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Saturday, November 13, 2010

Eurozone Industrial Production still below its 2005 level

According to estimates released by the Eurostat, the statistiscal office of the European Union, seasonal adjusted industrial output for September 2010 fell by 0.9% in the euro area (EA16) and by 0.5% in the EU27 as compared with August 2010 data. However, if compared against September 2010, industrial production increased by 5.2% in the euro area and by 5.8% in the EU27. Is the Eurozone slowing down?

From the chart above, current industrial output is still below 2005 level.

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