Date: January 04, 2019

According to the latest report published by Eurostat, the statistical office of the European Union, “In November 2018, compared with October 2018, industrial production fell by 0.3% in the euro area (EA19) and by 0.4% in the EU28.” However, in October 2018 industrial production increased by 0.8% in both the euro area and EU28.

Additionally, the report mentioned that in November 2018, compared with November 2017, industrial production increased by 4.0% in the euro area and by 4.3% in the EU28.

Annual comparison by main industrial grouping and by Member State

Prices in industrial production in the euro area in November 2018, compared with November 2017, rose by 10.8% in the energy sector, by 2.6% for intermediate goods, capital and durable consumer goods  by 1.2% and by 0.2% for non-durable consumer goods. Prices in total industry excluding energy rose by 1.5%.

“In the EU28, industrial producer prices rose by 12.0% in the energy sector, by 3.0% for intermediate goods, by 1.4% for durable consumer goods, by 1.3% for capital goods and by 0.4% for non-durable consumer goods. Prices in total industry excluding energy rose by 1.8%.”

Notably, the largest increases in industrial production were observed in Belgium (+9.3%), Denmark (+9.2%) and Estonia (+8.6%).  On the other hand, the only decrease was observed in Ireland (-0.6%).

 

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