Industrial Production Makes a U-Turn after Jump in the Euro Area and EU in Nov.

Industrial production in the euro area increased by 2.3% in November and rose by 2.5% in the EU. DAX is up +0.22%, EURUSD is down -0.02%

The improvement in industrial production happens after a fall of 1.3% in the euro area in October and 0.8% in the EU.
On a monthly basis, production of non-durable consumer goods in the euro area improved by 3.2% in the euro area while capital goods gained 1.5%. Energy saw a 1.2% increase, while intermediate goods and durable consumer goods production improved by 0.9% and 0.2%, respectively.
In the EU, non-durable consumer goods gained 3.0% as capital goods added 2.3%, both higher than intermediate goods output gain of 1.4%. Energy saw a 0.9% increase, while durable consumer goods added 0.1%.
On a monthly basis, industrial production rose the highest in Ireland, Poland, and Czechia. The declines were noted the highest in Belgium, Malta, and Luxembourg.
Compared to the previous year, industrial production remained unchanged in the EU in November and was 1.5% down in the euro area.

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