In November 2021, industrial production increased by 2.3%. in the euro area and by 2.5%. in the EU compared to October 2021, reported the EU’s statistical office Eurostat. Poland is second among the Member States, with industrial production. Our country recorded an increase in industrial production by 5.9%.
In the ranking, Ireland takes the first place (an increase of 37.3%). Next comes Poland, followed by the Czech Republic (4.8%). The biggest drops were recorded in Belgium (-4.4%), Malta (-3.7) and Luxembourg (-2.3), according to Eurostat data.
The euro area is down
According to Eurostat estimates, in November 2021 compared to November 2020 industrial production in the euro area decreased by 1.5%. At the same time, it remained unchanged throughout the European Union. It follows that countries outside the euro area did better than those that decided to adopt the single currency.
In terms of the production of capital goods in the entire European Union, in November 2021 there was a decrease compared to November 2020 by 8.2%. However, some countries saw increases. Here you can see once again that Poland is doing well. In this ranking, our country was again in second place with an increase of 15.3 percent. Only our neighbor – Lithuania fares better than Poland (17 percent. Bulgaria is behind Poland with an increase of 13.3 percent.
The largest annual declines were recorded in Ireland (-30.4%), Malta (-7.8%), Germany and Luxembourg (-2.5% each).
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