Wednesday, July 30, 2014   

Euro zone December industrial output weakens
(02-12 18:21)

Euro zone industrial output turned lower in December after a sharp upturn in November had encouraged hopes that a modest economic recovery was gaining momentum, official figures show.
Industrial output in the then 17-nation euro zone fell 0.7 percent in December compared with November, when it improved a revised 1.6 percent, the Eurostat Statistics office said today.
November was first given as an increase of 1.8 percent.
In the full 28-member European Union, industrial output was also down 0.7 percent in December after a gain of 1.3 percent the previous month, Eurostat.
Compared with December 2012, industrial output was up 0.5 percent in the euro zone and up 0.9 percent in the EU.
Economic powerhouse Germany showed a fall of 0.7 percent in December after a gain of 2.6 percent in November while struggling France dropped 0.3 percent after rising 1.2 percent.
Data for non-euro Britain gained 0.4 percent after a fall of 0.1 percent in November.
Analysts had welcomed November's strong report as a sign the recovery was back on track after a weak period.—AFP


   
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