Industrial output shows decline in Euro zone
The data issued by the EU statistics institution Eurostat shows that industrial output in Euro zone decreased by 0.3% in November over October. However, industrial output was up by 0.5% when compared with November 2003.
Industrial output in 25 member states of European Union (EU) fell by 0.2% in November against October, but rose by 0.9% on an annual basis.
In the aforementioned period, as compared to October, durable consumer goods recorded a 0.7% decline while non-durable consumer goods rose by 0.2%. The energy sector also rose by 0.1%.
The highest monthly increases were registered in
Portugal with 5.6%,
Greece with 3.6%,
Spain with 2.5% and
Slovenia with 1.8%. The member states which showed decline in industrial output are;
Ireland with 6.3%,
Sweden with 2.8%,
Estonia with 2.2% and
Finland with 1.9%.
Monthly industrial
production fell by 1.7% in
Germany, but it jumped by 0.1% in
France.