Forex News

Eurozone industrial production declined more than expected

Industrial production in the eurozone declined faster than expectations in November, as evidenced by preliminary data from the Eurostat statistical office, published on Monday.
Seasonally adjusted industrial production decreased by 1.7 percent from October, when the figure rose by 0.1 percent, revised from 0.2 percent. Economists had expected a 1.5 percent decline.
The production of industrial goods was marked by a decline of 2.3 percent, while the production of durable goods fell by 1.7 percent.
The output of intermediate goods decreased by 1.2 percent, and the release of durable goods – by 1 percent. Energy production fell 0.6 percent.
In annual terms, the volume of industrial production, taking into account the calendar amendment, decreased by 3.3 percent in November, after a growth of 1.2 percent. Economists had forecast a 2.1 percent decline.