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Industrial Production Down by 1.6% in Both Euro Area and EU27
added: 2009-01-15

In November 2008 compared with October 2008, seasonally adjusted industrial production fell by 1.6% in both the euro area (EA15) and the EU27. In October production also decreased by 1.6% in both zones.

In November 2008 compared with November 2007, industrial production declined by 7.7% in both the euro area and the EU27.

Monthly comparison

In November 2008 compared with October 2008, production of non-durable consumer goods grew by 0.1% in the euro area, but fell by 0.2% in the EU27. Production of energy decreased by 1.5% and 1.0% respectively. Capital goods declined by 1.8% in the euro area and by 2.3% in the EU27. Durable consumer goods dropped by 2.4% and 1.7% respectively. Intermediate goods fell by 2.8% in both zones.

Among the Member States for which data are available for November 2008, industrial production fell in eighteen and rose only in Ireland (+10.2%) and Greece (+0.6%). The most significant falls were registered in Slovenia (-12.8%), Estonia (-7.7%), Slovakia (-7.1%) and Portugal (-5.8%).

Annual comparison

In November 2008 compared with November 2007, production of non-durable consumer goods fell by 2.7% in the euro area and by 3.5% in the EU27. Production of energy decreased by 3.6% and 3.8% respectively. Capital goods declined by 8.0% in the euro area and by 8.2% in the EU27. Durable consumer goods dropped by 10.3% and 8.5% respectively. Intermediate goods fell by 11.2% in both zones.

Among the Member States for which data are available for November 2008, industrial production fell in nineteen and rose only in Ireland (+2.6%). The most significant decreases were registered in Estonia (-17.6%), Spain (-15.1%), Latvia (-13.9%) and Luxembourg (-13.8%).


Source: Eurostat

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