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Croatia Leads in Industrial Production Growth Among EU Nations

Despite a general downturn in industrial production across the Eurozone and EU in November, Croatia has emerged as a leader, alongside Denmark and Sweden, achieving the highest year-on-year growth, Eurostat's latest report reveals.

The report, released on Monday, highlights a marginal decline in industrial production across the Eurozone and EU, with a 0.3% and 0.2% drop respectively compared to the previous month. These figures follow a more significant fall in October, where the Eurozone saw a 0.7% reduction and the EU a 0.5% decrease.

Durable consumer goods production experienced the sharpest decline, dropping by 2% in the Eurozone and 1.8% in the EU. Capital goods weren’t far behind, witnessing a 0.8% fall in both regions.

Conversely, there was a notable rise in the production of non-durable consumer goods, climbing by 1.2% in the Eurozone and an even higher 1.7% in the EU. Energy production also showed positive growth, increasing by 0.9% in the Eurozone and 0.7% in the EU compared to the figures from October, as detailed in the Eurostat report.

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