EU: Euro Area Industrial Production Expands by 2.5% in November vs. 0.2% Expected

Industrial Production in the euro area expanded by 2.5% on a monthly basis in November, the data published by the Eurostat showed on Wednesday. This reading followed October’s increase of 2.3% and beat the market expectation of 0.2% by a wide margin.

Industrial Production contracted by 0.6% Y-o-Y in November despite the upsurge witnessed toward the end of 2020.