Industrial output in the eurozone grew by 1.8 percent on a monthly basis in November, ending two months of decline, the European Union (EU) statistics office Eurostat said Tuesday.

According to the latest data, industrial output in the EU posted a monthly rise of 1.5 percent in November, a remarkable improvement from a 0.5 percent decrease in October.

The upward industrial output in both areas was seen mostly in production of capital goods, which grew significantly by 3 percent and 2.6 percent in the eurozone and the EU respectively.

Production of durable consumer goods increased by 2.2 percent and 1.5 percent in the eurozone and the EU respectively, and that of energy rose by 1.8 percent in the euro area and by 1.2 percent in the EU, data showed.

On an annual basis, industrial production in November rose by 3 percent both in the single currency area and the EU, said Eurostat.

Among member states for which data was available, industrial production rose in 16 countries, remained stable in three and fell in six. Germany, the biggest economy in the EU, posted a rise of 2.4 percent.

The highest increases were registered in Ireland at 11.7 percent, followed by Sweden and Malta at 6.4 percent and 3.8 percent respectively. The largest decreases were seen in Lithuania at minus 3.5 percent, Denmark at minus 3 percent and Greece at minus 2.2 percent. Endi

Go to Forum >>0 Comment(s)