Industrial production up by 2.5% in euro area and 2.3% in EU

2 mins read

The FINANCIAL – In November 2020, the seasonally adjusted industrial production rose by 2.5% in the euro area and by 2.3% in the EU, compared with October 2020, according to estimates from Eurostat, the statistical office of the European Union. In October 2020, industrial production grew by 2.3% in the euro area and by 2.0% in the EU.

In November 2020 compared with November 2019, industrial production decreased by 0.6% in the euro area and by 0.4% in the EU.

Monthly comparison by main industrial grouping and by Member State

In the euro area in November 2020, compared with October 2020, production of capital goods rose by 7.0% and intermediate goods by 1.5%, while production of durable consumer goods fell by 1.2%, non-durable consumer goods by 1.7% and energy by 3.9%.

In the EU, production of capital goods rose by 6.1% and intermediate goods by 1.4%, while production of durable consumer goods and non-durable consumer goods fell by 1.1% and energy by 2.9%.

Among Member States, for which data are available, the highest increases were registered in Ireland (+52.8%), Greece (+6.3%) and Denmark (+5.3%). The largest decreases were observed in Portugal (-5.1%), Belgium (-3.5%) and Croatia (-2.6%).

Annual comparison by main industrial grouping and by Member State

In the euro area in November 2020, compared with November 2019, production of energy fell by 5.0%, non- durable consumer goods by 2.5% and durable consumer goods by 0.4%, while production of intermediate goods rose by 1.1% and capital goods by 0.1%.

In the EU, production of energy fell by 5.3% and non-durable consumer goods by 2.6%, while production of intermediate goods rose by 1.7%, durable consumer goods by 1.4% and capital goods by 0.4%.

See also  EU: Rail transport severely impacted by COVID-19 in 2020 

Among Member States, for which data are available, the largest decreases in industrial production were registered in Bulgaria (-5.0%), France (-4.9%) and Italy (-4.2%). The highest increases were observed in Ireland (+40.8%), Greece (+8.8%) and Poland (+2.9%).

Leave a Reply