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Industrial Production Down by 0.5% in Euro Area in November 2007
added: 2008-01-14

In November 2007 compared with October 2007, seasonally adjusted industrial production fell by 0.5% in the euro area (EA13) and by 0.3% in the EU27. In October production grew by 0.5% in both zones. In November 2007 compared with November 2006, industrial production rose by 2.7% in the euro area and by 2.6% in the EU27.



Monthly comparison

In November 2007 compared with October 2007, production of energy increased by 0.4% in the euro area and by 0.3% in the EU27. Non-durable consumer goods grew by 0.1% and 0.2% respectively. Intermediate goods fell by 0.6% in the euro area and by 0.5% in the EU27. Capital goods decreased by 0.7% and 0.6% respectively. Durable consumer goods declined by 1.9% in the euro area and by 1.4% in the EU27.

In November 2007, and among the Member States for which data are available, industrial production rose in five and fell in fourteen. The highest increases were registered in the Netherlands and Sweden (both +1.8%), while the largest decreases were recorded in Portugal (-3.3%), Lithuania (-3.0%) and Slovenia (-2.7%).

Annual comparison

In November 2007 compared with November 2006, production of energy increased by 6.2% in the euro area and by 4.2% in the EU27. Capital goods grew by 3.7% and 4.2% respectively. Non-durable consumer goods rose by 1.9% in the euro area and by 1.2% in the EU27. Intermediate goods gained 1.8% in both zones. Durable consumer goods fell by 3.4% in the euro area and by 1.0% in the EU27.

In November 2007, and among the Member States for which data are available, industrial production rose in thirteen and fell in six. The highest increases were registered in Ireland (+14.7%), Slovakia (+13.2%) and the Netherlands (+10.0%), while the largest decreases were recorded in Italy (-2.4%), Portugal (-2.0%) and Finland (-1.4%).


Source: European Commission

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