Eurozone industrial output falls 3.7% year-on-year in November 2012

Total industrial production in the eurozone, excluding the construction sector, fell by 3.7% year-on-year in November 2012, according to Eurostat.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

In the 27 member states of the European Union (EU27), industrial production fell by 3.3% in November 2012, compared with the same month in 2011, the statistical agency revealed on Monday January 14.

The countries with the largest decreases in industrial production among EU members were Italy, where November output fell by 7.6% year-on-year; Spain, where production went down by 7.2%; and Ireland, which saw a drop of 6.6% in November of last year.

Countries such as Lithuania, Estonia and Malta saw their industrial production jump in November, compared with the same month in 2011, by 8.9%, 6.55 and 6.1%, respectively.

Production of durable consumer goods fell year-on-year by 7.7% in the eurozone in November and by 6.8% across the EU, Eurostat said.

What to read next
Following a six-week consultation period, Fastmarkets can confirm it will amend the calculation method for all the average functions on the Fastmarkets platform from Wednesday March 1, 2023.
Consolidation, the recycling of electric vehicle batteries, US steel exports and the benefits of sustainable steelmaking were key talking points at Fastmarkets’ Scrap & Steel 2023 conference in Dallas in January
Green shoots of increased demand will emerge in US ferrous markets courtesy of the Biden administration’s trillion-dollar infrastructure package in 2023, Schnitzer’s executive vice president and chief strategy officer Richard Peach said at Fastmarkets’ Steel and Scrap Conference 2023 in Dallas, Texas
US special bar quality steel prices rose in January in line with rising scrap and alloy costs, according to market participants
European metal industry association Eurometaux has called on the European Commission to follow the lead shown by the Inflation Reduction Act and deliver a “powerful” policy to support the industry in the EU while it tries to keep up with the move to a new generation of energy markets
The fallout from Russia’s invasion of Ukraine is changing global trade flows for bauxite, with Brazilian material once again flowing into China and with the introduction of export restrictions elsewhere likely to influence availability through 2023
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
Proceed