Monday, October 20, 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


   
Other Business breaking news:
Qatar to buy stake in Sogo's operator (10-20 13:03)
Hang Seng up at midday (10-20 12:37)
Nikkei soars 3pc by break (10-20 10:55)
European car sales accelerate in September (10-17 18:28)
Hang Seng finishes higher (10-17 16:29)
Rolls-Royce cuts forecasts on Russian sanctions (10-17 16:24)
Smartphones cut into Google profit and share price (10-17 16:20)
European stock markets rally in initial trading (10-17 15:45)
Nikkei ends at five-month low (10-17 14:12)
Hang Seng up at midday (10-17 12:30)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.