Industrial Production In Eurozone Drops 1.7% In October-November - Eurostat

(@FahadShabbir)

Industrial Production in Eurozone Drops 1.7% in October-November - Eurostat

Industrial production in the eurozone fell by 1.7 percent between October and November in wake of a slowdown in Germany, the region's largest economy, EU statistics agency Eurostat said in a press release on Monday

MOSCOW (UrduPoint News / Sputnik - 14th January, 2019) Industrial production in the eurozone fell by 1.7 percent between October and November in wake of a slowdown in Germany, the region's largest economy, EU statistics agency Eurostat said in a press release on Monday.

This is the sharpest monthly decrease since February 2016.

Meanwhile, industrial production in the 28 member states of the European Union fell 1.3 percent from October to November.

Eurostat specified that the monthly decline in the production of capital goods, durable consumer goods, intermediate consumer goods, non-durable consumer goods, and energy came out to 2.3 percent, 1.7 percent, 1.2 percent, 1 percent, and 0.

6 percent, respectively, in the 19 member states of the eurozone.

As for the 28 EU member states, compared to October's figures, the production of capital goods fell by 1.6 percent, intermediate goods by 1.1 percent, durable consumer goods by 1 percent, non-durable consumer goods by 0.6 percent and energy goods by 0.5 percent.

The largest monthly decreases in industrial production were registered in Ireland (7.5 percent), Portugal (2.5 percent), and Germany and Lithuania (1.9 percent each).

Estonia, Greece, and Malta are the three countries with the highest monthly increases registered: 4.5 percent, 3.1 percent, and 2.6 percent, respectively.

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