Industrial production in the eurozone rebounded in November 2020, following three straight months of contraction.
- Industrial production in the Eurozone climbed by 2.3% from the previous month, marking the first growth since July the same year. Production fell by 1.5% when compared with the same month in 2019.
- Production in the European Union recorded month-on-month growth of 2.5%, also following three straight months of contraction. The figure was flat when compared with year-ago readings.
- Month-on-month growth was led by non-durable consumer goods, followed by capital goods, energy, and intermediate goods. The production of durable consumer goods posted a decline during the month.
The largest monthly increases were recorded in Ireland, Poland, and Czechia, while the most significant declines were seen in Belgium, Malta, and Luxembourg.
EZU is down 0.20%, while VGK is up 0.51% premarket.