Eurozone November industrial production +2.5% vs +0.2% m/m expected

Author: Justin Low | Category: News

Latest data released by Eurostat - 13 January 2021

  • Prior +2.1%; revised +2.3%
  • Industrial production WDA -0.6% vs -3.2% y/y expected
  • Prior -3.8%; revised to -3.5%
Factory output in the euro area beat expectations in November, rising strongly despite the reintroduction of lockdown measures across the region. That adds to some encouragement to Q4 data - well, at least on the surface of things.

However, the market remains more forward-looking and with tighter virus measures set to extend into the majority of Q1 this year, a double-dip recession is still possible.
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