Thursday, April 24, 2014   

Output at struggling euro zone industries weakens
(12-12 18:56)

Euro zone industrial output fell sharply in October, the latest sign that a modest recovery from recession is struggling to gain traction, official data showed.
Industrial output in the 17-nation euro zone slumped 1.1 percent in October compared with September when it fell a revised 0.2 percent, the Eurostat statistics agency said.
In the full 28-member European Union, industrial production dropped 0.7 percent after a marginal gain of 0.1 percent in September, Eurostat said.
The largest falls was in Ireland with a drop of 11.6 percent while the biggest gain was in Lithuania, up 2.2 percent.
EU powerhouse Germany fell 1.2 percent after a downturn of 0.7 percent, with France off 0.3 percent, the same as in September.
Non-euro Britain was up 0.4 percent after a gain of 0.9 percent.
Compared with October 2012, euro zone industrial output, a broad measure of manufacturing activity, was up 0.2 percent while the EU gained 0.8 percent.—AFP

   
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