RSS   Newsletter   Contact   Advertise with us
Post Online Media

Euro area industrial production drops more quickly than expected

Share on Twitter Share on LinkedIn
Staff Writer | Monday January 14, 2019 10:12AM ET
Euro area industrial
Europe   Economists had projected a drop of 1.2%

Euro area industrial production shrank more quickly than expected in November, amid sharp declines in the output of capital and durable consumer goods.

Please disable your ad blocker for POST to be able to enjoy our free content.
According to Eurostat, industrial output in the 19 member strong single currency bloc weakened by 1.7% month-on-month and decreased by 3.3% year-on-year.

Economists had projected a drop of 1.2% versus October and a fall of 2.0% in comparison to the same month one year ago.

Versus October, production of capital goods was the weakest link in the chain, retreating by 1.3%, while that of durable consumer goods fell back by 1.7%.

Output of intermediate and non-durable consumer goods also softened, by 1.2% and 1.0%, respectively.

Energy production meanwhile was down by 0.6%.

From among the euro area's largest economies, industrial output in Germany was weakest, dropping by 1.7% on the month, followed close behind by falls of 1.6% in both Italy and Spain.

In France, production shrank by 1.3% although in the Netherlands it was flat.

Irish industrial production was especially weak, retrating by 7.5%.


What to read next
POST Online Media Contact

 More inside POST