trending Market Intelligence /marketintelligence/en/news-insights/trending/xgBzhLkNVRK-KMfNIz8_7w2 content esgSubNav
In This List

Eurozone industrial production falls more than expected in November 2018

Blog

Banking Essentials Newsletter: 7th February Edition

Blog

Insurance Underwriting Transformed How Insurers Can Harness Probability of Default Models for Smarter Credit Decisions

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Eurozone industrial production falls more than expected in November 2018

Seasonally adjusted industrial production in the eurozone declined by 1.7% on a monthly basis in November 2018 after rebounding by an upwardly revised 0.1% in October 2018, data from Eurostat showed.

The Econoday consensus forecast was for a 0.5% monthly decrease.

Energy production fell by 0.6% compared to the previous month, while durable consumer goods production was down by 1.7% and production of nondurable consumer goods fell by 1.0%. Production of capital goods and intermediate goods decreased by 2.3% and by 1.2%, respectively.

On a year-over-year basis, industrial production in the single-currency area dropped by 3.3% in November 2018, following an annual rise of 1.2% in the prior month and compared with the Econoday forecast of a 2.2% drop.

"Surveys have been dismal throughout the quarter, and actual production data is now confirming that bleak view on the eurozone economy," said Bert Colijn, senior economist at ING, in a note.