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Industrial production up 0.2% MoM in euro area, 0.1% in EU in Nov 2024

17 Jan '25
2 min read
Industrial production up 0.2% MoM in euro area, 0.1% in EU in Nov 2024
Pic: Adobe Stock

Insights

  • Seasonally-adjusted industrial production in November 2024 rose by 0.2 per cent month on month (MoM) in the euro area and by 0.1 per cent the EU, according to first estimates from Eurostat.
  • It decreased by 1.9 per cent YoY in the euro area and by 1.7 per cent YoY in the EU in the month.
  • In October last year, it grew by 0.2 per cent MoM in the euro area and by 0.4 per cent MoM in the EU.
Seasonally-adjusted industrial production in November last year increased by 0.2 per cent month on month (MoM) in the euro area and by 0.1 per cent the European Union (EU), according to first estimates from Eurostat, the EU statistical office.

Industrial production in October last year grew by 0.2 per cent MoM in the euro area and by 0.4 per cent MoM in the EU.

Industrial production decreased by 1.9 per cent year on year (YoY) in the euro area and by 1.7 per cent YoY in the EU in November 2024.

In the euro area in November, industrial production increased by 0.5 per cent MoM for intermediate goods, 1.1 per cent MoM for energy, 0.5 per cent MoM for capital goods, 1.5 per cent MoM for durable consumer goods and 0.1 per cent MoM for non-durable consumer goods.

In the EU in the same month, industrial production increased by 0.4 per cent MoM for intermediate goods, 1.3 per cent MoM for energy, 0.1 per cent MoM for capital goods and 1.1 per cent MoM for durable consumer goods. It decreased by 0.1 per cent MoM for non-durable consumer goods.

The highest monthly increases were recorded in Belgium (plus 8.7 per cent), Malta (plus 7.1 per cent) and Lithuania (plus 4.3 per cent). The largest decreases were observed in Ireland (minus 5.8 per cent), Luxembourg (minus 3.9 per cent) and Portugal (minus 3.4 per cent).

In the euro area in November last year, industrial production decreased by 2.5 per cent YoY for intermediate goods, 1.3 per cent YoY for energy, 2.8 per cent YoY for capital goods and 1 per cent YoY for durable consumer goods. It remained stable for non-durable consumer goods.

In the EU in the same month, industrial production decreased by 1.9 per cent YoY for intermediate goods, 0.8 per cent YoY for energy and 2.6 per cent YoY for capital goods. It remained stable for durable consumer goods and increased by 0.1 per cent YoY for non-durable consumer goods.

The largest annual decreases were recorded in Croatia (minus 6.6 per cent), Ireland (minus 5.6 per cent) and Austria (minus 5 per cent). The highest increases were observed in Malta (plus 13.5 per cent), Belgium (plus 8.7 per cent) and Greece (plus 4.8 per cent).

Fibre2Fashion News Desk (DS)

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