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Eurozone Industrial Output Growth Tops Expectations

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Eurozone industrial production recovered at a faster than expected pace in November, a report from Eurostat revealed Tuesday.

Industrial production increased 1.8 percent in November from October, when it was down by 0.8 percent. Economists were expecting an increase in production to 1.4 percent.

Production of capital goods and durable consumer goods increased 3 percent and 2.2 percent, respectively. Output of non-durable consumer goods rose 1.4 percent and energy output grew 1.8 percent. Intermediate goods logged the lowest growth of 1 percent.

Year-on-year, industrial production growth accelerated to 3 percent in November from 0.5 percent in October. The rate was well above the 1.8 percent rise forecast by economists.

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