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Euro zone industrial production rises 1% in November

Industrial production in the euro zone increased by 1% in November compared to October 2022, according to data with seasonal adjustments published this Friday (13) by the official statistics agency of the European Union, Eurostat.

The result was well above the expectations of analysts consulted by the The Wall Street Journalwhich forecast a 0.5% increase in November production.

In the annual comparison, the block’s industrial production expanded by 2% in November, also surpassing the market consensus, which was a 0.5% increase. Eurostat also revised the monthly variation of industrial production in October, down by 1.9%.

UK

UK industrial production fell 0.2% in November compared to October 2022, according to data published this Friday by the ONS, as the country’s statistics body is known. The result, however, was above the expectations of analysts consulted by the The Wall Street Journalwhich forecast a drop of 0.3% in the period.

In the annual comparison, British industrial production fell by 5.1% in November, much greater than the 3% decline pointed out in the survey of the WSJ. Only UK manufacturing production shrank by 0.5% in November compared to October and was also 5.9% lower than in the same month of 2021.

Source: CNN Brasil

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