International Financial News 

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

13th January 2021

Down by -0.6% and -0.4% compared with November 2019

In November 2020, the seasonally adjusted industrial production rose by 2.5 per cent in the euro area and by 2.3 per cent 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 per cent in the euro area and by 2.0 per cent in the EU.

In November 2020 compared with November 2019, industrial production decreased by 0.6 per cent in the euro area and by 0.4 per cent in the EU.
In the case of Malta, it has registered the seventh largest drop among the 27 Member States in industrial production, at around -3 per cent, when comparing November 2020 with November 2019.

eurostat

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 per cent and intermediate goods by 1.5 per cent, while production of durable consumer goods fell by 1.2 per cent, non-durable consumer goods by 1.7 per cent and energy by 3.9 per cent.

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

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

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 per cent, non-durable consumer goods by 2.5 per cent and durable consumer goods by 0.4 per cent, while production of intermediate goods rose by 1.1 per cent and capital goods by 0.1 per cent.

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

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


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