Arab Today, arab today eurozone industrial output rebounds in november
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Eurozone industrial output rebounds in November

Arab Today, arab today

Arab Today, arab today Eurozone industrial output rebounds in November

Brussels - AFP

Eurozone industrial output rebounded sharply in November, offering some reassurance that a modest recovery remains on track after heavy falls in October, official data showed on Tuesday. Industrial output in the then 17-nation eurozone jumped 1.8 percent in November after a fall of 0.8 percent in October, the Eurostat statistics office said. In the full 28-member European Union, industrial production gained 1.5 percent after dropping 0.5 percent in October, it said. Compared with November 2012, industrial output rose by 3.0 percent in both the eurozone and the EU. Industrial output figures can be volatile but after a second monthly fall in a row in October, analysts voiced concern the single currency bloc's recovery appeared to be stalling. The eurozone escaped a record 18-month recession in the second quarter with growth of 0.3 percent, only for this to slow to a marginal 0.1 percent in the third. In November, the biggest monthly gain was in Ireland with 11.7 percent while economic powerhouse Germany was up 2.4 percent and struggling France rose 1.4 percent.

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