- POSTED: 12 Feb 2014 18:44
This graph is an experimental feature that tracks number of views over time.
Eurozone 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 showed on Wednesday.
BRUSSELS: Eurozone 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 showed on Wednesday.
Industrial output in the then 17-nation eurozone fell 0.7 per cent in December compared with November, when it rose a revised 1.6 per cent, the Eurostat Statistics office said.
November was first given as an increase of 1.8 per cent.
Analysts polled by Dow Jones Newswires had expected a December downturn of about 0.3 per cent.
In the full 28-member European Union, industrial output was also down 0.7 per cent in December after a gain of 1.3 per cent the previous month, Eurostat.
Compared with December 2012, industrial output was up 0.5 per cent in the eurozone and up 0.9 per cent in the EU.
Economic powerhouse Germany showed a fall of 0.7 per cent in December after a gain of 2.6 per cent in November while struggling France dropped 0.3 per cent after rising 1.2 per cent.
Data for non-euro Britain rose 0.4 per cent after a fall of 0.1 per cent in November.
Analysts had welcomed November's strong report as a sign the recovery was back on track after a weak period and boded well for fourth quarter growth figures, due on Friday.
The eurozone escaped a record 18-month recession in the second quarter with growth of 0.3 per cent, only for this to slow to a marginal 0.1 per cent in the third.