Industrial output rises in November

Latest reading: Industrial production rose 0.7% in calendar- and seasonally adjusted month-on-month terms in November, following a 0.7% increase in the prior month and exceeding market expectations. Relative to the previous month's data, readings in November improved for capital goods (+2.8% in calendar- and seasonally adjusted month-on-month terms vs +0.5% in October). In contrast, readings in November worsened for intermediate goods (+0.3% vs +0.9% in October), energy (-2.2% vs +1.3% in October), durable consumer goods (-1.3% vs +2.4% in October) and non-durable consumer goods (-0.6% vs -0.4% in October). Looking at specific countries, output rose in Germany, Italy and Spain, and fell in France and the Netherlands. In annual terms, industrial production increased 2.5% in November, following a 1.7% rise in the prior month.

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