EU's industrial output down by 0.1% in November 2003

EU’s industrial output down by 0.1% in November 2003

As per the data released by EU statistics institution Eurostat, industrial output in 15 member states of European Union (EU) has decreased by 0.1% in November 2003 following a rise of 0.8% recorded in October 2003. Industrial output in Euro zone grew up by 0.1% in November 2003 compared to previous month. In November 2003, industrial output increased by 1.2% in Euro zone and by 0.9% in EU compared to November 2002. In November 2003, capital goods increased by 3.4% in Euro zone and by 3% in EU and the energy sector gained 2.1% and 0.3% respectively when compared with the figures of November 2002. Intermediate goods rose by 1.2% in Euro zone and by 0.9% in EU while non-durable consumer goods decreased by 0.3% in Euro zone and by 0.2% in EU and durable consumer goods fell by 4.7% and 3.6% respectively. The largest increases were registered in Ireland with 15.7%, Sweden with 2.4% and Spain with 2.1% in November 2003 when compared with November 2002. Countries which showed a drop in industrial output are; Belgium with 6.6% and UK with 1.1%.