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Eurozone Nov factory output falls at faster than forecasted pace

by ChemOrbis Editorial Team -
  • 13/01/2016 (16:23)
According to data from Eurostat, industrial production in the eurozone fell at a faster pace than expected in November. The region’s factory output declined 0.7% from a month earlier, exceeding economists’ forecasts which called for a decrease of 0.3%. On a yearly basis, industrial production in the eurozone rose by 1.1% from the same month of 2014.

The data showed that energy production fell 4.3% while production of capital goods declined 1.9% from a month earlier. Durable goods production was down 1% while production of non-durable consumer goods and intermediate goods climbed 0.1% and 0.7% on the month, respectively, in November.

Across the region, the largest decreases in industrial production on a monthly basis were reported in Portugal (-4.9%), Malta (-3.7%), the Netherlands (-3.1%), Estonia and Lithuania (both -2.6%) while the largest increases were seen in Greece (+3.3%) and Slovakia (+1.9%) in November.
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