Eurozone industrial output down more than expected in Dec
by ChemOrbis Editorial Team - content@chemorbis.com
According to data from Eurostat, industrial output in the Eurozone decreased by 1.6% on a monthly basis in December after an increase of 1.5% in November. The fall in industrial output also stood slightly above the estimates of a drop of 1.5%.
Meanwhile, Eurozone’s growth in industrial output decreased to 2% in December from 3.2% in November when compared to the same month of 2015, beating the estimates of 1.7% growth.
The monthly decrease in output in December was mainly driven by decreases of 3.3% in production of capital goods and by 1.4% in energy production while production of durable goods was up by 2.9%.
Meanwhile, Eurozone’s growth in industrial output decreased to 2% in December from 3.2% in November when compared to the same month of 2015, beating the estimates of 1.7% growth.
The monthly decrease in output in December was mainly driven by decreases of 3.3% in production of capital goods and by 1.4% in energy production while production of durable goods was up by 2.9%.
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