Arab Today, arab today euro zone industrial production rises in november
Last Updated : GMT 06:27:20
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Euro zone industrial production rises in November

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Arab Today, arab today Euro zone industrial production rises in November

Brussels - SPA

Euro zone industrial production in November rose much more than expected, signaling stronger momentum behind the bloc's economic recovery in the last quarter of 2013, Reuters reported.Industrial production in 17 countries sharing the euro jumped 1.8 percent on the month in November, after an upwardly revised 0.8 percent drop in October, the EU's statistics office Eurostat said on Tuesday.The monthly rise, the euro zone's strongest since May 2010, was fueled by a 3.0 jump in the output of capital goods and a 2.2 percent rise in the production of durable consumer goods, such as electronics and cars.Compared with the same period of last year, industrial production rose 3.0 percent in November after a upwardly revised 0.5 percent rise in October.The data points to a slight acceleration of the economic recovery of the 9.5 trillion euro economy in the last quarter of 2013 compared with the previous three months, when it nearly stalled because of a weak performance of France and Italy.

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