Eurozone industrial output rises for 3rd straight month in Nov
Higher production of both durable and non-durable consumer goods was cited as the main reason behind the region’s stronger industrial output. Production of non durable goods and durable consumer goods rose 0.5% and 1.9%, respectively, while energy output was down 0.9% month over month following a 0.8% drop in October.
However, on a yearly basis, industrial output in the eurozone decreased 0.4% in November. Analysts stated that the region’s economic growth may find support from falling oil prices and stronger industrial production as well as higher retail sales in the fourth quarter of 2014.
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