Industrial output shows decline in Euro zone

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.