FX.co ★ Eurozone industrial output goes down in November

According to estimates from Eurostat, industrial production in the euro area fell by 1.7 percent in November 2018 compared with October 2018. At the same time, industrial production in Europe dropped by 3.3 percent year-on-year. Analysts expected a decline by 1.5 percent and 2.1 percent, respectively.

During the reporting period, industrial production in the EU28 plunged by 1.3 percent compared with October 2018. On a yearly basis, the indicator went down by 2.2 percent. The largest decreases in industrial production were observed in Ireland (-7.5 percent), Portugal (-2.5 percent), Germany and Lithuania (both -1.9percent). The highest increases were registered in Estonia (+4.5 percent), Greece (+3.1 percent), and Malta (+2.6 percent).

The largest annual decreases in industrial production were recorded in Ireland (-9.1 percent), Germany (-5.1 percent), Portugal (-2.9 percent) and Spain (-2.8 percent). The highest increases were registered in Estonia (+7.9 percent), Poland (+5.3 percent) and Hungary (+3.5 percent). In France, industrial output sank by 1.3 percent after a 1.3 percent rise in October 2018.