Wednesday, February 8, 2023

Eurozone Industrial Production Sags in November

By on January 13, 2016

BRUSSELS – Official figures show that industrial production across the 19-country eurozone fell sharply in November, a development that could weigh on the region’s economic growth during the final quarter of 2015.

Eurostat, the EU’s statistics agency, says Wednesday that output declined by 0.7 percent during the month, more or less double market expectations. Unusually warm weather across many parts of the region was blamed for much of the decline as that weighed on energy demand.

However, an upward revision to the previous month to show a 0.8 percent increase helped assuage concerns.

More up-to-date surveys have suggested that the eurozone economy has been fairly buoyant at the turn of the year.

By The Associated Press


You must be logged in to post a comment Login