FXstreet.com (Barcelona) - Industrial production as declined o the month in the Euro Area, against the market forecasts of a increase, while the year-on year increase has been somewhat lower than in October, according to data by Eurostat.

In November, from October, industrial production has declined 0.5% in the countries belonging to the Euro Area, November's decrease follows a 0.5% monthly rise posted in October, revised up from the initial 0.4% estimation.

On the year, industrial production increased 2.7%, following a 4.1% yearly increase in October, revised up from the initially published 3.8% increase.

On the month, Production of intermediate goods decreased 0.6% on the month, durable goods decreased 1.9% and capital goods production fell by 0.7%. On the positive side, production of energy rose 0.4% and non durable goods 0.1%. From November 2006 durable goods production fell 3.4%, while energy production rose 6.2% and capital goods rose 3.7%. Non durable goods production rose 1.9% yearly, and intermediate goods 1.8%.