Industrial Production Shows Modest Growth

In a recent report released by Eurostat, the Eurozone's industrial production experienced a modest increase of 0.2% in November compared to the previous month. This growth, albeit slight, signals a possible stabilization in the industrial sector after a period of decline.

Sector-wise Performance

The production of durable consumer goods saw the highest increase at 1.5%, followed by the energy sector at 1.1%. Intermediate and capital goods production also rose by 0.5%, with non-durable consumer goods experiencing a minimal increase of 0.1%. Across the European Union, industrial production saw a 0.1% increase from October to November.

Yearly Overview

Despite the monthly gains, the Eurozone faced a 1.9% decrease in industrial production compared to the previous year, with the EU experiencing a 1.7% decline. The capital goods sector was hit the hardest, with a 2.8% decrease, followed by intermediate goods at 2.5%, energy at 1.3%, and durable consumer goods at 1%. The production of non-durable consumer goods, however, remained stable over the year.