (13.2 percent), Slovakia (12.7 percent), the Czech Republic (8.8 percent) and Romania (8.7 percent), and the largest decreases in Malta (-8.6 percent) and Greece (-6.2 percent).

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