Euro Area: Industrial output growth stable in November
Latest reading: Industrial output grew 0.2% in month-on-month seasonally adjusted terms in November, matching October’s print. Looking at the details of the release, output of intermediate goods and durable consumer goods increased at faster clips in November. That said, capital goods output lost steam.
On an annual basis, industrial production fell at a more pronounced rate of 1.9% in November (October: -1.1% yoy). Meanwhile, the trend improved, with the annual average variation of industrial production coming in at minus 2.9%, up from October’s minus 3.1%.